NYSE:GME

GameStop (GME) Stock Forecast, Price & News

$23.05

+0.18 (+0.79%)

(As of 05/18/2023 ET)

Compare

Today's Range: $22.68
▼
$23.30
50-Day Range: $15.95
▼
$23.98
52-Week Range: $15.41
▼
$47.99

Volume: 2.13 million shs
Average Volume: 4.66 million shs
Market Capitalization: $7.02 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.30

GameStop MarketRank™ Forecast

Analyst Rating: Reduce
1.00 Rating Score
Upside/Downside: 77.0% Downside
$5.30 Price Target
Short Interest: Bearish
18.94% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.03
Upright™ Environmental Score
News Sentiment: 0.05
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
$114,000 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.51) to ($0.49) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

0.85 out of 5 stars

Retail/Wholesale Sector

211th out of 211 stocks

Computer & Software Stores Industry

1st out of 1 stocks

0.5

Analyst's Opinion

Consensus Rating
GameStop has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $5.30, GameStop has a forecasted downside of 77.0% from its current price of $23.05.
Amount of Analyst Coverage
GameStop has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
18.94% of the outstanding shares of GameStop have been sold short.
Short Interest Ratio / Days to Cover
GameStop has a short interest ratio ("days to cover") of 12.3, which indicates bearish sentiment.
Change versus previous month
Short interest in GameStop has recently increased by 2.92%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
GameStop does not currently pay a dividend.
Dividend Growth
GameStop does not have a long track record of dividend growth.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
GameStop has received a 3.10% net impact score from Upright. GameStop seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Online retail of game consoles", "Online retail of computer games", and "Online retail of consumer electronics" products. See details.
Environmental Sustainability
The Environmental Impact score for GameStop is -1.03.

1.1

News and Social Media Coverage

News Sentiment
GameStop has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.34 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for GameStop this week, compared to 10 articles on an average week.
Search Interest
Only 72 people have searched for GME on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
Only 18 people have added GameStop to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GameStop insiders have bought more of their company's stock than they have sold. Specifically, they have bought $114,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
12.64% of the stock of GameStop is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 25.57% of the stock of GameStop is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for GameStop are expected to grow in the coming year, from ($0.51) to ($0.49) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GameStop is -22.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of GameStop is -22.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
GameStop has a P/B Ratio of 5.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About GameStop (NYSE:GME) Stock

GameStop Corp. is a specialty retailer founded in 1999 and headquartered in Grapevine, Texas. The company was originally known as GSC Holdings Corp. but later changed its name following its IPO. Originally a brand of then dominant Babbages, Gamestop altered the way video games were distributed and it is now the world's largest retailer of video games and video game accessories. The company went public in 2004 and operated 4,573 stores at the start of 2022. Brands under the company umbrella include Gamestop, EB Games, and Micromania as well as 50 pop-culture-themed Zing Pop locations.

Gamestop Corp. provides video games and entertainment products through its global network of e-commerce properties and stores. The company sells new and pre-owned gaming platforms and accessories like controllers, headsets, memory cards, and gaming software as well as in-game products like digital currency, downloadable content, and games. The company also sells new and used memorabilia and collectibles. Genres include TV, movie, comic book, and game characters as well as many other items from pop culture. GameStop Corp. also operates Game Informer, a magazine and website dedicated to the gaming industry including reviews, updates, and new developments in technologies.

Game enthusiasts enjoy two primary benefits of using Gamestop. The first is access to the full range of games and gaming accessories. The second is the ability to sell or trade their old equipment and games for fair prices. All old equipment is refurbished to a like-new state before resale.

In 2021 Gamestop announced it was entering the world of cryptocurrency. The company revealed plans to build an NFT (non-fungible token) platform for listing, selling, and holding digital or digitized artwork and collectibles. The beta version launched in 2022 and has so far seen great success with an average daily volume exceeding $1 million. The NFT marketplace also featured Web3.0 games in which characters and in-game items are held forever on the blockchain. As of September 2022, the most successful retailer on the NFT marketplace was Gamestop Presents, a collaboration of cover art from Game Informer Magazine. Sales at the time were just under 168 ETH or about $221,500.00.

GameStop began a slide in 2016 following a series of bad investments that included a foray into the world of mobile phones. The slide came to an end in late 2021 when shareholders using the Reddit thread Wallstreet Bets orchestrated a short-squeeze and brought on the age of meme stocks.

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GME Stock News Headlines

May 17, 2023 | investorplace.com

‘Pulte’ Ignites GME Stock Hype With GameStop Tweet

May 17, 2023 | benzinga.com

This Is What Whales Are Betting On GameStop

May 18, 2023 | Behind the Markets (Ad)

"Chilling War Games Show US Forces Crushed" – FOX NEWS

=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>

May 17, 2023 | thestreet.com

GameStop Stock: 3 Reasons Why It Continues to Outperform

May 16, 2023 | msn.com

Short Sellers Are Still Targeting Brick-And-Mortar Retailers – Should You Too? A Look At DDS And GME

May 16, 2023 | investorplace.com

My GameStop Stock Price Prediction for 2025

May 15, 2023 | msn.com

GameStop: Investor Overoptimism And Weak Fundamentals Threaten Stock

May 14, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Upgraded to "Hold" at StockNews.com

May 18, 2023 | Behind the Markets (Ad)

"Chilling War Games Show US Forces Crushed" – FOX NEWS

May 11, 2023 | thestreet.com

GameStop Stock Trading Volume Plummets to 18-Year Low. Why?

May 10, 2023 | msn.com

GameStop Corp. Cl A stock outperforms market on strong trading day

May 10, 2023 | msn.com

GameStop Corp. Cl A stock rises Monday, outperforms market

May 10, 2023 | msn.com

GameStop Corp. Cl A stock falls Tuesday, underperforms market

May 10, 2023 | msn.com

GameStop Still Offers High Put Option Premiums, Ideal for Short-Put Income Plays

May 10, 2023 | thestreet.com

GameStop Stock: Looking at the Past, Present, and Future Under Cohen And Furlong's Leadership

May 10, 2023 | thestreet.com

GameStop Stock: What To Expect Ahead Of GME’s Annual Stockholders Meeting

May 7, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Rating Lowered to Sell at StockNews.com

May 5, 2023 | investorplace.com

GME Price Prediction: My GameStop Price Target for 2025

May 5, 2023 | investorplace.com

There Are No GameStop (GME) Stock Shares Available to Short

May 4, 2023 | investorplace.com

Why GameStop Stock Has a Bright Future (Unlike Bed Bath & Beyond)

May 3, 2023 | seekingalpha.com

GameStop: 2-Year Life Expectancy, Without A Huge Business Turnaround

May 3, 2023 | investorplace.com

GME Stock Sell-Off: The One Big Reason GameStop Is Sliding Back

May 1, 2023 | investorplace.com

How to Profit From GameStop Stock? The Key Is Timing Your Sale.

April 30, 2023 | investorplace.com

GameStop Forecast: Can GME Stock Prove the Skeptics Wrong in 2023?

April 30, 2023 | americanbankingnews.com

GameStop (NYSE:GME) Lifted to Hold at StockNews.com

April 29, 2023 | investorplace.com

Why GameStop Stock Investors Probably Won’t Win the Game

April 27, 2023 | investorplace.com

Cost to Borrow GameStop (GME) Stock Briefly Spikes

See More Headlines

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GME Company Calendar

Last Earnings: 3/21/2023
Today: 5/18/2023
Next Earnings (Estimated): 6/07/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer & software stores
Sub-Industry: Computer & Electronics Retail
Sector: Retail/Wholesale
Current Symbol: NYSE:GME
CUSIP: 36467W10
CIK: 1326380
Web: www.gamestop.com
Phone: (817) 424-2000
Fax: 817-424-2002
Employees: 11,000
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $5.30
High Stock Price Forecast: $5.30
Low Stock Price Forecast: $5.30
Forecasted Upside/Downside: -77.0%
Consensus Rating: Reduce
Rating Score (0-4): 1.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-313,100,000.00
Net Margins: -5.28%
Pretax Margin: -5.10%
Return on Equity: -23.09%
Return on Assets: -10.02%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.74
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $5.93 billion
Price / Sales: 1.19
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.34 per share
Price / Book: 5.31

Miscellaneous

Outstanding Shares: 304,720,000
Free Float: 266,201,000
Market Cap: $7.02 billion
Optionable: Optionable
Beta: -0.32

Social Links

Key Executives

Matthew Furlong
President, Chief Executive Officer & Director

Nir Patel
Chief Operating Officer

Diana Saadeh-Jajeh
Chief Financial Officer

Matt Francis
Chief Technology Officer

Andrea Wolfe
Vice President-Brand Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GME Stock - Frequently Asked Questions

Should I buy or sell GameStop stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GameStop in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" GME shares.
View GME analyst ratings or view top-rated stocks.
What is GameStop's stock price forecast for 2023?: 1 analysts have issued 1-year price objectives for GameStop's shares. Their GME share price forecasts range from $5.30 to $5.30. On average, they predict the company's share price to reach $5.30 in the next year. This suggests that the stock has a possible downside of 77.0%.
View analysts price targets for GME or view top-rated stocks among Wall Street analysts.
How have GME shares performed in 2023?: GameStop's stock was trading at $18.46 at the beginning of the year. Since then, GME stock has increased by 24.9% and is now trading at $23.05.
View the best growth stocks for 2023 here.
When is GameStop's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our GME earnings forecast.
How were GameStop's earnings last quarter?: GameStop Corp. (NYSE:GME) released its quarterly earnings results on Tuesday, March, 21st. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.29. The business earned $2.23 billion during the quarter, compared to analysts' expectations of $2.18 billion. GameStop had a negative trailing twelve-month return on equity of 23.09% and a negative net margin of 5.28%. The company's revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned ($0.47) EPS.
What ETFs hold GameStop's stock?: ETFs with the largest weight of GameStop (NYSE:GME) stock in their portfolio include SoFi Web 3 ETF (TWEB), Roundhill MEME ETF (MEME), VanEck Social Sentiment ETF (BUZZ), Wedbush ETFMG Video Game Tech ETF (GAMR), VanEck Video Gaming and eSports ETF (ESPO), SoFi Social 50 ETF (SFYF), SPDR S&P Retail ETF (XRT) and Pacer BlueStar Digital Entertainment ETF (ODDS).
When did GameStop's stock split?: GameStop's stock split on Friday, July 22nd 2022. The 4-1 split was announced on Wednesday, July 6th 2022. The newly minted shares were payable to shareholders after the market closes on Thursday, July 21st 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.
What is George Sherman's approval rating as GameStop's CEO?: 342 employees have rated GameStop Chief Executive Officer George Sherman on Glassdoor.com. George Sherman has an approval rating of 26% among the company's employees. This puts George Sherman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of GameStop own?: Based on aggregate information from My MarketBeat watchlists, some companies that other GameStop investors own include General Electric (GE), AT&T (T), Ford Motor (F), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Tesla (TSLA), Walt Disney (DIS), Alibaba Group (BABA) and Energy Transfer (ET).
What is GameStop's stock symbol?: GameStop trades on the New York Stock Exchange (NYSE) under the ticker symbol "GME."
Who are GameStop's major shareholders?: GameStop's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.26%), State Street Corp (2.48%), Geode Capital Management LLC (1.19%), Susquehanna International Group LLP (0.00%), Sandler Capital Management (0.00%) and Bank of New York Mellon Corp (0.71%). Insiders that own company stock include Alain Attal, Diana Saadeh-Jajeh, James Grube, Kurt James Wolf, Lawrence Cheng, Raul J Fernandez and Ryan Cohen.
View institutional ownership trends.
How do I buy shares of GameStop?: Shares of GME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is GameStop's stock price today?: One share of GME stock can currently be purchased for approximately $23.05.
How much money does GameStop make?: GameStop (NYSE:GME) has a market capitalization of $7.02 billion and generates $5.93 billion in revenue each year. The company earns $-313,100,000.00 in net income (profit) each year or ($1.03) on an earnings per share basis.
How many employees does GameStop have?: The company employs 11,000 workers across the globe.
How can I contact GameStop?: GameStop's mailing address is 625 WESTPORT PARKWAY, GRAPEVINE TX, 76051. The official website for the company is www.gamestop.com. The company can be reached via phone at (817) 424-2000, via email at investorrelations@gamestop.com, or via fax at 817-424-2002.

This page (NYSE:GME) was last updated on 5/18/2023 by MarketBeat.com Staff

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GameStop (GME) Stock Forecast, Price & News

GameStop MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About GameStop (NYSE:GME) Stock

GME Stock News Headlines

GME Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

GME Stock - Frequently Asked Questions

Overall MarketRank^™