GameStop NYSE: GME shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating. The takeaways from the Q1 report are that this company is shedding business fast, losing money, and diluting shareholder value in a way that will make many short-sellers drool. GameStop TodayGMEGameStop$34.50 -12.05 (-25.89%) 52-Week Range$9.95▼$64 ...

GameStop’s (NYSE:GME) at-the-market (ATM) offering is here and it really shouldn’t surprise anyone given the recent surge in shares. Offering the same dollar amount of shares at a higher price will result in less dilution when compared to offering shares at a lower price.GameStop last sold 45 million shares worth $933.4 million after making an announcement on May 17. Now, the video game retailer wants to sell up to another 75 million shares.“We intend to use the net proceeds of this offering, if any, for ge ...

GameStop Corp (NYSE:GME) stock is having quite the volatile morning, ahead of Roaring Kitty's first YouTube appearance in three years, scheduled for 12pm ET. The company also announced disappointing first-quarter results ahead of the open, as well as an agreement with Jefferies to sell 75 million more shares after already selling 45 million.  Last seen down 5.8% to trade at $43.83, GME has traded as high as $48 and as low as $36.20 already in the first hour today. Trading has halted on and off today, with t ...

GameStop (NYSE:GME) unexpectedly posted first-quarter results, and the news wasn’t good. GME stock is down 19% in pre-market trading.The video game chain, which has become a meme stock thanks to Roaring Kitty, saw a decline in sales and foot traffic. The company lost $32.3 million, 11 cents per share, on sales of $882 million. A year ago, GameStop lost $50.5 million, 17 cents per share, on sales of $1.24 million.The results had been expected on June 17. They were moved up because of the stock’s volatility.I ...

 Q1 FY24Analyst Estimates for Q1 FY24Q1 FY23 Revenue$882 million $900 million$1.24 billionDiluted (Loss) Per Share (11 cents)(10 cents) (17 cents) Net (Loss)($32.3 million) ($30.6 million)($50.5 million) GameStop Issuing More Shares GameStop said in a Securities and Exchange Commission (SEC) filing it would sell up to 75 million additional shares on top of the 45 million shares it recently sold for more than $900 million. The company had previously said that it would report first-quarter results after ma ...

GameStop shares were volatile on Friday morning after the company reported results and ahead of a YouTube livestream planned by meme stock influencer Keith Gill, also known as "Roaring Kitty." The video retailer reported a net loss of $32.2 million compared to a loss of $50.5 million in the year-ago period. Sales fell 28% to $881 million, down from $1.2 billion. The company also plans to sell up to another 75,000,000 shares on top of the 45,000,000 already sold. Shares fell following a 47% jump, the largest ...

GameStop’s shares were down more than 15% in pre-market trading after the company reported a wider-than-expected sales drop — just hours before a highly anticipated YouTube livestream from star retail investor “Roaring Kitty” was expected to send the stock surging.The video-game retailer said Friday its net sales tumbled to $881.8 million in the quarter ended May 4, compared with $1.24 billion a year earlier. That was worse than Wall Street expected, with two analysts having predicted sales of $900 million ...

I have historically been very bearish on GameStop (NYSE:GME), mainly due to key fundamental factors. The company continues to see revenue deterioration and the ultimate impact of online competition should render its business model obsolete over the very long term. That is why there is so much short interest in this name.However, GME stock has been skyrocketing in recent days, surging more than 45% yesterday alone. This recent surge is thanks to Keith Gill, also known as Roaring Kitty on YouTube and DeepF——V ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

GameStop (GME) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this video game retailer would post earnings of $0.25 per share when it actually produced earnings of $0.22, delivering a surprise of -12%.Over the last four quarters, the company has surp ...