GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. The firm's stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX.
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With falling revenues and no published turnaround plan, GameStop is not a good long-term investment currently. GME stock primarily rises and falls in response to social media activity by meme stock investors, which may continue to create short-term opportunities.
As of 2024-07-14, the Intrinsic Value of GameStop Corp (GME) is 8.18 USD. This Gamestop valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 26.05 USD, the upside of GameStop Corp is -68.6%.
According to the latest long-term forecast, GameStop price will hit $45 by the end of 2024 and then $75 by the end of 2025. GameStop will rise to $80 within the year of 2026, $95 in 2027, $100 in 2028, $110 in 2029, $125 in 2030 and $150 in 2033.
Short squeeze is a term used to describe a phenomenon in financial markets where a sharp rise in the price of an asset forces traders who previously sold short to close out their positions. The strong buying pressure “squeezes” the short sellers out of the market.
What percentage of GameStop (GME) stock is held by retail investors? According to the latest TipRanks data, approximately 66.73% of GameStop (GME) stock is held by retail investors. Who owns the most shares of GameStop (GME)? Vanguard owns the most shares of GameStop (GME).
As of 2024-07-07, the Fair Value of GameStop Corp (GME) is 1.5 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 24.18 USD, the upside of GameStop Corp is -93.8%.
NEW YORK, June 13 (Reuters) - Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.
Key takeaways: GME's 2024 price prediction: Most analysts predict GameStop's stock to average around $13.77, with a high of $17.59 and a low of $9.95. One bullish forecast from Coincodex sets a target at $90 per stock before the year ends.
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