Gamestop (GME) Earnings AnnouncementGAMESTOP (GME) $122.4 Pre market Prev. Close $124.7 (down about .02%) @ time of analysis.
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EARNINGS ANNOUNCEMENT AFTER MARKET CLOSE WITH an EPS(earnings per share) estimate of -$1.45 and Revenue estimate of $1.3B. GME missed last 3 quarter EPS estimates and surprised last 4 revenue estimates. GME net income and revenue was on a steadily decline from 2018 - 2020 with a noticeable increase in revenue but still declining net income from 2020 - 2021 end. Debt/Assets (56%) has improved within last 5yrs with debt on a steady decline and major increase in assets( from 2020 - 2021 ). GME is currently and hasn’t been in a long time free cash flow positive. (Basic Fundamental Analysis)
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Fundamental Analysis Personal Opinion: GME isn’t investable but short term tradable. Bearish sentiment overall in my book on this company. Isn’t investable but tradable ( buy the rumor sell the news). GME share price is on a short term uptrend since May 24. Currently trading below MA60 on 15min chart timeframe but all other timeframes indicates a short term uptrend still exist.
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Chart Analysis Personal Opinions:
- Daily Chart: Downtrend continuation or beginning of a strong short uptrend.
- 2hr Chart: Pullback from previous breakout or a continuation downward (Stoch RSI, candlestick pattern and price action signals a strong sell though)
- 1hr chart providing detailed price action of 2hr chart
- 15min Chart: Trading in a range ( $120.4 - $140 ) Support and downtrend line - would wait until above MA60 or breaks above or below levels.
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Trade for the upcoming BONUS: FCF (Free Cash Flow) - a company share price will always reflect the free cash flow trend. Trending down in FCF, the share price overall will trend downwards and vise versa for an increase in FCF.
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