The GME stock slumps 10% in 3 months as core sales sink despite cost cuts, collectibles gains and strong cash reserves.
GME's U.S. profit rebound highlights Q1, but Europe slump and Canada exit keep pressure on recovery.
GameStop NYSE: GME CEO Ryan Cohen attempted to bring clarity to the market in a televised interview. He says the company isn't trying to be a Bitcoin repository and isn't following in the steps of Strategy NASDAQ: MSTR, which is good news.
Recently, Zacks.com users have been paying close attention to GameStop (GME). This makes it worthwhile to examine what the stock has in store.
GameStop's Ryan Cohen discusses turning the Nintendo Switch 2 'Staplegate' into a charitable win, the company's financial turnaround, and his views on Bitcoin.
Gamestop has transformed from a meme stock to a fundamentally stronger company with a refreshed balance sheet and reduced bankruptcy risk. The aggressive pivot into the trading card market, including PSA partnerships and card grading, is a high-margin, high-growth opportunity being overlooked by the market. Valuation based solely on collectibles suggests meaningful upside, with the segment trading at a discount to its growth and margin potential.
In the most recent trading session, GameStop (GME) closed at $23.68, indicating a +1.98% shift from the previous trading day.
GME's Q1 sales slide 16.9% as hardware and software declines highlight its fading physical retail focus.
GameStop (GME) reported earnings 30 days ago. What's next for the stock?
GameStop (GME) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
GME's collectibles sales surged 55% in the first quarter, offsetting gaming declines and fueling its shift into lifestyle retail.
GME's sharp cost cuts and efficiency push drive first-quarter profit despite a steep drop in hardware and software sales.