Game Stop Is an American Company whose core business is video game hardware and software. Which mostly deals in Physical Discs and the remaining 11% of revenue comes from collectibles. The trend in their revenue seems to track the decline in physical games. You can also see performance deteriorating before the pandemic ever closed stores. Thus Game Stop Stock Price Prediction Has no chances before January 2021.
Game Stop Stock Price Current Market Position
The Game Stop Corp. (GME) Closed at $ 178.54 4:00 PM (EDT). While it opened at$ 183.00 and Reached a High of $ 185.00 and a Low of $ 176.66. The trade Volume for Game Stop Corp. (GME) reached 1,208,000. The Stock Dipped -5.40 (-2.94%) in a Day marking the closing for a Day Trade.
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Game Stop Stock Price Prediction
2021
For now, Till the end, it is advised to hold the Game Stop Stock Price Prediction for quite a while as to take revenge on Hedge Funds who were at first ones to start this war by short selling the shares hence resulted in a reverse short squeeze which resulted in them incurring huge Loses. Thus making the stock remain around The set upper circuit – Lower circuit i.e $170-200.
2022-25
The next three Years will be deciding Factors for Game Stop Corp. after the pandemic. The Business will take off or just will get doomed is the key to the existence of the company. In either case, the stock will sure Go for a Correction and will Correct itself to around $100-120.
2030*
2030 is a long way to go for a company with a business module That focuses on Physical discs for gaming consoles as the market is gaming for cloud services by the year 2025. But with the past performance in the context, the stock remains the same through thus it’s hard to expect the stock to give a boom. Thus making the share not go, Max, $200.
Is Game Stop Stock Worth Buying?
So, the Final Verdict or the conclusion is, That the stock holds a sentimental value as it is considered the main company whose stock was to be a short seller by The Hedge Fund Giants. Thus this Game Stop Stock Price holds a historical value as for retail investors but eventually, The retail investors will too release it is intrinsic value and will act accordingly act to it.
Company Analysis for Future
Game Stop Stock Price Prediction has been on a roller coaster since January afterward and thus it has not been a matter of Fundamental or Technical analysis. It has been pure emotion and a ruthless fight between Hedge Funds and Retail Traders. Which ended with a win on the feet of the Retailer traders. For the future, The company unless and until changes or tweaks its business model there is nothing more to say.
*This is not a stock recommendation. Please do your research beforehand while Investing anywhere.
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