Key Stats: Market Cap: 5.2B P/E Ratio: 25.6 (yeah, that’s rich for retail) Free Cash Flow: 350M Next Earnings Date: December 2024 (this could be the hype catalyst) Short Interest: ~18%
Top 3 Technical Reasons for Bullishness: 1️⃣ GME just broke out above its 200-day moving average. 2️⃣ Bullish divergence on the RSI as buyers sneak back in, flexing on oversold bears. 3️⃣ Volume profile shows strong support meaning this floor is solid.
Top 3 Fundamental Reasons for Bullishness: 1️⃣ GME’s pivot to e-commerce is finally gaining traction—revenue growth at 10% YoY suggests the meme dreams are alive. 2️⃣ Recent insider buying: execs seem to think this is going places. 3️⃣ Console cycle tailwind: With PS5 and Xbox sales rising, their refurbished game model looks golden.
Potential Paths to Profit: 1️⃣ Lowest Risk: Buy shares at current levels and HODL. Target price: $120. 2️⃣ Moderate Risk: Jan 2025 $70 calls ($5–6 premium)—reasonable time for the hype to play out. 3️⃣ High Risk/High Reward: Buy deep OTM $100 calls for July 2025. Cheap lotto tickets.
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