GameStop Corp. (NYSE: GME) stock enjoyed a major increase of 15.4% on 3/25/24. The shares closed at $15.12. Moreover, exceptionally high trading volume at 328% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 6.2% during the last week.
Current PriceTarget Research Rating
GME is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
GameStop has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. GameStop has a poor Appreciation Score of 16 and a very low Power Rating of 1, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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