GME Dips Almost 6% on Friday Close

The GME stock price fluctuated between $199.2 and $211.73 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 2M shares.

The share price of GameStop Corp. (NYSE:GME) dipped -5.69% to close Friday’s market session at $199.72, lower as compared to yesterday’s close which brings the market valuation of the company to $16.36B.

The 52-week high for the GameStop Corp.’s shares is $483.00. That puts it -58.65% from that peak with a 52-week low of $12.14, while the S&P 500’s share price change was of 26.87%.

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 1M, while in the last 10 days the average was 1.93M and last three months – 2.49M.

Shrinking short interest

The GameStop Corp.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 6.78M shares being shorted which translates into 2.73 of a short ratio for GME, while in the previous month the shorted shares were 7.67M.

GameStop Corp.’s (NYSE:GME) financials

With a market cap of 16.36B, GameStop Corp. holds a total cash of $1.72B that translates into $22.76 per share, while the total debt is of $701M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 25.60%. The current revenue is of $5.59B that is $83.02 per share.

This is a great sign for a bright future.