Archive for month: July, 2024

The company estimates that by 2025, it will have established between 5 and 10 plasma centers. The third center could be up and running by April 2021, and if all the others go according to plan, the company shares could see a rise of 260% to reach a target price of $7. By 2022, the prediction is that the stock will rise by 242%. Today, meme stocks look more like traditional momentum plays. They are companies that pick up a following in internet chatrooms or social media and take off from there.

• Whether Beyond Meat becomes the next AMC or GameStop remains to be seen.
• And as for Troika, the Converge merger would turn negative profits into positive ones as soon as merger costs flowed through.
• Our Discounted Cash Flow (DCF) analysis suggests GameStop is undervalued by 37.4%.
• Cohen’s net worth has gone up by $90 million per day in the last few weeks when GameStop’s stock has skyrocketed by over 1,550%.
• The sudden increase makes it seem that the GameStop stock was overvalued and it resulted in a class-action suit after the new acquisition of the stock was stopped.

What Is The Next GameStop Stock?

Finally, the cryptocurrency Dogecoin has been top of mind for retail investors in search of the next GameStop stock. Retail investors drove the steep incline through no-fee, no-commission apps like Robinhood. Small traders got excited about the stock through the WallStreetBets discussion group on Reddit, and the chatter rapidly spread through other social media platforms.

Will Bitcoin crash below $100k again this week?

This only further influenced the retail community to double down on its position. GameStop is one of the founding members of the meme stock movement. These are stocks that exhibit pronounced increases for reasons independent of sound fundamentals, but rather driven by hype narratives native to online communities. In retail investing lexicon, the phrase “to the moon” simply means an asset’s price is rising sharply.

And as for Troika, the Converge merger would turn negative profits into positive ones as soon as merger costs flowed through. Since then, PARA has seen a rapid descent and has been on an overall downtrend in recent years. According to MarketBeat data, almost 15% of the entertainment company’s float is shorted, translating to more than 85 million shares.

Simply Wall St’s proprietary “Fair Ratio” goes a step further than basic comparisons. While industry and peer benchmarks are useful, the Fair Ratio bases its estimate on a more complete profile. It takes into account GameStop’s growth outlook, profitability, risk factors, market cap, and how its business stacks up within the sector. This tailored approach offers a clearer sense of what a “normal” PE ratio should be for GameStop specifically. The Price-to-Earnings (PE) ratio is a widely used valuation tool, especially for profitable companies like GameStop. It provides a quick snapshot of how much investors are willing to pay for each dollar of earnings, making it a useful metric for comparing companies within the same sector.

The Next GameStop? 3 Meme Stocks That Investors Shouldn’t Ignore.

Discover 1411 companies where insiders are betting big on explosive growth. On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. With the stock now trading north of $23, Palantir is up over 260% over the past year. Quite a remarkable comeback but there is still much more room to grow.

The chipmaker is reaping the benefits from the explosion in artificial intelligence (AI). Its data center segment is expected to generate $3.5 billion in sales this year, up from previous estimates of $2 billion. For example, Gatos Silver went up by 82 percent in a single day, causing a temporary pause in trading. PE ratios tell one story, but what if the real opportunity lies elsewhere?

Investing

The following three meme stocks are companies that shouldn’t be ignored. However, one of the issues with this strategy is that “silver” isn’t a precise term – especially for inexperienced investors. Activity was diluted due in part to the fact that retail investors purchased shares in a wide variety of silver-related assets. Generally, higher PE ratios can be justified by stronger expected earnings growth and lower perceived risk, while lower PE ratios might reflect slower growth prospects or higher risk. In GameStop’s case, the stock is currently trading at a PE ratio of 27.3x.

As people adopted remote work environments around the world, attention collectively turned to a new form of entertainment — and I’m not talking about streaming or online shopping. With its new, powerful MI300X AI chip on the market and a platform to enhance customer utilization AMD stock has the potential to resume its parabolic climb up the charts. While it got its start as something of a joke in the fintech community, Dogecoin is gaining legitimacy. Big names like Tesla’s Elon Musk, Kiss’s Gene Simmons, and Rapper Snoop Dogg have promoted Dogecoin through social media, predicting that it is well on its way to a value of $1.

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• This, coupled with the impending Bitcoin halving next year, could attract the bulls’ attention and clear the stage for a potential squeeze.
• According to MarketBeat data, almost 15% of the entertainment company’s float is shorted, translating to more than 85 million shares.

Of course, because SMCI stock is a meme stock, the gains are amplified. As we saw with AMD, data center demand is soaring so the hardware needed for them will rise as well. WallStreetBets and its followers hoped to push the price up, forcing professionals to buy in at higher prices when closing out their short positions. The strategy was similar to the one behind GameStop – silver-related assets had been shorted by professional investors. While shares did go up significantly for a few days, it wasn’t anything close to the rise of GameStop stock.

GameStop continues to balance its nostalgic appeal with the need to innovate. The company’s ability to leverage its passionate fanbase and redefine itself in the gaming and digital ecosystems will determine its long-term survival. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

Shares opened the year under $20, then went sharply, shockingly high over a few days in late January. The peak was about $483 per share, but that didn’t last long. Our Discounted Cash Flow (DCF) analysis suggests GameStop is undervalued by 37.4%. Track this in your watchlist or portfolio, or discover 839 more undervalued stocks based on cash flows. In GameStop’s case, activist investor Ryan Cohen promised a corporate overhaul to refocus the retailer on e-commerce and other non-mall-based activities. For a brief moment, it seemed as if GameStop could relive its glory days of growth… whether in Web3 gaming or non-fungible tokens (NFTs).

Though they dipped back to 84 cents in 2022, that still represents a three-year CAGR of 41%. Coupled with a nearly pristine balance sheet, AMD could walk the walk as well as talk the talk. Those interested in speculating should treat a Dogecoin purchase as they would any other high-risk investment – never putting more in than they can afford to lose. The perfect storm that created the GameStop buying frenzy didn’t reoccur with AMC.

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Both firms would go on to experience short squeezes in their stock, an essential ingredient to getting retail investors excited. To their credit, social media investors have identified striking parallels between Troika Media and GameStop. And management at the two companies have engaged in startlingly similar financial restructuring plans. In an effort to create another “short squeeze” and force prices up by making hedge funds pay premium prices on shorted shares, AMC was heavily promoted across social media platforms.

While AMC stock may go up once consumers are ready to see movies again, there is no indication that AMC is a smart buy. Soon, novice investors downloaded the Robinhood app and made their very first trades, hoping to get in on what appeared to be a sure thing. This, coupled with the impending Bitcoin halving next year, could attract the bulls’ attention and clear the stage for a potential squeeze.

The ad tech firm currently trades for a roughly $100 million market capitalization, valuing its shares at about 0.3X price-to-sales (P/S). That’s the same as GameStop’s valuation immediately before its short squeeze and about eight times lower than the average U.S. firm. In other words, it’s a siren’s call for deep-value investors looking for enormous returns. As such, the strategy of identifying stocks with a significant percentage of their float shorted, a tactic that yielded remarkable profits in 2021, remains a focal point for many. In the 2010s, GameStop faced significant financial iq option review hurdles, including mounting losses due to store closures and reduced demand for physical media.