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

GME STOCK FORECAST: Gamestop trades lower in Pre-Market, falls below $100
Lafayette, US - December 27, 2016: GameStop Strip Mall Location. GameStop is a Video Game and Electronics Retailer IV
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GME Stock Forecast: Short-term forecast is to Sell the stock

2 Analysts

GME Latest Price

Share Volume
2.6 M
Forward P/E 1 Year
-20.36

GME Stock Forecast: Momentum Summary

Momentum Indicators
Indicator direction
Price
Lower
Technical Indicators
Neutral
Google Search Trend
Steady
Volume
Higher

GME Stock Forecast : Technical Analysis

Analyst
S3
R1
Recommendation
$91
$99
Buy
$85
$103
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.
  • The stock is volatile. Currently the short-term recommendation is to sell this stock.

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GME Stock Forecast: Google Trends

May 18th, 8 AM ET
16
May 19th, 8 AM ET
17

GME Stock Forecast: Latest Videos

GME Stock Forecast: Latest Tweets

Hodlape on Twitter: “$GME #GME #GMESqueeze 2 May to 3 MaySi of Freefloat: 20,12% -> 19,58%Freefloat on Loan: 31.25 -> 31.25%Days to cover: 4.62 -> 4.64Cost to borrow 6.70 -> 6,70Utilization 100% -> 100% pic.twitter.com/i2C2mBZ20d / Twitter”

GME #GME #GMESqueeze 2 May to 3 MaySi of Freefloat: 20,12% -> 19,58%Freefloat on Loan: 31.25 -> 31.25%Days to cover: 4.62 -> 4.64Cost to borrow 6.70 -> 6,70Utilization 100% -> 100% pic.twitter.com/i2C2mBZ20d

GME stock forecast

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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