GameStop Stock: No Fundamentals Behind The Recent Rally


  • GameStop stock has rallied but its fundamentals remain poor.
  • The recent rally was driven by market speculation, not fundamental factors.
  • GameStop’s sales have been declining and its profitability metrics are low.
GameStop Strip Mall Location IV


GameStop (NYSE:GME) stock has rallied incredibly the past month. The company’s fundamentals, however, are as poor as they used to be a month ago. This is an update of my earlier work on GameStop following GME stock’s miraculous

January 2023 February 2024
Revenues 5927,2 5272,8
Net income -313,1 6,7

Indicator’s name

GameStop’s indicator

Average indicator for the US (based on FullRatio’s data)

Current ratio


1,5 – 3,0

Debt/equity ratio






Cash flow from operations/Total debt


1 or above

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