Analysis: Lost in the 'Gamestonks' mania - What is GameStop actually worth?

FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) - Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company, however, remain unmoved from their conviction that the stock still has much further to fall before it meets reality.

The company's shares soared more than 1,600% in January as retail investors, urged on by popular Reddit forum WallStreetBets, bought the stock as a way to punish hedge funds that had taken an outsized short bet against it.