GameStop Corp. (NYSE: GME) has reported E.P.S. of $0.04 for its second fiscal quarter (ending July 31) versus $-0.01 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $0.15 compared to $-0.32 a year ago.
Recent Price Action
GameStop Corp. (NYSE: GME) stock closed at $23.45 on 9/10/24 after a decline of -3.3%. Moreover, this decline was accompanied by unusually high trading volume at 177% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GME is expected to continue to be a modest Value Builder.
GameStop has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. GameStop has a very low Appreciation Score of 14 but a very high Power Rating of 95, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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