Reported about 7 hours ago
GameStop Corp. recently reported impressive free cash flow (FCF) results, leading to a jump in its stock price. For the quarter ending August 2, GME's revenue increased by 21.78% year-over-year, despite the company closing several stores, signaling strong operational efficiency. Analysts indicate GME is undervalued, with a sum-of-the-parts valuation suggesting a potential value of over $31 per share. The company's cash flow remains robust, bolstered by a significant cash reserve and increasing sales in collectibles, making GME stock an appealing investment option.
Source: YAHOO