[Music] is it time to buy or sell GameStop stock in this video we are delving into the intricacies of GameStop our initial report was published on our website on Tuesday the 10th of September 2024 and now we are here to present an even more comprehensive analysis remember to subscribe hit the like button and turn on the notification Bell to stay informed about our latest analysis you certainly do not want to overlook any vital updates that could influence your Investments enhance your trading Decisions by utilizing our newly launched AI stock analysis tool powered by gp4 at stockinvest.us harness the power of AI and receive complimentary price predictions and in-depth analysis for anyone among 25,000 companies worldwide today Please be aware that this video is intended for informational purposes only and should not be construed as Financial advice since the 6th of September 2024 our system has ranked GameStop as a bu candidate assigning at a score of 1.01 now let's examine the Stock's performance during this time frame unfortunately the stock has not met expectations displaying a loss of 1.96% thus far this amounts to an average loss of 0.65% per day since it was designated as a buy candidate the stock currently resides in the midst of a very Broad and declining Trend in the short term indicating further declines within this trend the existing 3-month Trend indicates a potential decrease of approximately 16.28% over the next 3 months with possible returns ranging from a decline of 3124 to a decrease of 8.87% regarding the 12-month Trend it forecasts a change of 27.77% over the next year with potential returns varying between a decline of 21.47% and an increase of 185. 65% this suggests a price range of between $18 42 to $66.99 after one year our latest daily update for GameStop reveals that the stock price concluded at $23.45 on Tuesday following a decline of 3.3% the stock price experienced a drop of 3.3% on the last trading day which was Tuesday the 10th of September 2024 decreasing from $24.25 5 to $23.45 throughout the trading day the stock exhibited a fluctuation of 7.21% with a low at $23.3 and a high of $24.80 the price has seen a series of ups and downs during this period resulting in a 99.78% increase over the last 2 weeks additionally trading volume rose on the last day by 73 ,000 shares despite the declining prices which could serve as an early warning sign indicating a slight increase in Risk over the next few days in total 15 million shares were exchanged amounting to approximately $341 million5 looking back over the past 52 weeks the highest recorded stock price was $64 83 while the lowest was $9.95 currently the stock price stands 63.8 3% or $41.30 below the 52- we high and 95.1 4% or $459512 when the price soared to $483 GameStop's recent earnings report reveals a mixed bag of results that could sway investor sentiment the video game retailer posted a surprise profit of $14.8 million in the second quarter marking its first profitable second quarter in seven years and beating earnings per share estimates by 10 cents however this positive development comes on the heels of disappointing sales numbers as the company missed Revenue expectations amid a shift towards online purchasing in after hours trading the stock dipped by 1.4% indicating a cautious investor response to the overall results despite the profit GameStop's overall sales declined a trend that raises long-term sustainability concerns analysts warn that the company still faces significant headwinds with a perception of a flawed business model that may hinder future growth prospects although the temporary pop in profitability might excite some investors the challenges of maintaining this momentum and adapting to changing consumer behaviors could lead to increased volatility in the stock in the short term the surprise profit May create some optimism among Traders potentially driving a brief post earnings rally however skepticism May linger due to persistent issues highlighted in the broader market analysis thus investors should remain cautious as sentiment shifts rapidly in response to both earnings surprises and ongoing structural challenges analyst ratings on Friday the 17th of May 2024 it was reported that wed Bush assigned gme a rating of underperform with a recommendation to hold on Monday the 25th of March 2024 it was reported that wed Bush again assigned gme a rating of underperform with a recommendation to hold on Friday the 2nd of September 2022 Raymond James assigned gme a neutral rating with a recommendation to hold on Thursday the 18th of August 2022 wedbush gave gme a rating of underperform with a recommendation for a downgrade on Friday the 22nd of July 2022 wedbush again assigned gme a rating of underperform with a recommendation to hold analysts have assigned GameStop stock a general strong sell rating they categorize the price to earnings ratio as strong sell and The Price to Book ratio also as strong sell regarding return on investment analysts rate the stock as strong sell the following signals have been identified for GameStop the GameStop stock displays buy signals from both short and long-term moving averages suggesting a positive outlook for the stock additionally there is a general Buy Signal indicated by the relationship between the two averages where the short term average is positioned above the long-term average in the event of downward Corrections support is anticipated at the levels of $23.24 and $224 a drop below either of these levels would trigger sell signals a Buy Signal emerged from a pivot bottom point on Wednesday the 28th of August 2024 and the stock has since risen by approximately 17.84% further increases are expected until a new top pivot is established moreover a Buy Signal has been confirmed from the 3month moving average convergence Divergence or macd however some negative signals have also been noted which may impact the near-term development volume increased while prices fell yesterday possibly serving as an early warning indicating that the stock should be monitored more closely here are some other signals you might find interesting moving average convergence Divergence indicates a Buy Signal pivots showed a Buy Signal 9 days ago Ballinger revealed a Buy Signal 2 days ago the short-term moving average indicated a Buy Signal 9 days ago the long-term moving average showed a Buy Signal 4 days ago the relationship between the short and long moving averages indicated a Buy Signal 3 days ago if we examine the 12-month chart we observe the short moving average indicated a Buy Signal 8 days ago the long-term moving average showed a sell signal 6 days ago the relationship between the short and long moving averages indicated a Buy Signal 9 days ago remember to visit our page at stockinvest.us if you want to discover more signals let's discuss support risk and stop-loss levels for GameStop GameStop currently finds support from accumulated volume at $342 this level may present a buying opportunity as an upward reaction is expected when this support is tested the stock typically exhibits average daily movements and with a solid trading volume the associated risk is deemed medium over the past day the stock fluctuated by $167 which is a movement of 7.21% in the last week the stock has shown an average daily volatility of 7. 90% before we dive into the potential trading levels for GameStop let's quickly cover some essential fundamental data first the price to earnings ratio or PE ratio this crucial ratio measures a company's current share price relative to its earnings per share this extremely high PE ratio suggests that the stock could be overvalued however it is not uncommon for technology companies or those with significant Market potential potential to have such elevated ratios in other news the next earnings report for the third quarter of 2024 is expected on the 10th of September 2024 analysts consensus estimates are at a loss of 1 cent keep an eye on these figures as they can greatly influence stock prices now let's discuss some potential day trading levels for GameStop in the event of an upward Trend the first resistance level for GameStop is at $25.20 if you do not own any shares it may be wise to wait for this level to be surpassed before entering a position for those who already possess the stock this could serve as a consideration for swing trading on the downside GameStop faces its first support level at $234 if this support level remains intact it could present a favorable entry point anticipating a rebound the combined average rating for GameStop from multiple analyst sources is a strong sell now let's examine some recent Insider trades on the 8th of July 2024 Chang Lawrence executed an Insider purchase of 4,140 shares of class a common stock on the 1st of July 2024 Moore Daniel William executed an Insider purchase of 2,15 two shares of class a common stock on the 2nd of July 2024 Moore Daniel William executed an Insider sale of 403 shares of class a common stock on the 1st of July 2024 Moore Daniel William executed another Insider purchase of 4,897 shares of class a common stock on the 1st of July 2024 Robinson Mark hayon executed an Insider purchase of $1,000 751 shares of class a common stock based on the 100 most recent Insider trades we have determined that The Insider power is positive with a ratio of 43.3 overall insiders acquired 1 m74747 shares while selling 2,530 785 shares in the last 100 trades our recommended stop loss is set at $22.77 reflecting a decrease of 2.9% this stock experiences medium daily fluctuations indicating a medium level of risk a Buy Signal has emerged from a pivot bottom identified 65 days ago is GameStop stock a good buy several short-term indicators are looking positive even though the stock is current Curr in a declining Trend we believe that the present level may represent a buying opportunity as there is a reasonable chance for the stock to perform well in the near future after analyzing the volatility and movements from the last trading day our systems suggest that the current price is undervalued for trading on Wednesday the 11th of September we anticipate that GameStop will open at approximately 34 and begin trading at $23.79 cense it is important to remember that trading carries a significant risk of financial loss therefore it is advisable to consult with a financial adviser prior to making any decisions about buying or selling securities your investment choices should not be solely based on the information provided by stockinvest.us by utilizing this information you acknowledge and accept responsibility for your own investment decision this is our current view of the stock do you agree or disagree we invite you to comment below and share your thoughts what is your target for this stock remember to like And subscribe we wish you successful trading and hope you have a wonderful day from all of us here at stock 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