GameStop (GME) Stock Price Technical Analysis

Through its physical storefronts and online sites, GameStop Corp. sells video games and other entertainment products. There are now 11,000 full-time people working for the corporation, which has its headquarters in Grapevine, Texas. On February 12, 2002, the business went public. The United States, Canada, Australia, and Europe are the four geographical regions through which the company conducts business. The business provides a selection of goods in a number of areas, including hardware and accessories, software, and collectibles. The firm sells brand-new and used gaming consoles from several PC and console manufacturers, including the Sony PlayStation 5, Microsoft Xbox Series X, and Nintendo Switch. Its attachments include memory cards, virtual reality gear, gaming headsets, and controllers. The business also offers a variety of digital downloads, including whole games, DLC, and in-game cash. Clothing, toys, trading cards, electronics, and other retail goods are included in its Collectibles section, along with its digital asset wallet and NFT marketplace operations. GameStop, EB Games, and Micromania are the names of its retail locations and online stores, respectively.

Price

GameStop Corp. stock finished at $ 23.17, valued at $ 7.06 billion on a total market cap basis (44 million shares outstanding). GME Corp. trades under the ticker GME on the New York Stock Exchange. The price of GME Corp. has increased by 0.39% over the last day. The current stock price forecast for GME Corp. is optimistic.

GameStop’s tokenized stock, FTX, has been displaying bearish characteristics over the past week as the price of the currency fell 17.17%. As a result, we anticipate a minor recovery within the upcoming week as investors seize the chance to buy GME during this period of weakness.

Notes

• In the previous year, GME’s earnings were negative.
• Over the previous year, GME generated a positive operating cash flow.
• GME has consistently reported a loss during the last five years.
• When compared to the rest of the industry, GME’s gross margin of 23.52% is on the low side. GME outperforms its competitors in its sector by 74.81%.
• The last couple of years have seen a drop in GME’s gross margin.
• Due to GME’s lack of availability, the Profit Margin and Operating Margin could not be examined.
• Over the previous year, the Earnings Per Share increased by an amazing 57.96%.
• When compared to the prior year, GME’s revenue has decreased. In the previous year, revenue fell by -5.34%.

Analysis

The price of GME tokenized stock, FTX, has dropped by 2.28% during the last 24 hours. GameStop’s tokenized stock, FTX, has struggled to gain traction over the last week, falling 17.17%. If you’re considering investing in the GameStop tokenized stock FTX, now may be a good time to do so as GME is displaying bearish indicators this week.

GME’s price declined 18.84% in the past 30 days, devaluing it by $3.62 from its prior value of $19.19. Due to the present decline, the GameStop tokenized stock FTX is currently seeing a fall. In the past three months, the price of GameStop’s tokenized stock, FTX, has decreased by 18.12%, losing $3.45 from its prior value of $19.02.

On DailyChart

• The Moving Averages Convergence Divergence (MACD) indicator for GameStop (GME) is -0.14, indicating that it is a Buy.
• With a share price of $23.17 and a 20-Day Exponential Moving Average of 23.64, GameStop (GME) is a Sell.
• With a share price of $23.17 and a 50-Day Exponential Moving Average of 23.23, GameStop (GME) is a Sell.

Weekly Table

• The Moving Averages Convergence Divergence (MACD) indicator for GameStop (GME) is 0.23, indicating that GameStop is a Sell.
• With a share price of $23.17 and a 20-Day Exponential Moving Average of 23.04, GameStop (GME) is a Buy.
• With a share price of $23.17 and a 50-day exponential moving average of 24.59, GameStop (GME) is a Sell.

Indicators

• Relative Strength Index (RSI) 50.04 for GameStop (GME) indicates a Neutral signal.
• The Trend Strength Indicator (ADX) for GME is 7.98, providing a Buy signal.
• The Commodity Channel Index (CCI) for GameStop (GME) is 38.05, producing a Neutral signal.
• The price rate of change (ROC) for GameStop (GME) is 3.58, generating a buy signal.

Prediction: By July 25, 2023, the value of GameStop shares will increase by 8.31% and reach $25.09 per share, based on our most recent GME stock forecast. Our technical indicators indicate that the current mood is Neutral, while the Fear & Greed Index is 39 (Fear). In the past 30 days, GME stock experienced 4.80% price volatility and 16/30 (53%) green days. Given that GME stock is currently trading 7.67% below our prediction, based on our projection for GameStop, this is an excellent opportunity to purchase GME stock.

2025 Stock Prediction for GameStop

The current value of the GME stock forecast for 2025 is $69.95, based on the assumption that the company’s shares will rise at the same average annual rate as they did over the previous ten years. The price of GME stock would grow by 201.92% as a result.

2030 Stock Prediction for GameStop

If GameStop’s stock continues to rise at its current 10-year average rate, it will reach $1,108.05 in 2030. If the GameStop stock forecast for 2030 comes true, the price of GME stock will increase by 4,682.32%.