GameStop Stock Buy or Sell? GME Stocks Forecast

Market Capitalization: 4 313 858 000 $
EBITDA: -12 400 000 $
Price to Earnings: None
Quarterly Earnings Growth YOY: 2.689
Quarterly Revenue Growth YOY: -0.091
Trailing PE: -
Forward PE: 36.76
Shares Outstanding: 305514000






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GameStop Stock Buy or Sell? GME Stocks Analytic Forecasts

Updated on February 24, 2024 (09:17)

GameStop Corp. (GME prediction charts) Sector: Consumer cyclical

We present you the most up-to-date and complete review of analytical trend forecasts and views on the GME stock market. Experts share their opinions on what to expect from the GameStop Corp. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell GameStop stocks.

GameStop Corp. Stock Market Experts’ Analysis and Forecasting – Sell or Buy GME Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Harrison Schwartz and is titled

“GameStop Slows The Bleeding, But Recovery Remains Unlikely”

is published on February 12 (2024) and has 0 likes. The review predicts Bearish market trend.

It summarize the following theses:

  • GameStop’s stock has lost 23% of its value since last May, but it remains popular among speculative traders and short-sellers.
  • The company has improved its balance sheet positively, potentially allowing it to transition to more effective business models.
  • GME’s outdated business model and declining sales challenge its long-term profitability and valuation.
  • As long as its working capital is stable, bankruptcy is very unlikely, but without a clear business model transition, a rebound appears even less likely.

The author starts his analytic review with the following:

Last May, I published “GameStop: 2-Year Life Expectancy, Without A Huge Business Turnaround,” which detailed my bearish view of the company GameStop (NYSE:GME). Since then, GME has lost an additional 23% of its value. It fell to about $12 per share before bouncing in its December short squeeze. The stock continues to be famous for speculative traders, hoping it will rebound to its past heights. However, it is also a significant target for short-sellers, particularly hedge funds, which look to the company’s inability to adapt to a changing gaming market.

This author is very popular among the auditory. He has 15203 followers

Harrison Schwartz is the contributor of experts community since 2018 and has a great number of published articles – 957.


One more noteworthy article is written by The Gaming Dividend under the title

“GameStop: Meme Hype Delayed The Inevitable”

on February 2 (2024) and has 0 likes. The expert reflects trend of the market.

Нis theses make you think about whether to add GME stocks to your investment portfolio or not, and helps to work out your own GameStop stock selling strategies:

  • GameStop’s poor performance and inability to adapt to industry changes make it a risky investment, with a downside risk of 26.21%.
  • The company’s sales have declined across all segments, and its outdated business model hinders its ability to compete with online platforms and subscription services.
  • GameStop’s attempts to cut costs and enter the NFT space have not been successful in terms of driving growth, as sales in all segments remain down.

The Gaming Dividend starts analysis with such words:

Overview As someone who’s an avid gamer, it breaks my heart to have this stance on GameStop (NYSE:GME). This analysis is inspired by the Dumb Money movie that just landed on Netflix (NFLX). In the movie, it made Roaring Kitty (the main character) seem like some kind of genius for taking a large bet on the company. The movie hinted that the main character saw some kind of opportunity that Wallstreet missed when in reality, it was a poor decision that simply gained a large amount of hype due to the compelling narrative in my opinion. This is what led me to this analysis and what helped me see for myself just how poor of an investment GME is at these levels, in my opinion.

The Gaming Dividend has already 1253 followers, which shows, he is the one who cares for his words.
The contributor of experts community since 2023. Has published at least 88 articles.


Another analysis presented by Geoffrey Seiler came out on January 8 (2024). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for GME stocks. It sounds like

“GameStop: Looking To Be An Investment Fund?”

Article has got 0 likes at the moment and forecasting Bearish trend of the market.

Summarizing the information presented in the review concerning the GameStop Corp., the expert says the following:

  • GameStop reported nearly breakeven earnings in Q3 after slashing costs, showing improvement under new CEO Ryan Cohen.
  • Meanwhile, the board gave Cohen the ability to invest the company’s cash in public and private market securities, setting up GME as an investment vehicle for the meme investor.
  • Turning GME into a thriving business seems unlikely, though, and Cohen will need to use GME’s cash to transform the company.

And here, what comes first:

In April, I started coverage of GameStop (NYSE:GME) with a “Sell” rating, saying there was a secular shift away from physical video games and the stock looked overvalued. More recently, in October, I said the company wouldn’t be able to cut its way to success. Let’s catch up on the name.

The opinion of the author can be considered quite authoritative.
The number of 3353 followers confirms this.
Geoffrey Seiler is the contributor of experts community since 2023. Has already 449 analytic reviews published.


The Share Price of GameStop Corp. (GME) for now

What analysts predict: $8.92
52-week high/low: $27.65 / $11.82

50/200 Day Moving Average: $15.46 / $18.08

The average stock price over the previous 50/200 days. For GameStop stocks, the 50-day moving average is the resistance level for now. For GME stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for GME stock with charts and tables

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