If you are a gamer or have an interest in gaming, then investing in GameStop stock might be a good idea. The company is one of the largest retailers of video games, consumer electronics, and gaming merchandise in the world. It is headquartered in Grapevine, Texas. In fact, it is the largest video game retailer in the world.
GameStop stock prices have risen over the past few years, but there are risks associated with these shares. It is important to know that the stock could drop below the highs reached in 2021. That being said, it is still possible to purchase a small percentage of GameStop stock today. There are many brokers and online trading platforms that offer GameStop stock.
While investing in Gamestop stock should be done carefully, there are a number of advantages to owning the shares of this retail giant. First, it has a strong balance sheet and a low debt level. Its cash position is more than $1 billion, and it is relatively debt-free at just $35.7 million. Moreover, the company is not over-leveraged and has a healthy debt-to-equity ratio of 1.1.
Moreover, GameStop is one of the few stocks that don’t have a short squeeze on them. As of mid-September, only 16% of GameStop shares were shorted. That means that shorts are less willing to buy the stock.
