Is GameStop stock expected to rise? Stock Price Forecast The 2 analysts offering 12-month price forecasts for GameStop Corp have a median target of 16.00, with a high estimate of 26.00 and a low estimate of 6.00. The median estimate represents a -34.80% decrease from the last price of 24.54.
Stock Price Forecast
The 2 analysts offering 12-month price forecasts for GameStop Corp have a median target of 16.00, with a high estimate of 26.00 and a low estimate of 6.00. The median estimate represents a -34.80% decrease from the last price of 24.54.
Is GME a buy or sell?
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 2 sell ratings.
What is GameStop worth right now?
Interactive chart of historical net worth (market cap) for GameStop (GME) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. GameStop net worth as of October 13, 2022 is $7.72B.
The all-time high GameStop stock closing price was 86.88 on January 27, 2021.
The GameStop 52-week high stock price is 63.92, which is 159.5% above the current share price.
The GameStop 52-week low stock price is 19.39, which is 21.3% below the current share price.
Is GameStop stock expected to rise? – Related Questions
Is GameStop a good stock to buy 2022?
GameStop’s stock performance in 2022 has been far from stellar. Shares through mid-July are down 4.7%. Still, GME has managed to outperform the S&P 500 by about 15% year-to-date. Figure 2: GME and SPY performance year-to-date.
The current setup is bullish for GameStop stock investors looking for short squeeze potential. Although less intense than at the beginning of June, GME shares remain highly shorted. And borrow rates are high enough to squeeze short sellers on any spikes in buying volume.
Is GameStop going to split?
On July 6, 2022, GameStop announced that it would conduct a four-for-one stock split. Investors who owned Class A common stocks by market close on July 18, 2022, would receive three additional shares for each share owned after market close on July 21, 2022.
How likely is GME short squeeze?
The dollar amount of shorted GME shares has greatly declined over the last year, however. GameStop’s share price also went through a large drop in pricing. A short squeeze, one year after GME gained traction on WallStreetBets, is unlikely to happen.
Why is GameStop still high?
Since GameStop investors kicked off the meme stock frenzy in early 2021, share prices have remained sky high. That’s because the GameStop “apes” — as members of meme stocks’ cult-like followings are called — are stubbornly holding onto the stock.
Is it good to invest in GameStop stock?
GameStop’s stock split is no reason to buy the stock.
Given that the stock split is almost meaningless, it is no reason to consider buying GameStop stock. Moreover, since GameStop’s stock is overvalued and in a declining industry, there was little reason before the announcement to buy the stock either.
What happened GameStop 2022?
GameStop announced its second-quarter earnings report on September 7, 2022. Sales declined for the quarter by 4% to $1.14 billion. Losses grew to $108.7 million, up from the previous quarter. This is the sixth consecutive quarter where the video game retailer had to announce a loss.
The consumer electronics industry was pinched by supply chain shortages, the rise of the omicron variant of COVID-19, and declining demand for products in the video game niche compared to a year earlier. Each of those challenges likely affected GameStop over the holiday selling period, too.
