GameStop Corp (NYSE:GME) The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 110.00, with a high estimate of 121.40 and a low estimate of 30.00 The median estimate represents a -19.41% decrease from the last price of 136.49.
Is GME expected to rise again?
GameStop Forecast Revenue Growth Analysts estimate an earnings increase this quarter of $0.30 per share, a decrease next quarter of $1.07 per share, an increase this year of $0.41 per share, and an increase next year of $0.53 per share.
Will GME go up again?
GME shares nearly doubled to over $300 in four weeks. Fundamentally, little more than a mixed-bag earnings report delivered last week justifies the March 2022 bullishness. It certainly “smells” like another meme-style move higher, which could still be great news for GME investors.
Is GameStop a buy or sell?
GameStop has received a consensus rating of Reduce The company’s average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 2 sell ratings.
How does short squeeze Work?
A short squeeze accelerates a stock’s price rise as short sellers bail out to cut their losses contrarian investors try to anticipate a short squeeze and buy stocks that demonstrate a strong short interest. Both short sellers and contrarians make risky moves.
What percent of GameStop is shorted?
GameStop’s short interest is currently at 21% of its float, with about 14.13 million shares being shorted.
Is GameStop over shorted?
GameStop continues to be a strongly shorted stock , with short interest levels exceeding 20% of its rather modest float of 63 million shares – AMC, for example, has a float of 513 million units.
How many GME shares are Drs?
More recent data from May are not yet official, but GameStop’s shareholders estimate on Reddit that the number of shares locked up through DRS already exceeds 14 million shares.
Is GameStop stock overvalued?
GameStop’s stock is substantially overvalued at current trading levels based on any reasonable assessment of business value.
Is GameStop stock undervalued?
The Verdict: At today’s price, GameStop stock appears to be extremely overvalued based on a sampling of common fundamental valuation metrics.
Is GME stock a good buy?
Gamestop (GME) stock is likely to decline after the current overheated rally. The stock can still be profitable in the long term if revenue growth stays consistent. But investors should avoid buying GME stock due to the high short-term risk.
How high can a short squeeze go?
If you short a stock at $10, it can’t go lower than zero, so you can’t make more than $10 per share on the trade. But there’s no ceiling on the stock. You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
Is AMC stock a good buy?
Folks are spending more on concessions, and AMC is gaining market share in its industry. The number of AMC shares outstanding has grown fivefold since 2019, and it’s trading well above pre-pandemic levels.
Citations
https://finance.yahoo.com/quote/GME/
https://www.investing.com/equities/gamestop-corp-chart
