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Apr 05, 2019

GameStop (GME, $10.03) losing ground to cloud gaming

Shares of GameStop fell sharply on Wednesday after the company reported an estimate missing fourth quarter report and also issued a lower guidance for forthcoming year. In fact, it is now safe to say that 2018 was the worst year for the company who is now struggling to keep its physical stores relevant in the age of cloud gaming.

In line with its poor performance, analysts’ price target now ranges between $5 - $12, as more and more gaming moves to streaming and other online models has made the need of physical stores redundant.

Analysts cite a variety of reasons for the company’s sales decline. The major problem seems to be its shift to the market place that had some negative implications like declining hardware sales; continued declines in the usually profitable pre-owned games category; and too-slow growth in the collectibles segment.

The company’s expertise is also in question now: used games, and whether it remains relevant in a changing video gaming and distribution practices. Pre-owned game revenue dropped 21.3% on a y-o-y basis.

Overall, GameStop is now in a spot to justify its own existence.

Related Ticker: GME

GME in downward trend: price may decline as a result of having broken its higher Bollinger Band on May 13, 2024

GME broke above its upper Bollinger Band on May 13, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 43 similar instances where the stock broke above the upper band. In of the 43 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for GME moved out of overbought territory on May 16, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on May 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GME as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GME turned negative on May 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

GME moved above its 50-day moving average on May 02, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GME crossed bullishly above the 50-day moving average on May 07, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The 50-day moving average for GME moved above the 200-day moving average on May 24, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 165 cases where GME Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GME’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GME’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.740) is normal, around the industry mean (11.594). GME's P/E Ratio (599.500) is considerably higher than the industry average of (36.073). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.519). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (0.694) is also within normal values, averaging (89.086).

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Bath & Body Works (NYSE:BBWI), Five Below (NASDAQ:FIVE), RH (NYSE:RH), Advance Auto Parts (NYSE:AAP).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 8.24B. The market cap for tickers in the group ranges from 48 to 380.15B. HD holds the highest valuation in this group at 380.15B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was -2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 32%. WOOF experienced the highest price growth at 40%, while CZOOF experienced the biggest fall at -99%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was -42%. For the same stocks of the Industry, the average monthly volume growth was 193% and the average quarterly volume growth was 65%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 56
Price Growth Rating: 54
SMR Rating: 70
Profit Risk Rating: 77
Seasonality Score: 11 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a retaier of video game products and PC entertainment software

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
625 Westport Parkway
Phone
+1 817 424-2000
Employees
23500
Web
https://www.gamestop.com
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