Great-To The Moon - Tiger Brokers Online Investing Community - To The Moon

1
Comment
Favorite

VictorLi
2021-03-15

Great

GameStop's Stock Price Is Still 'Very Detached From Fundamentals'

Shares of GameStop Corp. remain "very detached from fundamentals" and the latest data from NPD isn't offering any support for the stock.The GameStop Analyst: Curtis Nagle maintains an Underperform rating on GameStop's stock with a $10 price target.The GameStop Thesis: Data from NPD shows that the total number of physical game units sold for new PlayStation and Xbox consoles are "very underwhelming," Nagle wrote in a note. In fact, for every PS5 and Xbox Series X/S console sold since their launc

GameStop's Stock Price Is Still 'Very Detached From Fundamentals'

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":322367780,"tweetId":"322367780","gmtCreate":1615774918540,"gmtModify":1704786309750,"author":{"id":3559433749357063,"idStr":"3559433749357063","authorId":3559433749357063,"authorIdStr":"3559433749357063","name":"VictorLi","avatar":"https://static.tigerbbs.com/3baaf71bb518b9155f965535bf1e6f62","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Great</p></body></html>","htmlText":"<html><head></head><body><p>Great</p></body></html>","text":"Great","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/322367780","repostId":2119964320,"repostType":4,"repost":{"id":"2119964320","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1615774279,"share":"https://www.laohu8.com/m/news/2119964320?lang=&edition=full","pubTime":"2021-03-15 10:11","market":"us","language":"en","title":"GameStop's Stock Price Is Still 'Very Detached From Fundamentals'","url":"https://stock-news.laohu8.com/highlight/detail?id=2119964320","media":"Benzinga","summary":"Shares of GameStop Corp.  remain \"very detached from fundamentals\" and the latest data from NPD isn't offering any support for the stock.The GameStop Analyst: Curtis Nagle maintains an Underperform rating on GameStop's stock with a $10 price target.The GameStop Thesis: Data from NPD shows that the total number of physical game units sold for new PlayStation and Xbox consoles are \"very underwhelming,\" Nagle wrote in a note. In fact, for every PS5 and Xbox Series X/S console sold since their launc","content":"<p><img src=\"https://static.tigerbbs.com/46ca6eaa8b8409fc5798c05aef9bdf48\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of <b>GameStop Corp.</b> (NYSE: GME) remain \"very detached from fundamentals\" and the latest data from NPD isn't offering any support for the stock.</p>\n<p><b>The GameStop Analyst:</b> Curtis Nagle maintains an Underperform rating on GameStop's stock with a&nbsp;$10 price target.</p>\n<p><b>The GameStop Thesis:</b> Data from NPD shows that the total number of physical game units sold for new PlayStation and Xbox consoles are \"very underwhelming,\" Nagle wrote in a note. In fact, for every PS5 and Xbox Series X/S console sold since their launch, only 0.64 physical games were sold in February.</p>\n<p>While part of the underperformance could be attributed to the lack of any new major game release in February, Nagle said part of the poor physical game sales could be attributed to rising digital penetration. Video game maker <b>Electronic Arts Inc.</b> (NASDAQ: EA) acknowledged this reality in its conference call when it said digital accounted for 62% of sales.</p>\n<p><i>Related Link: Rod Alzmann Breaks Down The 'Chewy-fication' Of GameStop</i></p>\n<p>Meanwhile, GameStop's surge is in part attributed to rising expectations for GameStop to adopt a digital business model led by Ryan Cohen.&nbsp;How GameStop can find relevance in the online video game market is somewhat unclear.</p>\n<p>\"While Cohen no doubt brings much-needed expertise to GMEs go-forward strategy, we still do not see how it addresses the issue of GME's software businesses migrating to online networks where GME plays an extremely limited role as an intermediary,\" the analyst wrote.</p>\n<p><b>GME Price Action:</b> Shares of GameStop were trading higher by nearly 10%&nbsp;at $280.73.</p>\n<p>Latest Ratings for GME</p>\n<table>\n <tbody>\n  <tr>\n   <th>Date</th>\n   <th>Firm</th>\n   <th>Action</th>\n   <th>From</th>\n   <th>To</th>\n  </tr>\n </tbody>\n <tbody>\n  <tr>\n   <td>Jan 2021</td>\n   <td>B of A Securities</td>\n   <td>Maintains</td>\n   <td></td>\n   <td>Underperform</td>\n  </tr>\n  <tr>\n   <td>Jan 2021</td>\n   <td>Telsey Advisory Group</td>\n   <td>Downgrades</td>\n   <td>Outperform</td>\n   <td>Underperform</td>\n  </tr>\n  <tr>\n   <td>Oct 2020</td>\n   <td>Jefferies</td>\n   <td>Downgrades</td>\n   <td>Buy</td>\n   <td>Hold</td>\n  </tr>\n </tbody>\n</table>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop's Stock Price Is Still 'Very Detached From Fundamentals'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop's Stock Price Is Still 'Very Detached From Fundamentals'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-15 10:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/46ca6eaa8b8409fc5798c05aef9bdf48\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of <b>GameStop Corp.</b> (NYSE: GME) remain \"very detached from fundamentals\" and the latest data from NPD isn't offering any support for the stock.</p>\n<p><b>The GameStop Analyst:</b> Curtis Nagle maintains an Underperform rating on GameStop's stock with a&nbsp;$10 price target.</p>\n<p><b>The GameStop Thesis:</b> Data from NPD shows that the total number of physical game units sold for new PlayStation and Xbox consoles are \"very underwhelming,\" Nagle wrote in a note. In fact, for every PS5 and Xbox Series X/S console sold since their launch, only 0.64 physical games were sold in February.</p>\n<p>While part of the underperformance could be attributed to the lack of any new major game release in February, Nagle said part of the poor physical game sales could be attributed to rising digital penetration. Video game maker <b>Electronic Arts Inc.</b> (NASDAQ: EA) acknowledged this reality in its conference call when it said digital accounted for 62% of sales.</p>\n<p><i>Related Link: Rod Alzmann Breaks Down The 'Chewy-fication' Of GameStop</i></p>\n<p>Meanwhile, GameStop's surge is in part attributed to rising expectations for GameStop to adopt a digital business model led by Ryan Cohen.&nbsp;How GameStop can find relevance in the online video game market is somewhat unclear.</p>\n<p>\"While Cohen no doubt brings much-needed expertise to GMEs go-forward strategy, we still do not see how it addresses the issue of GME's software businesses migrating to online networks where GME plays an extremely limited role as an intermediary,\" the analyst wrote.</p>\n<p><b>GME Price Action:</b> Shares of GameStop were trading higher by nearly 10%&nbsp;at $280.73.</p>\n<p>Latest Ratings for GME</p>\n<table>\n <tbody>\n  <tr>\n   <th>Date</th>\n   <th>Firm</th>\n   <th>Action</th>\n   <th>From</th>\n   <th>To</th>\n  </tr>\n </tbody>\n <tbody>\n  <tr>\n   <td>Jan 2021</td>\n   <td>B of A Securities</td>\n   <td>Maintains</td>\n   <td></td>\n   <td>Underperform</td>\n  </tr>\n  <tr>\n   <td>Jan 2021</td>\n   <td>Telsey Advisory Group</td>\n   <td>Downgrades</td>\n   <td>Outperform</td>\n   <td>Underperform</td>\n  </tr>\n  <tr>\n   <td>Oct 2020</td>\n   <td>Jefferies</td>\n   <td>Downgrades</td>\n   <td>Buy</td>\n   <td>Hold</td>\n  </tr>\n </tbody>\n</table>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119964320","content_text":"Shares of GameStop Corp. (NYSE: GME) remain \"very detached from fundamentals\" and the latest data from NPD isn't offering any support for the stock.\nThe GameStop Analyst: Curtis Nagle maintains an Underperform rating on GameStop's stock with a $10 price target.\nThe GameStop Thesis: Data from NPD shows that the total number of physical game units sold for new PlayStation and Xbox consoles are \"very underwhelming,\" Nagle wrote in a note. In fact, for every PS5 and Xbox Series X/S console sold since their launch, only 0.64 physical games were sold in February.\nWhile part of the underperformance could be attributed to the lack of any new major game release in February, Nagle said part of the poor physical game sales could be attributed to rising digital penetration. Video game maker Electronic Arts Inc. (NASDAQ: EA) acknowledged this reality in its conference call when it said digital accounted for 62% of sales.\nRelated Link: Rod Alzmann Breaks Down The 'Chewy-fication' Of GameStop\nMeanwhile, GameStop's surge is in part attributed to rising expectations for GameStop to adopt a digital business model led by Ryan Cohen. How GameStop can find relevance in the online video game market is somewhat unclear.\n\"While Cohen no doubt brings much-needed expertise to GMEs go-forward strategy, we still do not see how it addresses the issue of GME's software businesses migrating to online networks where GME plays an extremely limited role as an intermediary,\" the analyst wrote.\nGME Price Action: Shares of GameStop were trading higher by nearly 10% at $280.73.\nLatest Ratings for GME\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nJan 2021\nB of A Securities\nMaintains\n\nUnderperform\n\n\nJan 2021\nTelsey Advisory Group\nDowngrades\nOutperform\nUnderperform\n\n\nOct 2020\nJefferies\nDowngrades\nBuy\nHold","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}