GME STOCK FORECAST: $GME Rises, however volatility continues because of GameStop Stock Split
GME Stock Forecast: Short-term forecast is to Sell the stock
Today Overall Outlook is Neutral
2 Analysts
| Share Volume | 4.25 M |
| Forward P/E 1 Year | -22.65 |
GME Stock Forecast: Momentum Summary
| Momentum Indicators | Indicator direction |
| Overall | Neutral |
| 1. Market Data | Negative |
| 1a. Price | Higher |
| 1b. Technical Indicators | Sell |
| 1c. Volume | Lower |
| 2. Crowd’s Wisdom | Marginally Positive |
| 2a. Google Search Volume | Higher |
| 2b. Net Sentiment | Steady |
GME Stock Forecast : Technical Analysis
| Analyst | S3 | R1 | Recommendation |
| Investing.com | $30.72 | $33.12 | Sell |
| Barchart.com | $36.51 | $34.55 | Sell |
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.
- Gamestop has launched their own wallet for Cryptocurrencies and NFTs (Non-Fungible Tokens). According to GME, the new wallet feature can be added as an extension on the browser. Gamers can now store, send and receive NFT and Crypto without having to leave their web browser screen.
- GME’s new wallet is a hot topic on platforms like Reddit and Twitter.
- Gamestop also has another upcoming development in the NFTs zone. They are planning to launch a NFT marketplace by the second quarter of this fiscal year.
- Currently the short-term recommendation is to sell this stock.
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GME Stock Forecast: Google Trends
The search trend for GME has been fluctuating for the past few days. Currently, it is higher compared to 24 hours ago. A downward shift can be expected in the next few hours.
| July 28th | 20 |
| July 27th | 16 |
GME Stock Forecast: Latest Videos
GME Stock Forecast: Latest Tweets
–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.
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