GameStop (GME, $134.93) shares dropped on Friday, on its CFO getting fired
GameStop shares slipped on Friday, after the video game retailer fired its CFO, Michael Recupero, amid reports of wider staffing cuts. This comes less than 24 hours of its announcing a four-for-one stock split.
According to a Securities & Exchange Commission filing, GameStop’s chief accounting officer, Diana Saadeh-Jajeh, will replace Recupero. Meanwhile, Axios reported that the company is set to lay off a large but undetermined number of staff.
GameStop is aiming to transition from depending on brick-and-mortar sales to enhancing its online presence. The group’s revenues for the three months ending in April climbed +8.1% year-over-year to $1.38 billion, with around half of that total generated by its digital channels.
The company reaffirmed it plans to launch a market for NFTs, or non-fungible tokens, related to its video game products, following a partnership earlier this year with Australian blockchain startup ImmutableX. According to GameStop, it booked $76.9 million in digital asset sales from the IMX collaboration.
GameStop is planning a four-for-one stock split, to take effect on July 22. Shareholders will receive a three-stock dividend for each share owned after the close of trading on July 21.
GME's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for GME turned positive on April 07, 2025. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 10, 2025. You may want to consider a long position or call options on GME as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
GME moved above its 50-day moving average on April 09, 2025 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 April 16, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 259 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for GME moved out of overbought territory on March 27, 2025. 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for GME moved below the 200-day moving average on April 07, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
GME broke above its upper Bollinger Band on March 26, 2025. 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 Aroon Indicator for GME entered a downward trend on March 24, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 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 73, 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 (10.798). GME's P/E Ratio (599.500) is considerably higher than the industry average of (35.784). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.738). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.694) is also within normal values, averaging (19.925).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.
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a retaier of video game products and PC entertainment software
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