GME STOCK FORECAST: Gamestop trades lower in Pre-Market, falls below $100

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GME Stock Forecast: Momentum Summary

GME Stock Forecast : Technical Analysis

GME Stock Forecast : CrowdWisdom360-Insights

• GME announced its next quarterly earnings report on March 21, 2022. Analysts predicted $0.78 earnings per share (EPS), with year-over-year EPS growth of -$1.77 in 2022 and -$0.82 in 2023. For the two years, these values reflect EPS increases of 17.30% and 53.70%, respectively.
• With a low of $2.15 billion and a high of $2.38 billion, revenue is expected to be $2.25 billion. In comparison to the same quarter a year ago, the consensus prediction has sales growth narrowing down to 6.10 percent.
• Chairman Ryan Cohen purchased a total of 100,000 shares of Gamestop, increasing his ownership to nearly 12%. This act caused a hike in GME shares.
• With the aim of launching a NFT marketplace, Gamestop partnered with Loopring and used their Layer 2 Technology. The users will benefit from the low gas cost and high security level.
• Being a meme stock, Gamestop has managed to capture attention of various Reddit platforms resulting in increase of stock price.
• Gamestop announced that they will be splitting their stock. They want shareholder approval to expand the amount of Class A common stock from 300 million to 1 billion shares. Right after the stock-split news, the shares of GME fell.
• The annual shareholders meeting for discussing the stock split may likely be held in the month of June.
• The stock is volatile. Currently the short-term recommendation is to sell this stock.

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–Rakesh Atla

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.