GameStop Corporation with ticker code (GME) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The target price ranges between 26 and 6 and has a mean target at 16. Given that the stocks previous close was at 28.96 this indicates there is a potential downside of -44.8%. The day 50 moving average is 33.9 and the 200 day MA is 32.34. The company has a market capitalisation of $8,387m. Visit the company website at: https://www.gamestop.com
The potential market cap would be $4,634m based on the market concensus.
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It also sells collectibles comprising licensed merchandise primarily related to the gaming, television, and movie industries, as well as pop culture themes. As of January 29, 2022, the company operated 4,573 stores and ecommerce sites under the GameStop, EB Games, and Micromania brands; and 50 pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as offers Game Informer, a print and digital video game publication featuring reviews of new releases, previews of the big titles on the horizon, and coverage of the latest developments in the gaming industry. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.
