GameStop (GME) Is Nicely Positioned For Growth

The GME stock price fluctuated between $157.41 and $163.55 throughout the trading session with the volume trading being 1M 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) ran up 0.1% to close Saturday’s market session at $162.52, higher as compared to yesterday’s close which brings the market valuation of the company to $12.09B.

The 52-week high for the GameStop Corp.’s shares is $483.00. That puts it -66.35% from that peak but still a 3,410.15% gain since the share price dropped to a 52-week low of $4.43, while the S&P 500’s share price change was of 32.11%.

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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 1.66M and last three months – 5.75M.

Shrinking short interest

The GameStop Corp.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 7.66M shares being shorted which translates into 2.98 of a short ratio for GME, while in the previous month the shorted shares were 8.22M.

GameStop Corp.’s (NYSE:GME) financials

With a market cap of 12.09B, GameStop Corp. holds a total cash of $694.7M that translates into $10.04 per share, while the total debt is of $712.5M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 25.10%. The current revenue is of $5.35B that is $81.77 per share.

This is a great sign for a bright future.