News headlines about Gamestop Corporation (NYSE:GME) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gamestop Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.3455095832066 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Gamestop Corporation (GME) Earns “Buy” Rating from Loop Capital (americanbankingnews.com)
- Why Earnings Season Could Be Great for Gamestop (GME) - Nasdaq (nasdaq.com)
- It looks like Super Nintendo mania is hitting full swing — so get ready for shortages (finance.yahoo.com)
- Getting Ready For GameStop’s Q2 Earnings Report (feeds.benzinga.com)
Gamestop Corporation (NYSE:GME) opened at 21.48 on Thursday. The stock’s 50 day moving average is $21.35 and its 200 day moving average is $22.79. The company has a market capitalization of $2.18 billion, a P/E ratio of 6.40 and a beta of 1.20. Gamestop Corporation has a 52 week low of $20.10 and a 52 week high of $32.25. Gamestop Corporation also was the target of some unusual options trading activity on Tuesday. Stock investors bought 14,618 call options on the company. This represents an increase of 663% compared to the average daily volume of 1,916 call options.
Gamestop Corporation (NYSE:GME) last issued its earnings results on Thursday, May 25th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. On average, equities research analysts expect that Gamestop Corporation will post $3.33 earnings per share for the current year.
Several research firms have recently weighed in on GME. Loop Capital reissued a “buy” rating and issued a $28.00 price objective on shares of Gamestop Corporation in a research report on Wednesday. Vetr downgraded Gamestop Corporation from a “strong-buy” rating to a “strong sell” rating and set a $16.96 target price for the company. in a research note on Monday, June 5th. BidaskClub upgraded Gamestop Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Telsey Advisory Group downgraded Gamestop Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Gamestop Corporation in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.84.
Gamestop Corporation Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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