Yes, I think GME is overvalued. Its health rating is strong but its earnings and long term earnings make it overvalued by its P/E ratio. Then, it's assets to profit ratio are -1.88 vs + 11.8-12 industry standard. So they are actually bleeding profits at a slow pace.
I think it is overvalued but that is going by real world fundamentals. But I have seen overexuberant optimism win over fundaments again and again.
It could break out on Monday with a crazy unnatural bullish push upward for all I know. But I see a company slowly bleeding money which just fired its COO and is not refilling the position. Investors like fat trimming so it jumps up a bit but the reasons they are trimming fat should make long investors nervous.
Yes, I think GME is overvalued. Its health rating is strong but its earnings and long term earnings make it overvalued by its P/E ratio. Then, it's assets to profit ratio are -1.88 vs + 11.8-12 industry standard. So they are actually bleeding profits at a slow pace.
I think it is overvalued but that is going by real world fundamentals. But I have seen overexuberant optimism win over fundaments again and again.
It could break out on Monday with a crazy unnatural bullish push upward for all I know. But I see a company slowly bleeding money which just fired its COO and is not refilling the position. Investors like fat trimming so it jumps up a bit but the reasons they are trimming fat should make long investors nervous.