GameStop (GME, $141.01)shares climb, as chairman stake rises to 9.1 million
GameStop shares surged higher in pre-market trading, after it was revealed that an investment group led by chairman Ryan Cohen made a purchase of around 100,000 shares in the video game retailer.
A Securities and Exchange Commission filings showed that Cohen's RC Ventures LLC now has ownership of around 9.1 million GameStop shares, which implies a 11.9% stake in the group.
GameStop posted a loss of $1.86 per share for its fiscal fourth quarter last week, which wasand managed to record negative free cash flow of $131.6 million even as revenues rose 6.2% to $2.25 billion.
The company said that it plans to develop a market for NFTs, or non-fungible tokens, related to its video game products, following a partnership with Australian blockchain startup ImmutableX last month. It plans to launch its NFT marketplace by the second quarter of the current fiscal year.
GME sees MACD Histogram crosses below signal line
GME saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 08, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In 40 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 89%.
Throughout the month of 04/12/22 - 05/13/22, the price experienced a -32% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -14%.
The Momentum Indicator moved below the 0 level on April 08, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on GME as a result. In 69 of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 84%.
GME moved below its 50-day Moving Average on April 26, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for GME crossed bearishly below the 50-day moving average on May 04, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 71%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
The Aroon Indicator for GME entered a downward trend on May 13, 2022. 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GME's RSI Indicator exited the oversold zone, 24 of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 62%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 15 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.
Following a +20.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in 197 of 283 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
GME may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 48%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.13.
The Tickeron Valuation Rating of 93 (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 (4.686) is normal, around the industry mean (8.199). P/E Ratio (0.000) is within average values for comparable stocks, (25.644). GME's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.446). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.028). P/S Ratio (1.188) is also within normal values, averaging (31.265).
The Tickeron Price Growth Rating for this company is 90 (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 70 (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 76, placing this stock better than average.
The Tickeron SMR rating for this company is 31 (best 1 - 100 worst), indicating very strong sales and a profitable 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 PE Growth Rating for this company is 1 (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 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.
The average market capitalization across the Specialty Stores Industry is 6.6B. The market cap for tickers in the group ranges from 48 to 305.9B. HD holds the highest valuation in this group at 305.9B. The lowest valued company is CALI at 48.
The average weekly price growth across all stocks in the Specialty Stores Industry was -1.63%. For the same Industry, the average monthly price growth was -8.96%, and the average quarterly price growth was -19.46%. MSSV experienced the highest price growth at 89.26%, while PRTY experienced the biggest fall at -54.25%.
- 4/22/22 6:40 AM: GameStop (GME, $141.56) was a top loser this week, declining -6.11%
- 4/12/22 7:12 AM: GameStop (GME, $146.93) was a top loser this week, declining -13.94%. Expect a Downtrend reversal
- 4/5/22 5:39 AM: GameStop (GME, $170.73) was a top loser this week, declining -9.95%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the Specialty Stores Industry was 46.47%. For the same stocks of the Industry, the average monthly volume growth was 54.26% and the average quarterly volume growth was 28.14%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 39%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.1.
58 stocks in the group of tickers confirmed the negative outlook based on the TrendWeek indicator with average odds of 76%.
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), Advance Auto Parts (NYSE:AAP), Bath & Body Works (NYSE:BBWI), Five Below (NASDAQ:FIVE), GameStop Corp (NYSE:GME).
The average market capitalization across the group is 8.4B. The market cap for tickers in the group ranges from 1.1M to 305.9B. HD holds the highest valuation in this group at 305.9B. The lowest valued company is MSSV at 1.1M.
- 2/23/22 5:33 AM: Home Depot (HD, $316.17), market cap dropped by $32.1B
The average weekly price growth across all stocks in the group was -3.14%. For the same group, the average monthly price growth was -11.24%, and the average quarterly price growth was -29.19%. MSSV experienced the highest price growth at 89.26%, while PRTY experienced the biggest fall at -54.25%.
- 5/14/22 4:23 AM: Vroom (VRM, $1.6) is a top weekly gainer for penny stocks, rising +18.52%
- 5/14/22 4:22 AM: JD Sports Fashion (JDSPY, $1.68) was a top weekly gainer, with a +21.74% jump
- 5/12/22 5:38 AM: Jiuzi Holdings (JZXN, $1) is a top weekly loser for penny stocks, falling -25.93%
The average weekly volume growth across all stocks in the group was 125.9%. For the same stocks of the group, the average monthly volume growth was 176.28% and the average quarterly volume growth was 169.24%
- 5/14/22 4:17 AM: The volume for Vroom stock increased for three consecutive days, resulting in a record-breaking daily growth of 191% of the 65-Day Volume Moving Average
- 5/12/22 5:33 AM: The volume for Vroom stock increased for one day, resulting in a record-breaking daily growth of 283% of the 65-Day Volume Moving Average
- 5/11/22 7:40 AM: The volume for Party City Hold stock increased for one day, resulting in a record-breaking daily growth of 321% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows