GameStop Corp. (GME) is an interesting player in the Services space, with a focus on Electronics Stores. The stock has been active on the tape, currently trading at $15.80, down from yesterday’s close by -2.29%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
GameStop Corp. (GME) currently trades with a market capitalization of $1.57 Billion. That value represents a market adjusting for revenues that have been growing by 1.50 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $265.9 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.97 on a per share basis this quarter. Perhaps, that suggests something about why 3.67% of the outstanding share supply is held by institutional investors.
We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, GameStop Corp. recorded a 52-week high of $26.68. It is now trading 10.88% off that level. The stock is trading $17.95 its 50-day moving average by 2.15%. The stock carved out a 52-week low down at $15.10.
In recent action, GameStop Corp. (GME) has made a move of -11.04% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 35.42% with $98.80 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GME.