GAMESTOP Expects to Report Poor Financial Performance for Q2 of FY2022

August 30, 2022

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GAMESTOP($NYSE:GME): The video game retailer GameStop is expected to report poor financial performance for the second quarter of its 2022 fiscal year. This is due to the company’s fundamental problems and its drastic overvaluation by investors and speculators. It is unclear how this will affect GameStop’s market and earnings in the long term. However, it is likely that the company will continue to struggle financially unless it can address its underlying problems.

Market Price

On Monday, GAMESTOP stock opened at $30.5 and closed at $31.6, up by 2.0% from the previous closing price of 30.9.

VI Analysis

The company’s fundamentals reflect its long term potential, and the VI app makes it easy to see how GAMESTOP stacks up. Based on the VI Star Chart, GAMESTOP is classified as an ‘elephant’. This means that it is a company that is rich in assets after deducting liabilities. Such a company is deemed to be less risky as the intrinsic value is pegged to its assets. GAMESTOP has an intermediate health score of 6/10, considering its cashflows and debt. This means that it is likely to safely ride out any crisis without the risk of bankruptcy. However, GAMESTOP is weak in terms of dividend and growth.


This news comes as the company struggles to compete against digital downloads and streaming services such as Netflix. GameStop has already closed some of its stores in recent years, and this poor performance is likely to lead to further closures. This could be bad news for gamers who enjoy visiting GameStop stores, as well as for the company’s employees. GameStop’s poor performance is also likely to impact its stock price, which could make it a less attractive investment for potential investors.

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