GameStop Corporation with ticker code (GME) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The range between the high target price and low target price is between 27.5 and 5.75 and has a mean target at 13.58. Given that the stocks previous close was at 31.55 this would imply there is a potential downside of -57.0%. The 50 day MA is 35.22 and the 200 moving average now moves to 34.03. The market capitalisation for the company is $9,087m. Company Website: https://www.gamestop.com
The potential market cap would be $3,911m 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.
