GME Stock: Gamestop Corporation Given Average Rating of “Hold” by Brokerages


Previously Gamestop Corp (NYSE:GME) reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $-0.01 with surprise factor of -6.3%. The brokerage now has a buy rating on the stock.

Several analysts have recently commented on the company. Zacks Investment Research cut Gamestop Corporation from a hold rating to a sell rating in a report on Monday. Robert W. Baird reaffirmed a buy rating and issued a $24.00 price target on shares of Gamestop Corporation in a report on Tuesday, September 26th. Of the analysts who provided ratings, 5 rated the company a Hold, 1 rated it a Strong Sell, and 4 rated it a Strong Buy.

When considering a stock buy, many investors seek to know what Wall Street analysts are saying about the company – by looking at the average analyst rating, for example. Vetr lowered Gamestop Corporation from a “strong-buy” rating to a “hold” rating and set a $16.58 price objective for the a report on Friday. (NYSE:GME) was $16.08 and the volume amounted to 3.82 million shares which compares with the average volume of 2.57 million shares. The company’s stock had a trading volume of 3,192,815 shares, compared to its average volume of 2,682,062. Gamestop Corporation has a 12-month low of $17.42 and a 12-month high of $26.84. The company operates in the Consumer Cyclical sector with a market capitalization of 1.75 Million. The Stock now has a Weekly Volatility of 1.52% and Monthly Volatility of 1.32%.

Gamestop Corporation (NYSE:GME) last released its quarterly earnings results on Thursday, August 24th. Net earnings for the quarter were posted at $0.15 per share, whereas Wall Street had forecast $0.16 per share. For the current quarter Gamestop Corp (NYSE:GME) has high EPS estimates of $0.49 in contradiction of low EPS estimates of $0.39.

Analysts believe that the company has the potential to earn average revenue of $1.96 Billion for the current quarter. During the same quarter in the prior year, the business posted $0.27 EPS. analysts expect that Gamestop Corporation will post 3.31 EPS for the current year.

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Meanwhile, during the same quarter GameStop Corp. LS Investment Advisors LLC grew its position in Gamestop Corporation by 17.3% during the second quarter. Finally, Advisors Asset Management Inc. raised its stake in Gamestop Corporation by 32.4% in the third quarter. BlackRock Inc. now owns 8,262,281 shares of the company’s stock worth $186,314,000 after buying an additional 8,189,420 shares during the period.

GameStop Corp. has a consensus hold rating from 11 Wall Street analysts, and the number of shares now sold short amount to at least 27.96% of shares outstanding. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement.

GameStop Corp. (NYSE:GME) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Tudor Investment Corp ET AL now owns 13,500 shares of the company’s stock worth $304,000 after buying an additional 700 shares during the period.


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