GameStop considering investing in bitcoin, other crypto, sources say

Analysts are clearly optimistic about Rigetti Computing, with all five covering the stock giving it a “Strong Buy” rating. However, the average analyst price target is $6.10, which is well below Rigetti’s current price. While this massive jump highlights its growth potential, it also shows how quickly things can turn. After hitting its peak, the stock dropped by more than 45% in a single day on Jan. 8. Quantum computing stocks took a wild turn in early 2025, with Rigetti Computing RGTI becoming the center of speculative trading, much like GameStop GME a few years ago. The stock skyrocketed by nearly 1,445% in 2024, only to drop 25% in early 2025.

Short Squeeze Stocks: iRobot (IRBT)

  • Thus, prospective buyers will need to be careful — but you knew that already.
  • Unfortunately, post-business-combination SPACs (special purpose acquisition companies) stink, at least compared to the trailing-year performance relative to benchmark indices.
  • If you combine it with a high short ratio, there are high chances that a Reddit-induced surge could be around the corner.
  • Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.
  • With this in mind, I believe the three stocks below have the potential to see GameStop’s levels of gains in the right market conditions.
  • On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

Also, while the company doesn’t have the bearish attention that earlier Reddit stocks “enjoyed,” its still on some short traders’ radar. At present, CNK stock has a short percent of float of 30.2%, though its short ratio is somewhat modest at 6.6. The other reason why Corsair appears too obvious is how bearish the market is on CRSR stock. As of the latest read (Dec. 31, 2021), CRSR features a short percentage of float of 36.6%. Combined, these figures tempt — though absolutely not guarantee — a short-squeeze trade. Under Cohen’s leadership, GameStop has focused on cutting costs and streamlining operations to ensure the business is profitable even though it is not growing.

The next GameStop? 38 heavily shorted stocks that retail investors could target next, according to Goldman Sachs

Then again, the same could be said about the very hedge funds the social media crowd targeted. The irony, though, is that committing such acts ruins the ecological balance that organically promotes harmony in nature. In the investment market, short trading is necessary, in part to weed out underperformers from accruing any more capital from unsuspecting or unsophisticated investors. Furthermore, short trading may facilitate holistic price discovery, thus potentially mitigating wild peaks and valleys.

Five Stocks that Could be The Next GameStop

From now on, people may have a permanent interest in cryptos, irrespective of the digital market’s valuation. I’m probably going to get trashed for mentioning Corsair Gaming as a possible big play among Reddit stocks in 2022. Over the trailing one-year period heading into the first weekend of the new year, shares plummeted exactly 47%. Undoubtedly, some folks in the social media crowd jumped on CRSR stock last year, likely prompting negative feelings. Saylor, a vocal bitcoin evangelist, has pushed for more companies to buy the token.

As of Nov. 2, the company had amassed a $4.6 billion cash pile and has been using those funds for investments, according to a December securities filing. “The past 25 years have witnessed a number of sharp short squeezes in the U.S. equity market, but none as extreme as has occurred recently,” Kostin wrote in the note, published on January 29. “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%.” They are piling into stocks with high short interest – in other words, companies where many shares are being used to bet against the stock – with the intention of setting off a short squeeze.

Wall Street sets SoundHound stock price for the next 12 months

Although the bungled acquisition attempt saw Spirit shed Green hydrogen stocks around 50% of its market value, the stock found a vocal supporter in Barstool Sports founder and owner Dave Portnoy. In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more. He’s also written for Esquire magazine’s Dubious Achievements Awards.

  • After all, crime — particularly property crime — is on the rise in the post-pandemic period, cynically boding well for CXW stock.
  • Rigetti’s stock performance has drawn comparisons to GameStop’s famous 2021 surge.
  • It uses a variety of sensors to map out your floor plans and clean every inch efficiently.
  • Elsewhere, a review of GameStop’s technical indicators aligns with bearish sentiments.
  • Yes, if you are accustomed to Tesla-like growth, the numbers may be disappointing.
  • In the third quarter of 2024 it brought in $2.4 million in revenue but reported an operating loss of $17.3 million and a net loss of $14.8 million.
  • As per the article, although the surge in GameStop stock could drop anytime and not have any real effects on the economy, if Nokia share price hiked, it could have drastic consequences.

The entity leasing the property will benefit from using it without outright purchase, and the landlord gets a developed property after the lease term is over. Hence, iStar is essentially a leasing business, and it principally makes money from lease payments. With so many uses, it’s no wonder why robotics is a hot topic for investors. However, one company that does not come up very often is iRobot, a Bedford, Massachusetts-based company that designs and builds consumer robots. The company was founded in https://www.forex-world.net/ 1990 by MIT professor Dr. Rodney Brooks and engineer Helen Greiner. They saw a need for robots to help humans do their jobs better, more safely and more efficiently, and they’re still doing that today.

The Next GameStop? 3 Undiscovered Meme Stocks to Watch.

In March 2020, they were trading at $2.31, but they have gone down to $2.26. According to Yahoo News, COVID-19 has helped the company realize its potential. The company estimates that by 2025, it will have established between 5 and 10 plasma centers. The third center could be up and running by April 2021, and if all the others go according to plan, the company shares could see a rise of 260% to reach a target price of $7. You never know the value of something until you no longer have it and that is what happened to Lowe’s. We took it for granted coinsmart review that we could walk into any of the stores and buy some products.