Today GameStop Corp. (GME) Stock Reaches Yearly Low

March 21, 2018 - By Clifton Ray

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.11, from 1.18 in 2017Q2. It worsened, as 37 investors sold GameStop Corp. shares while 83 reduced holdings. 35 funds opened positions while 93 raised stakes. 100.21 million shares or 1.31% less from 101.54 million shares in 2017Q2 were reported.
Price T Rowe Assocs Md holds 36,134 shares. Denali Ltd Liability Corp owns 103,400 shares. Convergence Investment Prns Ltd Liability has 214,540 shares. Hsbc Public Ltd Co owns 0% invested in GameStop Corp. (NYSE:GME) for 32,665 shares. Vanguard Grp owns 8.90M shares. Blair William Co Il owns 16,268 shares or 0% of their US portfolio. Meeder Asset Management Inc owns 51,537 shares for 0.12% of their portfolio. Moreover, Retirement Sys Of Alabama has 0.01% invested in GameStop Corp. (NYSE:GME) for 130,659 shares. Ameriprise owns 416,430 shares. Smith Salley owns 0.41% invested in GameStop Corp. (NYSE:GME) for 102,867 shares. 22,700 are held by Teachers Retirement Of The State Of Kentucky. Texas-based Texas Permanent School Fund has invested 0.02% in GameStop Corp. (NYSE:GME). Grp Inc One Trading Lp owns 0.01% invested in GameStop Corp. (NYSE:GME) for 40,192 shares. Robeco Institutional Asset Management Bv holds 647,297 shares. Dalton Greiner Hartman Maher & Co has 456,424 shares for 0.53% of their portfolio.

The stock of GameStop Corp. (NYSE:GME) hit a new 52-week low and has $13.60 target or 4.00 % below today’s $14.17 share price. The 6 months bearish chart indicates high risk for the $1.44B company. The 1-year low was reported on Mar, 21 by If the $13.60 price target is reached, the company will be worth $57.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.07% or $0.3 during the last trading session, reaching $14.17. About 2.11 million shares traded. GameStop Corp. (NYSE:GME) has declined 15.17% since March 21, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 28 after the close. They expect $1.96 EPS, down 17.65 % or $0.42 from last year’s $2.38 per share. GME’s profit will be $198.49M for 1.81 P/E if the $1.96 EPS becomes a reality. After $0.54 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 262.96 % EPS growth.

GameStop Corp. (NYSE:GME) Ratings Coverage

Among 20 analysts covering GameStop Corp. (NYSE:GME), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, August 28 the stock rating was downgraded by Benchmark to “Hold”. The stock of GameStop Corp. (NYSE:GME) earned “Market Perform” rating by Telsey Advisory Group on Wednesday, January 13. The company was maintained on Thursday, December 10 by SunTrust. The rating was maintained by Telsey Advisory Group on Friday, March 24 with “Market Perform”. Benchmark maintained the shares of GME in report on Friday, May 27 with “Sell” rating. The firm earned “Buy” rating on Tuesday, September 26 by Robert W. Baird. The rating was upgraded by Standpoint Research on Thursday, December 29 to “Buy”. The company was maintained on Tuesday, November 24 by Benchmark. Benchmark maintained the stock with “Sell” rating in Monday, February 22 report. The firm has “Buy” rating by Mizuho given on Wednesday, April 19.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.44 billion. It sells new and pre-owned video game hardware; video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. It has a 4.13 P/E ratio. The firm also sells mobile and consumer electronics, including wireless services and products, and accessories, as well as new and pre-owned smart phones; personal computer entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and interactive game figures.

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