GameStop shares have gotten slammed in the last six months, amid a weak crop of new videogames and more signs that the challenges brought about by digital downloads are real. With shares trading near their 52-week low, Barron’s thinks it’s time to buy in. GameStop shares were up 1.5% on Monday afternoon, to $23.93 While traditional games make up the bulk of GameStop’s revenues, the company also has an array of unrelated businesses that have been doing well lately.
- Motley Fool•2 days ago
Nintendo recently delivered an in-depth look at its upcoming Switch video game console, and there are reasons the platform could be another disappointment for the company.
- Barrons.com•4 days ago
Predictions that it’s game over for GameStop seemed on the mark last week, when the retailer reported that same-store sales were down 18.7% over the Christmas season and that key videogames had failed to meet sales expectations. The Street has been quick to pounce on any weakness since GameStop (GME) cut its earnings guidance two months ago, to $3.73 a share from $3.97, for the fiscal year ending on Jan. 31. As Olson put it, “This quarter will prove to be a microcosm of the next several years for GameStop, an ongoing erosion of the core gaming business that is unable to be offset by strength of new segments.” But don’t toss out your game controllers yet.
GME : Summary for Gamestop Corporation Common Sto - Yahoo Finance
GameStop Corp. (GME)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||23.72 - 24.15|
|52 Week Range||20.10 - 33.72|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||6.40|
|Dividend & Yield||1.48 (6.28%)|
|1y Target Est||N/A|