How to buy GameStop shares

Own GameStop shares in just a few minutes.

Updated . What changed?

Fact checked
Picture not described

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Shares of GameStop and other heavily shorted stocks have skyrocketed over the last week as users of the Reddit board Wallstreetbets began hyping them and lambasting hedge funds that have shorted them.

This has seen GameStop's stock surge this year from about US$17 a share to more than US$300. A seemingly supportive tweet from Elon Musk apparently drove the after-hours action on Tuesday, CNBC and others reported.

GME's stock price has since plunged by as much as 60% from its peak, trading at around $90 as of Thursday.

The situation has caused extreme 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 have suspended or restricted trading on GameStop shares, citing liquidity issues. Read on to find out which platforms are offering GME trades.

GameStop Corp (GME) is a leading specialty retail business with stocks listed in the US. It opened the day at US$117.49 after a previous close of US$109.15. During the day the price has varied from a low of USD86 to a high of USD142.9. The latest price was USD101.85 (25 minute delay). GameStop is listed on the NYSE. All prices are listed in US Dollars.

How to buy shares in GameStop

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Decide on how many to buy. At last close price of US$108.73, 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.
  6. 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.

Which platforms can you trade GME with?

After shares in a number of companies including GameStop (GME) were sent soaring Wednesday, some share trading platforms barred or restricted trades on stocks including GameStop, BlackBerry, AMC, and Nokia due to "liquidity" reasons.

As of 29 January 2:28pm, the following brokers told Finder that GME is available for Australians to trade:

As of 1 February 9:30am, IG is no longer accepting trade orders for GameStop or AMC Entertainment. We're tracking the latest information on our GameStop and AMC Australian broker update guide.

Bearing in mind this may not be the full list and these brokers could suspend trades again at any time. We'll try to keep this list updated as more information arrives.

Please note that this status could be updated at any time thanks to the unprecedented market conditions.

GameStop share price

Use our graph to track the performance of GME stocks over time.

GameStop shares at a glance

Information last updated 2021-02-26.
OpenUS$117.49
HighUS$142.9
LowUS$86
CloseUS$101.85
Previous closeUS$109.15
Change US$-7.3
Change % -6.688%
Volume 90,226,655
Information last updated 2021-02-23.
52-week rangeUS$2.57 - US$483
50-day moving average US$74.2726
200-day moving average US$26.9682
Target priceUS$13.44
PE ratio N/A
Dividend yield US$0 (0%)
Earnings per share (TTM) US$-10.664

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data updated regularly
Name Product Standard brokerage for US shares Inactivity fee Currency conversion fee Markets
eToro Share Trading (US stocks)
USD 0
USD 10 per month if there’s been no login for 12 months
0.50%
Forex, CFDs, US shares
Zero brokerage share trading on US stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and forex from the one account.
CMC Markets Stockbroking
USD 0
No
0.60%
ASX shares, Global shares, Forex, CFDs, Options trading, mFunds, ETFs, Warrants
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
IG Share Trading
Finder Award
IG Share Trading
USD 0
AUD 50 per quarter if you make fewer than three trades in that period
0.70%
ASX shares, Global shares, Forex, CFDs, Margin trading
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Note: $10,000 deposit required to open account.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
loading

Compare up to 4 providers

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

Historical closes compared with the close of $101.85 on 2021-02-25

1 week (2021-02-19) 150.92%
1 month (2021-01-26) -31.17%
3 months (2020-11-25) 590.51%
6 months (2020-08-26) 1,893.15%
1 year (2020-02-26) 2,904.42%
2 years (2019-02-26) 775.00%
3 years (2018-02-26) 533.40%
5 years (2016-02-26) 233.50%

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

GameStop's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$111.3 million (£0.0 million).

The EBITDA is a measure of a GameStop's overall financial performance and is widely used to measure a its profitability.

GameStop financials

Revenue TTM US$5.2 billion
Gross profit TTM US$1.9 billion
Return on assets TTM -4.71%
Return on equity TTM -56.88%
Profit margin -5.32%
Book value 5.095
Market capitalisation US$3 billion

TTM: trailing 12 months

Shorting GameStop shares

There are currently 21.4 million GameStop shares held short by investors – that's known as GameStop's "short interest". This figure is 69.9% down from 71.2 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 57.9 million). GameStop's SIR currently stands at 0.37. In other words for every 100,000 GameStop shares traded daily on the market, roughly 370 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 0.31% of the outstanding shares (for every 100,000 GameStop shares in existence, roughly 310 shares are currently held short) or 0.7846% of the tradable shares (for every 100,000 tradable GameStop shares, roughly 785 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 19 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$2.57 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 -1.9472. 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 overview

GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, including 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 prepaid 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 February 1, 2020, the company operated 5,509 stores across 14 countries. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site