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DOW   38,671.69
QQQ   437.05
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Stock market today: World shares mostly higher after S&P 500 tops 5,000
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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
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NYSE:GME

GameStop (GME) Stock Price, News & Analysis

$14.66
+0.31 (+2.16%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$14.30
$15.23
50-Day Range
$13.46
$18.36
52-Week Range
$11.82
$27.65
Volume
3.58 million shs
Average Volume
2.97 million shs
Market Capitalization
$4.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.00

GameStop MarketRank™ Stock Analysis

Analyst Rating
Sell
1.00 Rating Score
Upside/​Downside
59.1% Downside
$6.00 Price Target
Short Interest
Bearish
19.67% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
0.42mentions of GameStop in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
50.00%
From $0.08 to $0.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.21 out of 5 stars

Retail/Wholesale Sector

163rd out of 205 stocks

Computer & Software Stores Industry

1st out of 1 stocks


GME stock logo

About GameStop Stock (NYSE:GME)

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.

 

GME Stock Price History

GME Stock News Headlines

8 best meme stocks to buy now  (GME)
Meme stocks took the investing world by storm in 2021, but is it still beneficial to invest meme stocks now? Learn about the best meme stocks to buy now.
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets… FOR FREE!
Income Expert and Author of Get Rich With Dividends Is Giving Away His Top Income Secrets…FOR FREE!
GME Mar 2024 16.000 put
GME Apr 2024 3.000 call
GME Jan 2025 3.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
The Next GameStop? 3 Undiscovered Meme Stocks to Watch.
GameStop: Meme Hype Delayed The Inevitable
Should You Buy and Hold GameStop in 2024?
GME Feb 2024 21.000 put
GameStop Bails On Its NFT Marketplace
GME Apr 2024 40.000 call
GME Jan 2024 200.000 put
See More Headlines
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Company Calendar

Last Earnings
9/06/2023
Today
2/12/2024
Next Earnings (Estimated)
3/19/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Computer & software stores
Sub-Industry
Computer & Electronics Retail
CUSIP
36467W10
Employees
11,000
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$6.00
High Stock Price Target
$6.00
Low Stock Price Target
$6.00
Potential Upside/Downside
-59.1%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-313,100,000.00
Pretax Margin
-0.10%

Debt

Sales & Book Value

Annual Sales
$5.71 billion
Book Value
$4.34 per share

Miscellaneous

Free Float
266,897,000
Market Cap
$4.48 billion
Optionable
Optionable
Beta
-0.38

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GME Stock Analysis - Frequently Asked Questions

Should I buy or sell GameStop stock right now?

1 Wall Street equities 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 equities research analysts is that investors should "sell" GME shares.
View GME analyst ratings
or view top-rated stocks.

What is GameStop's stock price target for 2024?

1 analysts have issued 1 year price objectives for GameStop's stock. Their GME share price targets range from $6.00 to $6.00. On average, they anticipate the company's share price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 59.1%.
View analysts price targets for GME
or view top-rated stocks among Wall Street analysts.

How have GME shares performed in 2024?

GameStop's stock was trading at $17.53 on January 1st, 2024. Since then, GME shares have decreased by 16.4% and is now trading at $14.66.
View the best growth stocks for 2024 here
.

When is GameStop's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 19th 2024.
View our GME earnings forecast
.

How were GameStop's earnings last quarter?

GameStop Corp. (NYSE:GME) released its earnings results on Wednesday, September, 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.11. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. GameStop had a negative trailing twelve-month return on equity of 0.11% and a negative net margin of 0.14%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.35) EPS.

Is GameStop a good dividend stock?

GameStop (NYSE:GME) pays an annual dividend of $1.52 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for GME.

When did GameStop's stock split?

GameStop's stock split on the morning of Friday, July 22nd 2022. The 4-1 split was announced on Wednesday, July 6th 2022. The newly minted shares were issued to shareholders after the closing bell 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).

Who are GameStop's major shareholders?

GameStop's stock is owned by a variety of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.85%), Van ECK Associates Corp (0.44%), Principal Financial Group Inc. (0.32%), Dimensional Fund Advisors LP (0.31%), Swiss National Bank (0.18%) and Retirement Systems of Alabama (0.11%). Insiders that own company stock include Alain Attal, Daniel William Moore, Diana Saadeh-Jajeh, James Grube, Lawrence Cheng, Mark Haymond Robinson, Nir Vinay Patel 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GME) was last updated on 2/12/2024 by MarketBeat.com Staff

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