Opinions
Jim Cramer - Mad Money
GameStop Corp.
GME-N
COMMENT
Aug 17, 2022
Stock price when the opinion was issued
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You shouldn't connect this to the health of the market. There's a big chance that a lot of people will lose money in GME, which concerns him, because the regulators will get involved. The economy needs healthy markets and GME is unhealthy. There's something funny going on here and we need to get to the bottom of it.
Premium contentGameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It also sells collectibles comprising licensed merchandise primarily related to the gaming, television, and movie industries, as well as pop culture themes. As of January 29, 2022, the company operated 4,573 stores and ecommerce sites under the GameStop, EB Games, and Micromania brands; and 50 pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as offers Game Informer, a print and digital video game publication featuring reviews of new releases, previews of the big titles on the horizon, and coverage of the latest developments in the gaming industry. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas. Social media mentions are up 138% in the past 24h.
Premium contentGameStop Corporation is a well-known American video game, consumer electronics, and gaming merchandise retailer. The company operates various retail stores, primarily in the United States, Canada, Australia, and Europe. It has made significant efforts to transform its business model to adapt to the digital age, including forays into e-commerce and digital game services. Social media mentions are up 20.9% in the past 24h.
Premium contentFor the last quarter, GameStop reported $732 million in revenue, which marks a significant decrease of 42.90% compared to the previous quarter. This huge dip is concerning as it highlights a slowdown in the company's performance over the short term. Compared to the same quarter last year, the revenue decreased by 16.94%, further pointing to ongoing struggles that need to be addressed (despite being less alarming than the quarter-to-quarter change). Social media mentions are up 15.5% in the past 24h.