Invest
GameStop has surged over 1500% in 2021. Should you chase the stock going forward?
By PyInvesting Blog  •  January 31, 2021
By now, you’ve probably heard of GameStop $GME, the hottest stock in the market right now.  We know that many people are betting against $GME and shorting the stock. Don’t take it from us – Bloomberg reported that while Gamestop’s shares outstanding stands at 69.7 million, short interest is at 71.2 million shares.  As part of preliminary fundamental analysis, let’s look into the business model of GameStop.  And in terms of a Q3 2020 update, Gamestop’s net sales were $1,004.7 million, down 30.2% from the fiscal 2019 third quarter reflecting: The impact of operating during the last few months of the seven-year-long current generation console cycle and the subsequent limited availability of hardware and accessories; The unplanned shift of software titles later into the fourth fiscal quarter, and in some cases, into fiscal 2021; An 11% reduction in the store base, as part of the Company’s de-densification strategy, partially...
Read the full article
By PyInvesting Blog
Hi there! My name is Ivan and I'm the founder of PyInvesting.com. I'm passionate about technology and financeand I've worked as a software developer at a hedge fundwhere I was responsible for building the fund's trading system ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance