Just two analysts have anything to say on the stock. One has a Sell rating and the other has a Hold rating. At a share price of around $18.70, the stock trades above its median price target of $13.10. At the high target of $20.00, the upside potential is 7.0%. About 19% of GameStop’s shares are sold short, and the current borrow fee is about 3.9%. Both these numbers are dropping.
Second-quarter revenue is forecast at $1.14 billion, down 7.8% sequentially and flat year over year. Analysts expect GameStop to report an adjusted loss per share of $0.14, again, flat compared to the prior quarter and better than the year-ago loss of $0.35. For the full 2024 fiscal year that ends in January, analysts forecast an adjusted loss per share of $0.26, compared to the prior-year loss of $1.02 per share, and sales of $5.71 billion, down 3.7%.
GameStop is not expected to post a profit in either fiscal 2024 or 2025. Based on estimates of GameStop’s sales ranging between $5.57 billion and $5.77 billion for the two fiscal years, the enterprise value to sales multiple is 0.9. The stock’s 52-week trading range is $15.41 to $34.99. GameStop does not pay a dividend, and the total shareholder return for the past year was negative 32.03%.
UiPath
UiPath Inc. (NYSE: PATH) makes and sells a robotic automation platform. Over the past 12 months, shares have dipped by about 2.2%, including a share price increase of 24.4% since the beginning of the year.
Cathie Wood’s ARK Invest holds some 48.3 million UiPath shares, and the stock is ARK’s fifth largest holding, accounting for about 5.2% of its total portfolio. Over the past four quarters, ARK has purchased a net 10.7 million shares at average prices ranging from $17.54 to $16.04. Even though ARK is way down on its investment in UiPath, Wood has not given up on the business.
Of 21 analysts covering the stock, eight have a Buy or Strong Buy rating and 13 have Hold ratings. At a share price of around $16.00, the upside potential based on a median price target of $18.00 is 12.5%. At the high price target of $25.00, the upside potential reaches more than 56%.
UiPath is expected to report second-quarter revenue of $282.07 million, down 2.6% sequentially but up 16.5% year over year. Analysts anticipate EPS of $0.03, down 70.2% sequentially and up from a year-ago loss per share of $0.02. For the full 2024 fiscal year ending in January, estimates call for EPS of $0.34, up 143.5%, and sales of $1.27 billion, up 19.6%.
The company’s stock trades at 46.7 times expected 2024 earnings, 40.3 times estimated 2025 earnings of $0.40 and 30.2 times estimated 2026 earnings of $0.53 per share. The 52-week range is $10.40 to $19.94. UiPath does not pay a dividend, and the total shareholder return for the past year is negative 1.36%.
Originally published at 24/7 Wall St.
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