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.
The class-action lawsuit, filed by Alejandro Aldana and Scott Gallie, accused GameStop of sharing customers' personal information without their consent.
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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.
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
GameStop's stock dropped after announcing a miss on Q1 revenue and $2.25B in interest-free convertible notes. Its cash and Bitcoin holdings remain substantial. Despite trading at a large premium to net asset value, I see GME's brand as a unique intangible asset for a potential crypto-driven business transformation. Other companies leveraging crypto treasuries have attracted significant NAV premiums; GME could do the same by partnering with crypto industry leaders and content creators.
Video game retailer GameStop's (GME) business has been struggling for years, as more of the gaming market continues to shift to digital downloads. However, the stock was the subject of massive investor attention during the meme stock frenzy of 2020 and 2021, with a renewed spike in interest last year -- during which the company raised quite a bit of capital.
Conflicting investor sentiment, GameStop (GME) and United Natural Foods (UNFI) were able to blast their quarterly earnings expectations this week but have seen their stocks drop over 20% and 15%, respectively.