遊戲驛站 (NYSE:GME) 股票價格上漲 4.1% - 這是發生了什麼
GameStop Corp. (NYSE:GME) saw its stock price increase by 4.1% during trading, reaching a high of $21.55 before closing at $21.97. Despite this rise, trading volume was significantly lower than average, with about 2 million shares traded. The company reported earnings of $0.30 per share, surpassing estimates, but revenue fell short of expectations at $1.28 billion. Analysts have mixed ratings on the stock, with some upgrading it from 'sell' to 'hold'. Institutional investors hold 29.21% of GameStop's shares.
GameStop Corp. (NYSE:GME - Get Free Report)'s stock price rose 4.1% during trading on Friday . The company traded as high as $21.55 and last traded at $21.97. Approximately 2,006,746 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 20,024,398 shares. The stock had previously closed at $21.10.
Analyst Ratings Changes
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Several brokerages have issued reports on GME. Wedbush set a $11.50 price objective on GameStop in a research note on Wednesday, March 26th. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th.
Read Our Latest Report on GME
GameStop Trading Up 6.7 %
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The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 124.57 and a beta of -0.29. The business has a 50-day moving average price of $24.92 and a two-hundred day moving average price of $25.67.
GameStop (NYSE:GME - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.21. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.48 billion. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The firm's quarterly revenue was down 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. On average, equities research analysts predict that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On GameStop
- Maybe It’s Time to Buy Some GameStop Stock
Several large investors have recently made changes to their positions in GME. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in GameStop by 223.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after buying an additional 684 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of GameStop in the fourth quarter worth $37,000. R Squared Ltd acquired a new position in shares of GameStop during the fourth quarter valued at $51,000. Bessemer Group Inc. raised its stake in shares of GameStop by 67.2% during the fourth quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after purchasing an additional 691 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in GameStop by 59.9% in the fourth quarter. UMB Bank n.a. now owns 1,820 shares of the company's stock worth $57,000 after purchasing an additional 682 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.
About GameStop
(Get Free Report)GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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