• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

GameStop stock price rejected at $200 after Q2 2021 earnings

September 9, 2021
in Trading
Reading Time: 2 mins read
A A
0
GameStop stock price rejected at $200 after Q2 2021 earnings
0
SHARES
12
VIEWS
ShareShareShareShareShare

GameStop stock price failed at $200 after the Q2 2021 earnings report. The Q2 2021 EPS missed by $0.09, but the company reported stronger than expected revenues.

GameStop released its Q2 2021 financial results yesterday. The company missed on the EPS estimates but reported strong sales growth and, thus, much stronger revenue.

The stock price’s reaction was mixed – failing at $200 but keeping the series of higher highs and higher lows seen recently.

Highlights of GameStop Q2 2021 Earnings

One of the biggest surprises came from the net sales generated for the quarter – up to $1.183 billion, higher than the $942 million reported in the same period last year. Also, the company’s cash and restricted cash position improved, reaching $1.78 billion.

Long-term debt declined, and the company has none of it at present. Moreover, GameStop has invested in adding new items to its product catalogue and entered into leases in the United States with the intention of building  U.S.-based customer care operations.

GameStop stock price is up +2,481.82% in the last 12 months and +955.20% this year alone. The company operates with a gross profit margin of 24.45%, much lower than the 35.67% sector median, and has a price/sales ratio for the last 12 months of 2.43.

Having said that, the company keeps losing money, albeit not that much as compared to the same period last year. The net loss fell to -$61.6 million from -$111.3 million.

GameStop stock price performance this year and in the last 12 months has nothing to do with the company’s financial performance. Instead, the shares were benefiting from a short-squeeze triggered by a large group of retail traders organised on a social media platform who bought in unison. 

Credit: Source link

ShareTweetSendPinShare
Previous Post

Silver price drops below $24

Next Post

Why Upstart Soared 100% in 1 Month & Where to Buy It

Related Posts

Global Digital Cluster Coin (GDCC) Is Now Available on LBank Exchange
Trading

Global Digital Cluster Coin (GDCC) Is Now Available on LBank Exchange

January 28, 2023
3
Cowen’s analyst reveals his top retail stock ahead of earnings
Trading

This retailer stands to benefit from Bed Bath & Beyond bankruptcy

January 28, 2023
5
Analyst picks Exxon over Chevron after latter missed profit estimates
Trading

Analyst picks Exxon over Chevron after latter missed profit estimates

January 28, 2023
5
‘I’m still cautious’ on stocks
Trading

‘I’m still cautious’ on stocks

January 28, 2023
3
3 reasons to buy European stocks
Trading

US dollar index (DXY) pattern points to a comeback soon

January 27, 2023
4
Next Post
Why Upstart Soared 100% in 1 Month & Where to Buy It

Why Upstart Soared 100% in 1 Month & Where to Buy It

Recommended

GEODIS becomes Shipping Agent for French Shipping Company Zéphyr & Borée

GEODIS becomes Shipping Agent for French Shipping Company Zéphyr & Borée

January 20, 2023
5
These two stocks could benefit from Southwest Airlines flight cancellations

These two stocks could benefit from Southwest Airlines flight cancellations

December 29, 2022
5
4 Bullish and 2 Bearish Considerations for Binance Coin (BNB) Heading into 2023 (Opinion)

4 Bullish and 2 Bearish Considerations for Binance Coin (BNB) Heading into 2023 (Opinion)

January 19, 2023
5
Elliott Management’s stake in Salesforce is about ‘margin expansion’

Elliott Management’s stake in Salesforce is about ‘margin expansion’

January 24, 2023
5
Fairlead’s Katie Stockton expects new market lows in 2023

Fairlead’s Katie Stockton expects new market lows in 2023

January 4, 2023
4
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • FBI Announces Takedown of Hive Ransomware Network
  • NFT Collection Gangster All Star Evolution Price, Stats, and Revi…
  • Shopify Stock Is up Over 40% This Year. How Much Higher Can It Go?

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?