Media headlines about GameStop (NYSE:GME) have trended somewhat positive on Saturday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. GameStop earned a media sentiment score of 2.00 on their scale. InfoTrie also assigned media headlines about the company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected GameStop’s analysis:
GME stock opened at $4.32 on Friday. The firm has a fifty day simple moving average of $5.50. GameStop has a 12 month low of $4.12 and a 12 month high of $17.27. The stock has a market cap of $441.81 million, a P/E ratio of 2.02 and a beta of 0.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.59 and a current ratio of 1.48.
GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.09. GameStop had a negative net margin of 8.32% and a positive return on equity of 14.55%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. GameStop’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts anticipate that GameStop will post 1.49 EPS for the current year.
Several research analysts have commented on GME shares. Bank of America set a $4.00 price target on shares of GameStop and gave the stock a “sell” rating in a report on Wednesday, June 5th. Benchmark restated a “sell” rating and issued a $5.00 target price (down previously from $9.00) on shares of GameStop in a report on Wednesday, June 5th. Credit Suisse Group lowered their target price on shares of HollyFrontier from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Telsey Advisory Group lowered their target price on shares of GameStop from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, April 3rd. Finally, Loop Capital set a $2,380.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.10.
GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.
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