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 -65.35% away from its 52-week high, while its distance from the 52-week low is 125.76%. 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 1.88 million for the day, considerably lower average daily volume of 8.16 million observed over the last three months.
Gamestop Corporation’s stock has had a calm market performance. The 1-year high for the company’s stock was $64.83 on 05/14/24, and the lowest price during the same period was recorded at $9.95 on 04/16/24.
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How Financial Performance Impacts Market Capitalization
Gamestop Corporation (GME) has experienced a quarterly rise of 7.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.58B 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 22.72, with a change in price of -6.65. Similarly, Gamestop Corporation recorded 12,573,258 in trading volume during the last 100 days, posting a change of -22.83%.
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 55.40%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 51.19%. Additionally, the Stochastic %K and %D values for the company were 49.61% and 50.58%, respectively, over the past 20 days.
GME Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 28.14%.However, over the last six months, we can see a weaker performance of 37.72%. Over the last 30 days, the price of GME has fallen by 7.48%. And in the last five days, it has fallen by -0.96%.
