This is how the computer and electronics retail stocks are performing today
As cyber-Monday has arrived, here is a look at five computer and electronic retail stocks:
ATRenew Inc. (RERE) – Quant rating: 4.89
Up 3.49% from the past five days, and so far, 69.79% year-to-date.
The stock is “positioned for growth” according to a recent analysis by Ivy Global Insights, after strong third quarter earnings results.
“The company’s robust cash position and innovative AI-powered technologies position it well for future growth and sustainable margins in the circular economy market,” the Ivy Global Insights said.
The company also appears undervalued and trading at a great discount.
GameStop Corp. (GME) – Quant rating: 3.17
GameStop (GME) is down 6.33% in the past five days, but up about 65% year-to-date.
The company’s topline remains weak and its accelerating revenue is declining, said Seeking Alpha analyst Florian Muller in a recent analysis.
“Despite optimistic valuation adjustments, GameStop’s per share value still lies significantly below market price, making it a speculative play rather than a sound investment,” he wrote.
Best Buy Co. (BBY) – Quant rating: 3.16
Up 3.66% from the past five days, but so far, only 15.56% year-to-date.
The company just had disappointing third quarter earnings results, missing revenue and EPS targets, with sales growth down 2.9%.
“The challenging macroeconomic environment, election distractions, and uncompetitive business model against Walmart and Amazon are significant headwinds for Best Buy,” said Seeking Alpha analyst Harrison Schwartz in a recent analysis.
He also believes the company will not recover by 2027. “I forecast a long-term decline that may accelerate with economic weakness next year.”
Currys Plc (OTC:DSITF) – Quant rating: 3.00
Currys (OTC:DSITF) is down 3.92% today, although up 46.93% year-to-date.
The company has been in a slow decline since April 2021, after successfully recovering from the pandemic lows.
“Retailers, such as Currys (OTC:DSITF) have produced stunning share price growth over recent months – with the firm’s market valuation rising by 87% in the past year alone,” according to a Questor article by The Telegraph. “Its shares have been particularly popular amongst investors because the company sells products that typically experience large fluctuations in demand, depending on the consumer outlook.”
Smart Share Global Limited (EM) – Quant rating: 2.63
Up 1.72% today, and up 47.7% year-to-date.
The company has increased its revenue by 50% year-over-year, and its operating margin has reached 1.3%.
Seeking Alpha analyst Tony Investing is bullish on the stock.
“I think the company’s revenue will continue to show strong growth rates due to the recovery in mobility and the relatively low base of comparison last year,” he wrote recently.