With 4.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.48 million shares. The 52-week range on GME shows that it touched its highest point at $64.83 and its lowest point at $9.95 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at -0.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GME was down-trending over the past week, with a drop of -6.95%, but this was down by -8.57% over a month. Three-month performance dropped to -21.03% while six-month performance fell -5.48%. The stock gained 48.17% in the past year, while it has lost -27.86% so far this year. A look at the trailing 12-month EPS for GME yields 0.18 with Next year EPS estimates of 0.18. For the next quarter, that number is 0.09. This implies an EPS growth rate of 33.33% for this year and 125.00% for next year.
Float and Shares Shorts:
At present, 446.80 million GME shares are outstanding with a float of 408.87 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GME since 8 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.12609 being high and $0.12391 being low. For GME, this leads to a yearly average estimate of $0.125. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is -$0.1. The average estimate for the next quarter is thus -$0.04.
