Market cap of Hall of Fame Resort & Entertainment Company [HOFV] reaches 121.54M – now what?

Hall of Fame Resort & Entertainment Company [NASDAQ: HOFV] stock went on an upward path that rose over 14.65% on Monday, amounting to a one-week price increase of more than 26.82%. The company report on January 22, 2021 that Football Legend Tim Brown, Hall of Fame Resort and Entertainment Company and Elite Holdings to Collaborate on Original NFL Films Documentary.

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Documentary will showcase the select few athletes who won the Heisman Trophy and are enshrined in the Pro Football Hall of Fame.

2015 Pro Football Hall of Fame Enshrinee and 1987 Heisman Trophy winner Tim Brown, Hall of Fame Resort & Entertainment Company (“HOFV”) (NASDAQ: HOFV, HOFVW) and Elite Holdings, LLC (“Elite”), announced the development of The Nine, a new, one-of-a-kind documentary which will be produced in partnership with NFL Films. The Nine will profile the individuals who have both won a Heisman Trophy and have been enshrined into the Pro Football Hall of Fame (“H2H athletes”).

Over the last 12 months, HOFV stock dropped by -69.24%. The average equity rating for HOFV stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $121.54 million, with 32.58 million shares outstanding and 13.40 million shares in the current float. Compared to the average trading volume of 5.14M shares, HOFV stock reached a trading volume of 8149088 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Hall of Fame Resort & Entertainment Company [HOFV]:

The Average True Range (ATR) for Hall of Fame Resort & Entertainment Company is set at 0.19, with the Price to Sales ratio for HOFV stock in the period of the last 12 months amounting to 22.93. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 0.15.

HOFV Stock Performance Analysis:

Hall of Fame Resort & Entertainment Company [HOFV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.82. With this latest performance, HOFV shares gained by 70.68% in over the last four-week period, additionally sinking by -58.27% over the last 6 months – not to mention a drop of -69.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOFV stock in for the last two-week period is set at 70.76, with the RSI for the last a single of trading hit 77.75, and the three-weeks RSI is set at 63.73 for Hall of Fame Resort & Entertainment Company [HOFV]. The present Moving Average for the last 50 days of trading for this stock 1.54, while it was recorded at 2.02 for the last single week of trading, and 5.44 for the last 200 days.

Insight into Hall of Fame Resort & Entertainment Company Fundamentals:

Return on Total Capital for HOFV is now -1.20, given the latest momentum, and Return on Invested Capital for the company is 0.70. Return on Equity for this stock inclined to 0.70, with Return on Assets sitting at 0.67. When it comes to the capital structure of this company, Hall of Fame Resort & Entertainment Company [HOFV] has a Total Debt to Total Equity ratio set at 2.76. Additionally, HOFV Total Debt to Total Capital is recorded at 2.69, with Total Debt to Total Assets ending up at 2.57. Long-Term Debt to Equity for the company is recorded at 2.76, with the Long-Term Debt to Total Capital now at 2.69.

Hall of Fame Resort & Entertainment Company [HOFV] Insider Position Details

There are presently around $2 million, or 7.30% of HOFV stock, in the hands of institutional investors. The top three institutional holders of HOFV stocks are: STALEY CAPITAL ADVISERS INC with ownership of 258,960, which is approximately 82.196% of the company’s market cap and around 4.80% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 141,440 shares of the stock with an approximate value of $0.32 million in HOFV stocks shares; and CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC., currently with $0.12 million in HOFV stock with ownership of nearly -44.055% of the company’s market capitalization.

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Positions in Hall of Fame Resort & Entertainment Company stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 14 institutional holders increased their position in Hall of Fame Resort & Entertainment Company [NASDAQ:HOFV] by around 424,427 shares. Additionally, 6 investors decreased positions by around 164,197 shares, while 0 investors held positions by with 87,311 shares. The mentioned changes placed institutional holdings at 675,935 shares, according to the latest SEC report filing. HOFV stock had 11 new institutional investments in for a total of 306,131 shares, while 4 institutional investors sold positions of 109,516 shares during the same period.

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