GameStop Corp. (NYSE:GME) With A Very Low Volume But Good Plans


The GME stock price fluctuated between $164.51 and $173.89 throughout the trading session with the volume trading being 2M shares, which represented a negative variation when compared to the three months average volume of 6M shares.

The share price of GameStop Corp. (NYSE:GME) dipped -2.52% to close Thursday’s market session at $164.86, lower as compared to yesterday’s close which brings the market valuation of the company to $11.67B.

The 52-week high for the GameStop Corp.’s shares is $483.00. That puts it -65.87% from that peak but still a ridiculous gain since the share price dropped to a 52-week low of $3.92, while the S&P 500’s share price change was of 35%.

What does the trading volume tell us about the GME stock?

During the last trading session, GameStop Corp. (NYSE:GME) has seen decay in its daily volume. The daily volume was of 6M, while in the last 10 days the average was 1.96M and last three months – 6.18M.
The decreasing interest in the GME stock from the investors is helping to drive the stock price down.

Growing short interest

The GameStop Corp.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 11.11M shares being shorted which translates into 0.65 of a short ratio for GME, while in the previous month the shorted shares were 10.19M.

GameStop Corp. (NYSE:GME) financials

With a market cap of 11.67B, GameStop Corp. holds a total cash of $508.5M that translates into $7.27 per share, while the total debt is of $1.05B.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -3.30%. The current revenue is of $5.09B that is $78.31 per share.
This is a not so good sign for the future.