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Shares of GameStop (GME) and other heavily shorted stocks skyrocketed in late January after Reddit users began hyping them and lambasting hedge funds that had shorted them.
That saw seen GameStop's stock surge this year from about US$17 a share to more than US$300. In late May, shares in GME and other so-called "meme-stocks" such as AMC Entertainment began rallying once more.
The situation has resulted in volatility, so it's important to note that the prices may continue to rise or may suddenly fall sharply. It also pays to be aware that some share trading platforms suspended or restricted trading on GameStop shares earlier in the year and may do so again.
GameStop Corp (GME) is a leading specialty retail business with stocks listed in the US. It opened the day at US$222.35 after a previous close of US$220.39. During the day the price has varied from a low of USD206.13 to a high of USD241.13. The latest price was USD233.34 (25 minute delay). GameStop is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in GameStop
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for GameStop. Find the share by name or ticker symbol: GME. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until GameStop reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$248.36, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of GameStop, depending on your broker.
- Check in on your investment. Congratulations, you own a part of GameStop. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- GameStop key stats
- Compare share trading platforms
- Is GameStop stock a buy or sell?
- GameStop performance over time
- Can I short GameStop shares?
- Are GameStop shares over-valued?
- GameStop's financials
- How volatile are GameStop shares?
- Does GameStop pay a dividend?
- Have GameStop shares ever split?
- Other common questions
GameStop share priceUse our graph to track the performance of GME stocks over time.
GameStop shares at a glance
|52-week range||US$3.77 - US$483|
|50-day moving average||US$194.448|
|200-day moving average||US$122.0649|
|Dividend yield||US$0 (0%)|
|Earnings per share (TTM)||US$-10.664|
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Is it a good time to buy GameStop stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
GameStop price performance over time
|1 month (2021-05-12)||61.16%|
|3 months (2021-03-12)||-11.78%|
|6 months (2020-12-11)||1,653.12%|
|1 year (2020-06-12)||4,843.64%|
|2 years (2019-06-12)||4,142.55%|
|3 years (2018-06-12)||1,560.78%|
|5 years (2016-06-10)||779.53%|
Is GameStop under- or over-valued?
Valuing GameStop stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of GameStop's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
GameStop's PEG ratio
GameStop's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.86. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into GameStop's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
GameStop's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$111.3 million.
The EBITDA is a measure of a GameStop's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$5.1 billion|
|Gross profit TTM||US$1.3 billion|
|Return on assets TTM||-5.89%|
|Return on equity TTM||-40.95%|
|Market capitalisation||US$17 billion|
TTM: trailing 12 months
Shorting GameStop shares
There are currently 12.0 million GameStop shares held short by investors – that's known as GameStop's "short interest". This figure is 1.3% up from 11.8 million last month.
There are a few different ways that this level of interest in shorting GameStop shares can be evaluated.
GameStop's "short interest ratio" (SIR)
GameStop's "short interest ratio" (SIR) is the quantity of GameStop shares currently shorted divided by the average quantity of GameStop shares traded daily (recently around 6.5 million). GameStop's SIR currently stands at 1.83. In other words for every 100,000 GameStop shares traded daily on the market, roughly 1830 shares are currently held short.
However GameStop's short interest can also be evaluated against the total number of GameStop shares, or, against the total number of tradable GameStop shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case GameStop's short interest could be expressed as 0.17% of the outstanding shares (for every 100,000 GameStop shares in existence, roughly 170 shares are currently held short) or 0.2934% of the tradable shares (for every 100,000 tradable GameStop shares, roughly 293 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against GameStop.
Find out more about how you can short GameStop stock.
GameStop share dividends
We're not expecting GameStop to pay a dividend over the next 12 months.
Have GameStop's shares ever split?
GameStop's shares were split on a 2:1 basis on 18 March 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your GameStop shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for GameStop shares which in turn could have impacted GameStop's share price.
GameStop share price volatility
Over the last 12 months, GameStop's shares have ranged in value from as little as US$3.77 up to US$483. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while GameStop's is -1.9348. This would suggest that GameStop's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, GameStop has bucked the trend.
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and subscription cards. It also sells collectibles comprising licensed merchandise primarily related to the video game, television, and movie industries, as well as pop culture themes. The company operates its stores and e-commerce sites under the GameStop, EB Games, and Micromania brands; and collectibles stores under the Zing Pop Culture and ThinkGeek brand, as well as offers Game Informer, a print and digital video game publication featuring reviews of new title releases, game tips, and news regarding the video game industry. As of January 30, 2021, it operated 4,816 stores. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.
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