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How to buy GameStop (GME) shares in Australia

Learn how to easily invest in GameStop shares.

If you're interested in buying GameStop shares from Australia, you'll need to sign up to a trading platform that has access to US stock exchanges. Read on to find out which platforms offer GameStop in Australia and the steps involved in buying.

About Gamestop (GME)

GameStop (GME) is one of the biggest video game retailers in the world. The company is headquartered in the United States and has been listed on Wall Street's New York Stock Exchange (NYSE) since 2002.

In early 2021, the company saw its share price surge by more than 700% after Reddit users began hyping GME and other heavily shorted stocks on social forums. GME's stock price has since been highly volatile and investors should approach with caution.

How to buy shares in GameStop

  1. Compare share trading platforms. To buy shares in a company listed in the US from Australia you'll need to find a trading platform that offers access to US stock markets. 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, which will typically include 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 that matches 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 using consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$29.12, 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.

GameStop stock price (NYSE:GME)

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

Have GameStop's shares ever split?

GameStop's shares were split on a 4:1 basis on 21 July 2022. So if you had owned 1 share the day before the split, the next day you would own 4 shares. This wouldn't directly have changed the overall worth of your GameStop shares – just the quantity. However, indirectly, the new 75% lower share price could have impacted the market appetite for GameStop shares which in turn could have impacted GameStop's share price.

GameStop shares at a glance

Information last updated 2024-06-14.
OpenUS$29.23
HighUS$30.66
LowUS$27.41
CloseUS$28.7
Previous closeUS$29.12
Change US$-0.42
Change % -1.4423%
Volume 81,437,567
Information last updated 2024-06-13.
52-week rangeUS$9.95 - US$64.83
50-day moving average US$18.9166
200-day moving average US$16.0187
Target priceUS$8.38
PE ratio 338.5
Dividend yield N/A (0%)
Earnings per share (TTM) US$0.08

GameStop share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

GameStop price performance over time

Historical closes compared with the last close of $28.7

1 week (2024-06-06) -38.35%
1 month (2024-05-16) 3.72%
3 months (2024-03-15) 101.54%
6 months (2023-12-15) 66.28%
1 year (2023-06-15) 15.54%
2 years (2022-06-15) -11.21%
3 years (2021-06-15) -48.40%
5 years (2019-06-14) 1,939.08%

Compare trading platforms to buy GameStop shares

Name Product Standard brokerage for US shares Currency conversion fee Asset class
eToro
Finder AwardExclusive
eToro
US$0
50-150 pips
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
Moomoo Share Trading
US$0.99
55 pips or 0.0055 AUD/USD
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get $100 to trade when you deposit $1,000, or $200 when you deposit $5,000 or more. Earn 6.8% p.a. on uninvested cash. T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
Tiger Brokers
Exclusive
Tiger Brokers
US$2
37 pips
ASX shares, Global shares, US shares, ETFs
Finder exclusive: 10 no-brokerage US or ASX market trades in the first 180 days + 7% p.a. on uninvested cash with first deposit of any amount, plus US$30 TSLA + US$30 NVDA shares with deposits up to AU$2000. T&Cs apply.
Trade Australian, US and Asian stocks with no minimum deposit on Tiger Broker’s feature-packed platform.
CMC Invest
Finder Award
CMC Invest
US$0
0.60%
ASX shares, Global shares, Options trading, US shares, ETFs
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Webull
US$0.25
0.50% (50 pips)
ASX shares, Global shares, Options trading, US shares, ETFs
Get advanced research and trading tools with $0 brokerage and free lvl 2 NASDAQ stock data for 30 days. T&Cs apply.
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Saxo Invested
US$1
0.25%
ASX shares, Global shares, Options trading, US shares, ETFs
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
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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.

Is it a good time to buy GameStop stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.

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 P/E ratio

GameStop's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 339x. In other words, GameStop shares trade at around 339x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

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$35.4 million (£0.0 million).

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

GameStop share price volatility

Over the last 12 months, GameStop's shares have ranged in value from as little as US$9.95 up to US$64.83. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (NYSE average) beta is 1, while GameStop's is -0.238. 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 financials

Revenue TTM US$4.9 billion
Gross profit TTM US$1.4 billion
Return on assets TTM -0.53%
Return on equity TTM 1.93%
Profit margin 0.51%
Book value 4.269
Market capitalisation US$11.5 billion

TTM: trailing 12 months

GameStop share dividends

We're not expecting GameStop to pay a dividend over the next 12 months.

GameStop overview

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts, as well as engages in the digital asset wallet and NFT marketplace activities. The company operates stores and ecommerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as offers Game Informer magazine, a print and digital gaming publication. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

Stocks similar to GameStop

Past developments

24 March 2023: For the first quarter ending 28 January, GameStop announced net sales of $US2.23 billion. While this is slightly down from $US2.25 billion posted in the 4th quarter of last year, profits are up to $US48.2 million, or 16 cents a share. This is compared with a $US147.5 million loss a year ago.
24 March 2023: GameStop shares soared more than 40% during premarket trading after the retailer of video games posted its first profit in 2 years.

GameStop in the news

There are no recent company news

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