The Gamestop Corp stock price is determined by many factors, including the company’s financial performance, gaming industry trends, and overall market conditions. Investors can buy Gamestop Corp stock through a broker or online trading platform.
Factors that can affect the Gamestop Corp stock price include the following:
-The company’s financial performance: Gamestop Corp is a publicly traded company, and its stock price is influenced by the company’s financial stability and profitability. If Gamestop Corp reports strong quarterly results, for example, its stock price is likely to rise. Similarly, if the company misses earnings estimates or issues disappointing guidance, its stock price is likely to fall.
-Gaming industry trends: The video game industry is constantly evolving, and Gamestop Corp must stay ahead of the curve to maintain its competitive advantage. Changing consumer preferences, new technology, and shifts in the overall economy can all impact the demand for Gamestop’s products and services, which in turn can affect the company’s stock price.
Gamestop Corp is an American video game and entertainment software retailer, with more than 2,000 stores across the United States. The company offers a variety of gaming devices and games for purchase or rent from its retail locations and online store. The company was founded in 1994 and is headquartered in Grapevine, Texas. Gamestop Corp operates as a subsidiary of GameStop, Inc.
As of February 23, 2018, Gamestop Corp’s stock price was $14.15 per share
1. Company Overview
Gamestop Corp is a publicly traded company on the Nasdaq Global Select Market with the ticker symbol GME. The company operates more than 2,000 retail stores across the United States under the Gamestop, EB Games, and ThinkGeek banners. The company offers a variety of gaming devices and games for purchase or rent from its retail locations and online store. In addition, Gamestop Corp provides gaming devices and games trade-in services. The company was founded in 1994 and is headquartered in Grapevine, Texas. Gamestop Corp operates as a subsidiary of GameStop, Inc.
As of February 23, 2018, Gamestop Corp’s stock price was $14.15 per share.
2. Financial Overview
For the fiscal year ended January 28, 2018, Gamestop Corp’s net sales totaled $8.56 billion, a decrease of 1% from the previous fiscal year. The company’s net income for the fiscal year was $229.3 million, or $2.92 per share, compared to a net loss of $673.1 million, or $8.62 per share, in the previous fiscal year.
Gamestop Corp’s gross profit for the fiscal year was $2.65 billion, or 31% of net sales, compared to $2.67 billion, or 31.1% of net sales, in the previous fiscal year. The company’s operating income for the fiscal year was $561.6 million, compared to an operating loss of $391.4 million in the previous fiscal year.
3. Key Developments
In March 2018, Gamestop Corp announced that it would be closing 150 stores worldwide due to increased competition from digital downloads and streaming services such as Netflix (NFLX) . In February 2018, Gamestop Corp announced that it had partnered with Microsoft (MSFT) to open more than 100 Gamestop locations inside select Microsoft Stores across the United States.
4. Competition
Gamestop Corp competes with retailers such as Best Buy (BBY) , Amazon.com (AMZN) , and Walmart (WMT) . The company also competes with digital download and streaming services such as Netflix (NFLX) .
5. Stock Price Analysis
Gamestop Corp’s stock price has been on a decline in recent years, falling from a high of $41.75 per share in 2013 to a low of $13.01 per share in 2016. The stock has recovered somewhat since then, but is still down significantly from its highs. The company’s stock price is down 48% from its five-year high and down 20% from its one-year high.
why did gamestop stock rise
There are a few reasons for why Gamestop’s stock prices rose in the past year. One reason is that the video game industry, as a whole, is growing. This means that more people are buying video games and gaming consoles, which is good news for retailers like Gamestop.
Another reason is that Gamestop has been working on improving its online presence and offerings. This has helped them to better compete against digital downloads and streaming services such as Netflix.
Finally, Gamestop has been partnering with Microsoft to open more than 100 Gamestop locations inside select Microsoft Stores across the United States. This partnership has helped to raise awareness of Gamestop and its products, which has in turn helped to boost sales.
