The shares of GameStop Corp. (NYSE:GME) has been pegged with a rating of Underperform by BofA/Merrill in its latest research note that was published on August 20th, 2019. The research company has also assigned a $2.50 price target. BofA/Merrill wasn’t the only research firm that published a report of GameStop Corp., with other equities research analysts also giving their opinion on the stock. The Benchmark Company advised investors in its research note published on June 5th, 2019, to Sell the GME stock while also putting a $5 price target. The stock had earned Underperform rating from Credit Suisse when it published its report on May 20th, 2019. That day the Credit Suisse set price target on the stock to $7. The stock was given Market Perform rating by Telsey Advisory Group in its report released on April 3rd, 2019, the day when the price target on the stock was placed at $10. BofA/Merrill was of a view that GME is Underperform in its latest report on April 3rd, 2019 while giving it a price target of $5. BofA/Merrill thinks that GME is worth Underperform rating. This was contained in the firm’s report on March 8th, 2019 in which the stock’s price target was also moved to $9.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $5.91. The price of the stock the last time has raised by 17.46% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.20.
The shares of the company dipped by -3.14% during the trading session on Tuesday, reaching a low of $3.68 while ending the day at $3.70. During the trading session, a total of 5.69 million shares were traded which represents a 19.81% incline from the average session volume which is 7.09M shares. GME had ended its last session trading at 3.82. GameStop Corp. currently has a market cap of $401.23M while its P/E earnings growth sits at 0.05, with a beta of 0.41. GameStop Corp. debt-to-equity ratio currently stands at 0.36, while its quick ratio hovers at 0.60. GME 52-week low price stands at $3.15 while its 52-week high price is $17.04.
The company in its last quarterly report recorded $0.07 earnings per share which is above the -$0.03 predicted by most analysts. The GameStop Corp. generated $1,547.70 million in revenue during the last quarter, which is slightly lower than the $1,637.47 million predicted by analysts. In the second quarter last year, the firm recorded $1.60 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -2185.71%. GameStop Corp. has the potential to record -8.13 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on August 23rd, 2019 where it informed investors and clients that Tellurian Inc. (NASDAQ:TELL) is now rated as Neutral. The Benchmark Company also rated TELL as Reiterated on June 5th, 2019, with its price target of $5 suggesting that TELL could surge by 43.6% from its current share price. Even though the stock has been trading at $6.91/share, analysts expect it to surge higher by -3.04% to reach $11.88/share. It started the day trading at $7.13 and traded between $6.24 and $6.70 throughout the trading session.
A look at its technical shows that TELL’s 50-day SMA is 7.03 while its 200-day SMA stands at 8.29. At the moment, only of Tellurian Inc. shares were sold short. The company’s average trading volume currently stands at 2.18M shares, which means that the short-interest ratio is just 13.23 days. Over the past seven days, the company moved, with its shift of -11.26%. Looking further, the stock has dropped -18.19% over the past 90 days while it lost -36.13% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more TELL shares, increasing its portfolio by +2.54% during the last quarter. This move now sees The Vanguard Group Inc purchasing 216,931 shares in the last quarter, thus it now holds 8,768,769 shares of TELL, with a total valuation of $54,103,305. BlackRock Fund Advisors meanwhile bought more TELL shares in the recently filed quarter, changing its stake to $35,815,838 worth of shares. Electron Capital Partners LLC followed the path by increasing its TELL portfolio by +22.52% in the quarter. This means that Electron Capital Partners LLC bought 691,155 shares in the last quarter and now controls 3,760,638 shares of the TELL stock, with the valuation hitting $23,203,136.
Similarly, Neuberger Berman Investment Advis decreased its Tellurian Inc. shares by -29.64% during the recently filed quarter. After selling -999,469 shares in the last quarter, the firm now controls 2,373,043 shares of Tellurian Inc. which are valued at $14,641,675. In the same vein, Bristol Capital Advisors LLC decreased its Tellurian Inc. shares by during the most recent reported quarter. The firm sold 0 shares during the quarter which decreased its stakes to 2,150,000 shares and is now valued at $13,265,500. Following these latest developments, around 28.80% of Tellurian Inc. stocks are owned by institutional investors and hedge funds.