Even after the meme stock surge and bust, speculators are always searching for the next meme stock. Top meme stocks have certain requirements to qualify as potential algorithmic trading strategies meme stocks. Their fundamentals should be pretty negative, which draws in bears and short sellers who expect the stock price to fall lower. Logically, this makes sense since the fundamentals usually determine a company’s underlying stock price. This negative sentiment causes short interest to rise, another key factor for meme stocks.
- This is a massively simplified explanation of something called shorting, or short selling – words you might’ve seen cropping up in your feeds in the last few days.
- “In the last three months, a basket containing the 50 Russell 3000 stocks with market caps above $1 billion and the largest short interest as a share of float has rallied by 98%.”
- The best meme stocks to buy are usually beaten-down companies with a small market cap and a high percentage of shares sold short.
- The company claims that deriving a credit score is more accurate, reduces lenders’ default risk, and provides borrowers with faster and more personalized loans.
For investors unfamiliar with Troika and TRKA stock, here’s a quick summary. Blockbuster is the last thing that GameStop would like to be in the next couple of years, but the similarities are there. Blockbuster was the leader in its specialty retail niche, which in its case was renting out VHS tapes and then DVD and Blu-ray discs.
EPS of $0.30 for the same period compares with $0.22 a year ago. GameStop (GME) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term. A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. GameStop previously made a push into the crypto space with the launch of wallets that let users manage crypto and non-fungible tokens (NFTs) and also provided access to GameStop’s NFT marketplace.
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Bulls think it will keep moving higher as the country warms up to the digital evolution of the throwback strip mall chain. Bears think that it’s a helium-stretched balloon waiting for a pin to pop. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. However, it’s worth noting that every meme stock mentioned in this article has sometimes fallen over 90% from its highs.
Companies Mentioned in This Article
For now, GameStop remains a lightning rod for both opportunity and risk, embodying the chaotic energy of the meme stock era. The company’s financial maneuvers have also bolstered investor confidence. GameStop’s $1.5 billion bond offering, completed in April 2025, has provided ample liquidity to support its Bitcoin strategy and general corporate purposes. “$GME just became institutional catnip,” one X user posted, reflecting the sentiment that big players are no longer dismissing the stock as a mere meme.
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- For the current and next fiscal years, $3.4 billion and $2.95 billion estimates indicate -11.1% and -13.2% changes, respectively.
- On the other hand, GameStop has been relatively clear about its finances and business outlook.
- GME are trading higher Tuesday, continuing a recent uptrend that appears to be fueled by renewed interest from retail investors as well as upward momentum in Bitcoin BTC/USD.
- The company could not beat consensus revenue estimates in any of the last four quarters.
- Its data center segment is expected to generate $3.5 billion in sales this year, up from previous estimates of $2 billion.
While revenue fell short at $1.28 billion, earnings per share beat expectations and net income more than doubled. The company also ended the quarter with $4.78 billion in cash and equivalents, putting it in a strong position to execute on its new digital asset strategy. GameStop shares are now up about 38% over the past three months.
Meme stocks must have a high short interest to spark a short squeeze. Meme stocks should have social media buzz, a huge rising volume and a small float. To search for trending meme stocks, be sure to visit MarketBeat’s Meme Stock list to compare companies based on figures like share price, short interest, social media engagement, market cap and volume.
That was the fuse triggering the short squeeze, which then took on a life of its own as it moved higher. Even GameStop can’t be the next GameStop stock with just a 16.95% short interest repeating what happened at the dawn of the meme stock bubble. The next GameStop stock will have to have more than a 100% short interest.
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After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it’s important to know a company’s potential revenue growth. GameStop is expected to post earnings of $0.08 per share for the current quarter, representing a year-over-year change of +166.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. Here at Zacks, we prioritize appraising the change in the projection of a company’s future earnings over anything else.
It connects borrowers with lenders, including more than 60 banks and credit unions, to find the right match. The company claims that deriving a credit score is more accurate, reduces lenders’ default risk, and provides borrowers with faster and more personalized loans. UPST reached a high of $401.49 in October 2021 and fell to a low of $11.93 in May 2023. UPST shares are up over 430% in 2023, propelled by its 37.44% short interest.
While the bullish case for GameStop is compelling, the stock’s rally is not without risks. Posts on X show traders buzzing with excitement, with one user, @AlgoXAustin, proclaiming, “$GME THIS IS THE COMEBACK OF THE CENTURY ” and citing Roaring Kitty’s return to Reddit as a catalyst. As a company that has strategically pivoted to holding Bitcoin on its balance sheet, GameStop is riding the wave of crypto-fueled optimism.
He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad. Troika has yet to see a boardroom fight end in a hostile takeover. And TRKA stock shares have been non-compliant with Nasdaq listing requirements for far less time than beaten-down BBIG stock. Troika’s forward EV/EBITDA ratio sits at 3.1X, a figure usually only seen in private-market transactions.
What’s it got to do with Reddit?
Both firms would go on to experience short squeezes in their stock, an essential ingredient to getting retail investors excited. Good old statistical analysis is one method of locating meme stocks. Data like volume and short interest can help spot good meme candidates. And then trading tools like moving averages, momentum oscillators and support/resistance concepts can narrow down entry and exit points to maximize profit. Technical and fundamental analysis has been applied to stock research for decades, and meme stock prices are influenced by many of the same factors as other volatile stock segments. The best meme stocks to buy are usually beaten-down companies with a small market cap and a high percentage of shares sold short.
It allows for buying in at a cheaper price which is always welcome. Palantir Technologies was called the “best pure-play” in AI and also like AMD, should get its quarter’s worth out of this ride. Where once it was firmly just a government agency numbers cruncher, the big data outfit now is firmly ensconced in the commercial market. Revenue from the U.S. enterprise segment is rapidly rising, shooting 70% higher to $131 million last quarter. It reported more than $1 billion in commercial revenue for the full year. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Financial Forecast
ALLO shares reached a high of $55 in May 2020 and fell to a low of $4.30 in June 2023. Tupperware has virtually no competitive advantage, and its sales model is a hindrance rather than helpful. The company also sells kitchen utensils and products prtrend from cutting boards to measuring cups. The company, or the “consultants,” also sells cosmetics and travel container products.
The 1 analyst with a 12-month price forecast for GameStop stock has a target of 10, which predicts a -71.44% decrease from the current stock price of 35.01. The reappearance of “Roaring Kitty,” the pseudonymous investor who sparked the original GameStop rally, has reignited the passion of retail traders. Of course, because SMCI stock is a meme Euro vs.Dollar history stock, the gains are amplified. As we saw with AMD, data center demand is soaring so the hardware needed for them will rise as well.