Motorsport Games Inc [NASDAQ: MSGM] gained 32.60% or 0.74 points to close at $3.01 with a heavy trading volume of 6510538 shares.
The daily chart for MSGM points out that the company has recorded 0.33% gains over the past six months.
If we look at the average trading volume of 234.72K shares, MSGM reached to a volume of 6510538 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Motorsport Games Inc [MSGM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MSGM shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MSGM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for Motorsport Games Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 19, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on February 08, 2021, representing the official price target for Motorsport Games Inc stock. Previously, the target price had yet another raise to $40, while Canaccord Genuity analysts kept a Buy rating on MSGM stock.
The Average True Range (ATR) for Motorsport Games Inc is set at 0.29, with the Price to Sales ratio for MSGM stock in the period of the last 12 months amounting to 1.18. The Price to Book ratio for the last quarter was 2.69, with the Price to Cash per share for the same quarter was set at 0.62.
Trading performance analysis for MSGM stock
Motorsport Games Inc [MSGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.78. With this latest performance, MSGM shares gained by 42.65% in over the last four-week period, additionally plugging by 0.33% over the last 6 months – not to mention a drop of -39.56% 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 MSGM stock in for the last two-week period is set at 65.13, with the RSI for the last a single of trading hit 71.07, and the three-weeks RSI is set at 61.57 for Motorsport Games Inc [MSGM]. The present Moving Average for the last 50 days of trading for this stock 2.35, while it was recorded at 2.43 for the last single week of trading, and 3.04 for the last 200 days.
Motorsport Games Inc [MSGM]: A deeper dive into fundamental analysis
Motorsport Games Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.46.
An analysis of Institutional ownership at Motorsport Games Inc [MSGM]
The top three institutional holders of MSGM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MSGM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MSGM stock with ownership which is approximately 5.8386%.
