Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Gamestop Corporation’s current trading price is -66.30% away from its 52-week high, while its distance from the 52-week low is 119.60%. The stock’s price range during this period has varied between $9.95 and $64.83. The company, active in the Consumer Cyclical sector, saw a trading volume of around 61.72 million for the day, considerably higher average daily volume of 12.3 million observed over the last three months.
The market performance of Gamestop Corporation has been somewhat stable. Over the past year, the company’s stock achieved a high of $64.83 on 05/14/24, with the lowest value for the same timeframe being $9.95, recorded on 04/16/24.
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How Financial Performance Impacts Market Capitalization
Gamestop Corporation (GME) has experienced a quarterly decline of -8.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.32B and boasts a workforce of 8000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 23.48, with a change in price of +10.56. Similarly, Gamestop Corporation recorded 36,795,535 in trading volume during the last 100 days, posting a change of +93.53%.
How GME’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GME stands at 0.12. Similarly, the long-term debt-to-equity ratio is also 0.08.
GME Stock Stochastic Average
As of today, the raw stochastic average of Gamestop Corporation over the past 50 days is 28.21%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 44.52%. Additionally, the Stochastic %K and %D values for the company were 18.00% and 12.54%, respectively, over the past 20 days.
GME Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant gain of 24.64% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 59.96%. Over the past 30 days, the price of GME has leaped by -3.10%. And in the last five days, it has surged by 5.81%.
