GameStop Corp. (NYSE: GME). Notable negative changes in fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for January, 2025 decreased significantly, and the consensus estimate for January, 2024 decreased significantly. Positive development: the stock’s power rating rose above 70.
Significant negative changes in investment behavior have recently occurred for GameStop Corp. (NYSE: GME): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. GameStop has a very low Appreciation Score of 8 but a good Power Rating of 79, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 7/22/24, GameStop Corp. (NYSE: GME) stock increased 1.0%, closing at $25.22. However, trading volume in this advance was exceptionally low at 23% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.2% during the last week.
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