![]() ![]() These stock awards typically vest upon the expiration of a fixed time period or when certain performance goals are met. The 10-Q also sets out the number of restricted stock awards GameStop granted to employees and directors of the company. Excerpt from 10-Q filed December 8, 2020. GameStop (GME) Shareholders’ Equity Table. As a result, subtracting the repurchased shares from our calculation above gives us a remaining stock float of 64,754,497 shares (87,354,497 – 22,600,000). These shares are returned to the company’s treasury and are no longer part of the public float. Companies will often execute a stock buyback to shore up its share price or improve its financial reporting ratios like earnings per share. The table on Shareholders’ Equity shows that, as of August 3, 2019, there were 90,500,000 shares outstanding, but GameStop also repurchased 22,600,000 shares. On December 8, 2020, GME filed its latest 10-Q for the quarter ending October 31, 2020. We’ll look at the most recent quarterly report (10-Q) to find the outstanding shares in August 2019 and then continue with our calculation. That is because the outstanding shares were reported as of Mawhile the float was based on the shares as of August 2, 2019. From Sec.gov.Īs the excerpt above shows, the outstanding shares are listed as 64,457,992, which is lower than the calculated float. For GME, that value “was approximately $330.2 million, based upon the closing market price of $3.78 per share of Class A Common Stock on the New York Stock Exchange.” Dividing these numbers ($330.2 million / $3.78) gives us a stock float of 87,354,497 shares. The information is typically based on the stock price of the company at the end of the second quarter. Public companies report their float value each year on the front page of their annual 10-K. December 2020 Prospectus – $100 Million Offering.GameStop (GME) from FloatChecker, JanuContents As shown below, our check of GME gives us varying numbers between 27 million and 51 million shares. We’ll read through GameStop’s financial filings to determine the stock float and compare our findings with the results from FloatChecker. co-founder Ryan Cohen, combined with massive buying interest on social media sites like Reddit, caused a “squeeze” which quickly raised the stock price as short sellers purchased shares to exit their positions. But a high profile investment from Chewy, Inc. This thesis prompted investors to take large short positions in the stock, hoping to profit as the share price declined. It remains to be seen how high GME can go!Īnalysts have long predicted the demise of the fading video game retailer as players move to downloading games online rather than purchasing them through brick-and-mortar stores. That’s an unbelievable intraday swing of 160%! And the amazing gains continued as the stock closed at $147.98 on January 26 and $347.51 on January 27. This sparked additional interest of traders over the weekend, and on the following Monday, January 25, GME opened at $96.73 then rose to a high of $159.18 before quickly falling back down to a low of $61.13 and closing the day at $76.79. On Friday, January 22, 2021, GME opened at $42.59 and rose to $76.76 before closing back down at $65.01. (GME) have been incredibly volatile in recent days as traders piled into the stock to take advantage of a “short squeeze” which drove the share price to record highs. ![]()
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