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Mar 05, 2019

GameStop (GME, $12.02) announces $300 million share buyback; shares climb +4% in pre-market trade

GameStop said it wants to buy back $300 million of its stock. The news sent its shares surging more than +4% in re-market trading Tuesday.

The video game and electronics retailer’s latest share repurchase program would replace the previous program that had $170 million remaining. The company also plans to buy back $350 million debt (due in October).

The company also announced a quarterly cash dividend of 38 cents a share, payable on March 29.

GameStop executive chairman Dan DeMatteo indicated that the company is making continued progress on strategic and financial review. He feels that these processes are critical towards optimizing the firm’s capital structure and adding value to its shareholders.

Related Ticker: GME

GME's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for GME turned positive on February 27, 2024. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 71 cases where GME's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 260 cases, the price rose further within the following month. The odds of a continued upward trend are .

GME may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GME as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

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 .

The Aroon Indicator for GME entered a downward trend on February 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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 seriously 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 slightly worse than average price growth. GME’s price grows at a lower 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 75, placing this stock worse 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 (3.438) is normal, around the industry mean (9.014). P/E Ratio (0.000) is within average values for comparable stocks, (29.712). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.932). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (0.759) is also within normal values, averaging (84.141).

Notable companies

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

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 7.65B. The market cap for tickers in the group ranges from 48 to 373.78B. HD holds the highest valuation in this group at 373.78B. 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 3%. For the same Industry, the average monthly price growth was 31%, and the average quarterly price growth was 40%. GHST experienced the highest price growth at 87%, while RLAB experienced the biggest fall at -36%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was 5%. For the same stocks of the Industry, the average monthly volume growth was 55% and the average quarterly volume growth was 24%

Fundamental Analysis Ratings

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

Valuation Rating: 49
P/E Growth Rating: 53
Price Growth Rating: 52
SMR Rating: 67
Profit Risk Rating: 75
Seasonality Score: -38 (-100 ... +100)
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GMEDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

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
31500
Web
https://www.gamestop.com
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GME and

Correlation & Price change

A.I.dvisor indicates that over the last year, GME has been loosely correlated with CPRT. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if GME jumps, then CPRT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GME
1D Price
Change %
GME100%
+3.87%
CPRT - GME
45%
Loosely correlated
+0.82%
CONN - GME
39%
Loosely correlated
+0.25%
HNST - GME
39%
Loosely correlated
N/A
BBY - GME
38%
Loosely correlated
+3.41%
KAR - GME
37%
Loosely correlated
+0.94%
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