Technical Analysis – 27 March 2024

Shares closed higher above the 5dEMA. 5dEMA recently crossed the 20dEMA and 50dEMA.
MACD is positive, RSI is constructive.
Long – Entry 3640, Target 3840, Stop 3540

Share closed higher above the 200dEMA with constructive volume. 5dEMA is about to cross the 200dEMA.
MACD is positive, RSI is constructive.
Long – Entry 0.144, Target 0.160, Stop 0.136

Shares closed at a 4-month high above the 200dEMA with a surge in volume. The 5dEMA is about to cross the 200dEMA.
Both RSI and MACD are constructive.
Long – Entry 82.0, Target 89.4, Stop 78.3

GameStop Corp. (GME)

4Q23 Revenue: $1.79B, -19.7% YoY, miss estimates by $260M
4Q23 Non-GAAP EPS: $0.22, miss estimates by $0.07
1Q24 Guidance: No Guidance provided.
Comment: GameStop reported a weak set of results. The company saw a drop in hardware and accessories sales to $1.09bn, down from $1.24bn a year ago. Software sales also declined 31% to $465mn from $670mn a year ago. The company’s sales continue to suffer as consumers have moved more toward purchasing digital game downloads. The company also faced challenges due to increased competition from e-commerce firms and weakened consumer spending amidst an uncertain economy. The company also announced it has implemented job cuts as part of its efforts to reduce costs, alongside plans to exit operations in Ireland, Switzerland, and Austria. While these cost-cutting efforts may increase profitability, we expect sales to continue on a downward trend as consumption trends change. 1Q24 recommended trading range: $11 to $14. Negative Outlook.

游戏驿站(GME)

23财年第四季营收：179亿美元，同比跌幅19.7%，逊预期2.6亿美元
23财年第四季Non-GAAP每股盈利：0.22美元，逊预期0.07美元
24财年第一季指引：不提供指引。
短评：游戏驿站报告了一组较弱的结果。该公司的硬件及配件销售额从一年前的12.4亿美元降至10.9亿美元。软件销售额也从去年的6.7亿美元下降到4.65亿美元，下降了31%。随着消费者越来越倾向于购买数字游戏下载，该公司的销售继续受到影响。由于来自电子商务公司的竞争加剧，以及在经济不确定的情况下消费者支出减弱，该公司还面临着挑战。该公司还宣布，作为降低成本的一部分，它已实施裁员，并计划退出爱尔兰、瑞士和奥地利的业务。虽然这些削减成本的努力可能会增加盈利能力，但随着消费趋势的改变，我们预计销售额将继续呈下降趋势。24财年第一季度建议交易区间：11美至14美元。负面前景。