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GME Stock Forecast: Will the Frenzy happen again in 2023?

This GME Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

GME’s right-sizing business and outstanding performance in the fourth quarter and FY2022 undoubtedly rekindled investors’ confidence. It had a positive net income of $48.2 million in the fourth quarter of 2022, the first quarterly profit in two years.
GME’s borrow fees are 11.57%, making it the sixth most expensive stock to short, presenting a positive public sentiment towards investing in GME.
Ryan Cohen, GME’s Chairman, bought 100,000 shares on March 22, 2023, fueling the market’s passion for investment in GME.