GME Stock Today: Burry Buying Fuels Value Case Amid Rally — January 28
GME Michael Burry sparked fresh interest in GameStop after saying he is buying shares as a value play near tangible book and backing Ryan Cohen’s discipline. GameStop (GME) traded at US$24.21 today, up 0.83%, with a 17.41% gain year to date. His stance moves attention from memes to fundamentals and capital deployment. For Canadians, trading occurs in U.S. dollars, so returns also reflect currency moves. Below we size up valuation, technicals, key dates, and portfolio fit.
Why Burry’s value case matters now
GME Michael Burry highlighted buying near 1x tangible book. GameStop’s tangible book value per share is US$11.85, while the price to book is about 2.04 today. The stock also trades near a 25.6x TTM P/E and 2.84x sales. That mix shows a balance sheet anchor but not a deep discount at the current quote, making execution key for any re-rating.
GameStop holds strong liquidity, with cash per share around US$19.72 and a current ratio of 10.39. No dividend is paid, keeping options open for buybacks or selective investments under Ryan Cohen. Still, Street coverage is thin: 1 Sell and no Buys, with a Neutral company grade of B and HOLD suggestion. GME Michael Burry adds credibility, but delivery must follow.
What today’s rally says about sentiment
The GME rally shows improving sentiment. Price is US$24.21, up 0.83% today, within a US$23.24 to US$24.50 range. Volume hit 15.86 million versus a 6.57 million average. Shares are up 17.41% year to date, yet down 10.27% over one year, with a 52-week range of US$19.93 to US$35.81. Liquidity has clearly picked up.
Momentum is mixed. RSI sits at 47.97. MACD is slightly negative and ADX is 22.79, suggesting a modest trend. Price is above the upper Bollinger Band of 23.27 and near the 200-day at 24.11, with the 50-day at 21.61. ATR is 0.71, hinting at active swings. GME Michael Burry may keep buyers engaged, but levels matter.
What Canadian investors should consider
Canadians typically buy GME on the NYSE in U.S. dollars. FX conversion and any broker fees can affect total return. A USD sub-account can help reduce repeated conversions. Taxes apply to gains; the company pays no dividend. GME Michael Burry is a strong headline, but CAD results still depend on currency moves alongside price performance.
Treat this as a special situation with value and sentiment layers. Keep position sizes modest, predefine exits, and review often. Internal models show possible paths at US$19.16 monthly, US$16.61 quarterly, and US$11.46 yearly. These are not guarantees. Expect volatility during any GME rally phases and stay focused on execution, cash generation, and costs.
Catalysts, dates, and what to watch
Mark March 23, 2026 for the next earnings report. We will watch gross margin near 30.79%, days of inventory at 79.7, and free cash flow per share around 1.27. Revenue fell 27.5% in FY 2024, so stabilization matters. At roughly 2.04x book, progress on profitability can support the GME Michael Burry value thesis.
Potential catalysts include buybacks, tighter costs, and better ecommerce traction. Risks include softer demand, execution slips, and sentiment swings. Limited analyst coverage means wider reaction bands. Any confirmed Ryan Cohen buying or capital return update could be material. See coverage of the GME Michael Burry comments on CNBC and Bloomberg.
Final Thoughts
The signal from GME Michael Burry reframes GameStop as a balance-sheet-backed value case, not just a trade. For us, three checks matter now. First, watch capital deployment under Ryan Cohen, notably buybacks versus growth investments. Second, track margins, inventory health, and free cash flow against the March 23 print. Third, manage risk with size limits, stop-loss rules, and attention to the 50-day and 200-day marks. Canadian investors should also manage FX costs with USD accounts where possible. If fundamentals improve while valuation stays near book, a durable re-rating becomes more likely. If not, volatility can reset prices fast. Stay data driven and nimble.
FAQs
Is GameStop a value play after Burry’s comments?
GME Michael Burry called out buying near 1x tangible book, which supports a value angle. Today the stock trades closer to 2.04x book and about 25.6x TTM earnings. That means the easy discount is gone. A stronger case needs proof on margins, free cash flow, and clear capital returns.
What risks should Canadians weigh before buying GME?
Expect high volatility, thin analyst coverage, and sentiment swings. FX costs and currency moves can change CAD returns. Execution risk is real as revenue trends remain soft. Keep position sizes small, use USD sub-accounts where possible, and review results, cash flow, and any buyback updates closely.
Which technical levels matter right now?
Watch the 200-day near US$24.11 and the 50-day near US$21.61. RSI around 48 is neutral, while ATR near 0.71 signals active swings. Price above the upper Bollinger Band can fade quickly. Define entries and exits and be ready to adjust if the GME rally loses momentum.
What should investors monitor into next earnings?
Focus on gross margin near 30.79%, inventory days around 79.7, and free cash flow per share near 1.27. Any plan on buybacks or capital use under Ryan Cohen is key. Guidance on demand and cost control will shape whether the GME Michael Burry value case holds up.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
