TRENDING KEYWORDS
GameStop (GME, $178.24) names Ryan Cohen as chairman
GameStop said Ryan Cohen will be named as chairman of the company's board. Cohen is the manager of activist investor RC Ventures.
Cohen, who is the founder of Chewy.com, invested in GameStop last year, and drove the company’s online sales business and shutter unprofitable stores in malls. He will be elected as company chairman and, be 100% compensated in GameStop equity alomg with other board members.
Chief Merchandising Officer Chris Homeister submitted his resignation from the business in late March. In February, Chief Financial Officer Jim Bell announced his resignation.
Last month, GameStop reported quarterly sales decline (the ninth in a row), and revenue of $2.122 billion that missed Wall Street forecasts. On April 5, it announced plans to sell up to 3.5 million shares and raise $600 million to finance its strategy shift.
Nevertheless, the company experienced a +175% growth in e-commerce sales over the first quarter.
GME in upward trend: price rose above 50-day moving average on May 26, 2022
GME moved above its 50-day Moving Average on May 26, 2022 date and that indicates a change from a downward trend to an upward trend. In 33 of 42 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 79%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a +0.67% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +30% Uptrend growth.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GME's RSI Oscillator exited the oversold zone, 23 of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 59%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 44 of 66 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 67%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on GME as a result. In 58 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for GME just turned positive on May 25, 2022. Looking at past instances where GME's MACD turned positive, the stock continued to rise in 31 of 44 cases over the following month. The odds of a continued upward trend are 70%.
Following a +44.09% 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%.
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 13 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 90%.
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%.
GME broke above its upper Bollinger Band on May 25, 2022. 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 May 23, 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.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1.87 to 1.
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 Tickeron SMR rating for this company is 39 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally 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 Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady 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 62 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
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 (6.120) is normal, around the industry mean (8.093). P/E Ratio (0.000) is within average values for comparable stocks, (27.917). GME's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.401). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.029). P/S Ratio (1.552) is also within normal values, averaging (31.210).
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 6.4B. The market cap for tickers in the group ranges from 48 to 301.7B. HD holds the highest valuation in this group at 301.7B. The lowest valued company is CALI at 48.
The average weekly price growth across all stocks in the Specialty Stores Industry was -1.05%. For the same Industry, the average monthly price growth was -10.94%, and the average quarterly price growth was -21.01%. CYYHF experienced the highest price growth at 43.87%, while ECXJ experienced the biggest fall at -48.89%.
- 5/18/22 5:18 AM: GameStop (GME, $100.38) was a top weekly gainer, with a +7.36% jump
- 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
The average weekly volume growth across all stocks in the Specialty Stores Industry was 1.49%. For the same stocks of the Industry, the average monthly volume growth was 81.72% and the average quarterly volume growth was 148.3%
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 MA50MA10 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 65%. During the last month, the daily ratio of advancing to declining volumes was 1.45 to 1.
2 stocks in the group of tickers exhibit a similar negative trend based on the BollingerBands indicator with an average likelihood of 90%.
The most notable companies in this group are Best Buy Company (NYSE:BBY), GameStop Corp (NYSE:GME).
The average market capitalization across the group is 5.8B. The market cap for tickers in the group ranges from 0 to 18.5B. BBY holds the highest valuation in this group at 18.5B. The lowest valued company is RHDGF at 0.
The average weekly price growth across all stocks in the group was 5.22%. For the same group, the average monthly price growth was -8.06%, and the average quarterly price growth was -34.12%. GME experienced the highest price growth at 29.51%, while GOED experienced the biggest fall at -8.12%.
- 5/24/22 7:00 AM: 1847 Goedeker (GOED, $1.41) is a top weekly loser for penny stocks, falling -15.57%
- 5/20/22 5:28 AM: Kaspien Holdings (KSPN, $3.78) is a top weekly gainer for penny stocks, rising +15.95%
- 5/18/22 5:18 AM: GameStop (GME, $100.38) was a top weekly gainer, with a +7.36% jump
The average weekly volume growth across all stocks in the group was 393.93%. For the same stocks of the group, the average monthly volume growth was 127.86% and the average quarterly volume growth was 228.55%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
