GameStop Corp. Cl A Shares Inch Up 0.24% on Grim Trading Day for Stock Market
August 9, 2023
🌧️Trending News
GAMESTOP ($NYSE:GME): GameStop Corp. Cl A’s shares rose 0.24% to $20.98 on Friday, despite the gloomy trading day for the stock market. GameStop Corp. is a global retailer of video games, consumer electronics, and related merchandise and services. GameStop also offers collectibles, consumer electronics, and a variety of other entertainment products. The company has taken steps to expand its reach in recent years, such as launching an e-commerce website and introducing a new loyalty program.
Additionally, the company has focused on adapting to changes in the gaming industry by focusing on digital gaming and developing new services such as game streaming.
Analysis
GoodWhale has conducted an analysis of GAMESTOP CORP‘s wellbeing and found it to be a strong company in terms of its assets. Our Star Chart shows that GAMESTOP CORP is rated as having medium profitability and weak dividend growth. After deducting off liabilities, we have classified it as an ‘elephant’, a type of company that is rich in assets. Given GAMESTOP CORP’s characteristics, we believe that this company would be of interest to value and income investors who are looking for companies with strong assets and strong cashflows. GAMESTOP CORP has a high health score of 7/10, which indicates that it is capable of sustaining future operations even in times of crisis. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gamestop Corp. More…
| Total Revenues | Net Income | Net Margin |
| 5.79k | -205.7 | -3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gamestop Corp. More…
| Operations | Investing | Financing |
| 309.4 | -295.5 | -9.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gamestop Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.07k | 1.8k | 4.17 |
Key Ratios Snapshot
Some of the financial key ratios for Gamestop Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | -21.7% | -3.7% |
| FCF Margin | ROE | ROA |
| 4.4% | -10.3% | -4.3% |
Peers
The company offers a variety of gaming devices and games for purchase or rent from its retail locations and online store. GameStop Corp competes with Amazon.com Inc, ContextLogic Inc, and RH in the retail sale of video games and gaming devices.
– Amazon.com Inc ($NASDAQ:AMZN)
Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Four companies in the U.S. information technology industry, along with Google, Apple, and Microsoft. Amazon is known for its disruptive innovation and commitment to customer service.
Its market cap is 1.05T as of 2022 and its ROE is 6.29%. Amazon has been one of the most successful companies in terms of market cap and ROE. It is a technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is known for its disruptive innovation and commitment to customer service.
– ContextLogic Inc ($NASDAQ:WISH)
Logic Inc is a publicly traded company with a market capitalization of $483.87 million as of 2022. The company has a return on equity of -24.36%. Logic Inc is engaged in the business of providing software and services to businesses and government organizations. The company’s products and services include enterprise resource planning, customer relationship management, business intelligence, and analytics.
– RH ($NYSE:RH)
Reebok International Ltd. is a footwear and apparel company that operates in the global market. The company designs, manufactures, and markets sportswear, footwear, and equipment under the Reebok, CCM, and Rockport brands. As of 2022, Reebok had a market capitalization of 6.06 billion dollars and a return on equity of 35.86%. The company’s products are sold in more than 170 countries and territories through a network of company-owned stores, independent retailers, and distributors.
Summary
Investing in GameStop Corp. Cl A can be an attractive option for investors. On Friday, the stock closed 0.24% higher at $20.98, demonstrating positive momentum in the market. Analysts have generally been bullish on GameStop Corp., citing its strong competitive position in the gaming market, increasing digital sales, and a potential dividend increase.
However, investors should also consider potential risks such as potential competition from digital stores, declining sales in physical stores, and a heavy reliance on its gaming product lineup. Ultimately, investors should assess all elements before making a decision to invest in GameStop Corp.
Related Posts
Recent Posts
