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

GME Stock Forecast: Short-term forecast is to Sell the stock
2 Analysts
Share Volume |
2.6 M |
Forward P/E 1 Year |
-20.36 |
Contents
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

–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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