GameStop in danger: Can GME stock  hold the $20 mark?
GMEGameStop(GME) Finbold·2024-09-11 22:10

GameStop (NYSE: GME) found itself in hot water on September 11, with shares plummeting 15.09% to 19.95atmarketopenfollowingashakyQ2earningsreport.WhilethecompanymanagedtobeatEPSexpectationswithaslim19.95 at market open following a shaky Q2 earnings report. While the company managed to beat EPS expectations with a slim 0.01 per share (compared to estimates of a -0.09loss),itwasn’tenoughtooffsetothertroublingfigures.Revenueplungedastaggering31.90.09 loss), it wasn’t enough to offset other troubling figures.Revenue plunged a staggering 31.9% year-over-year to 790 million, missing expectations by 106million.Addingtothepain,adjustedEBITDAcameinatanegative106 million. Adding to the pain, adjusted EBITDA came in at a negative 18 million, a far c ...