GME price growth in the market; what is the reason?

After a long downtrend, shares of GameStop Inc. (GME) are on the rise again, and GME is currently trading at $17.26 per share. Despite the impressive 37% growth in November, GameStop aims to break the $20 price level. GME's price increase coincides with an executive overhaul within the company, indicating GameStop's attempt to reverse its downward trajectory.
In terms of price, GME is below its 200-day moving average, which is very important to reach $20. On the other hand, GameStop's quarterly financial results showed that despite a 9% drop in sales, the net loss decreased.

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With the change in investment methods, GameStop CEO Ryan Cohen's influence is evident in these efforts to grow again. With Cohen at the helm, the company can now invest cash in stocks. Of course, concerns remain about how GME's brick-and-mortar stores will affect its future success. Cohen's role in changing the fortunes of this company is considered very important.
Wall Street analysts are not optimistic about GME's price. Some analysts are predicting a 65% drop to $6 for GameStop shares. However, TradingView's technical analysis for GME is bullish, indicating a buy sentiment among investors in the short term.
To overcome these forecasts, GME must invest strategically to grow its business and reduce reliance on hardware and software sales in a competitive market. This result can increase the capital gain and change the income stream along the entire length.