Motorsport Games Inc [NASDAQ: MSGM] plunged by -$0.11 during the normal trading session on Thursday and reaching a high of $2.3 during the day while it closed the day at $2.19.
Motorsport Games Inc stock has also loss -8.75% of its value over the past 7 days. However, MSGM stock has declined by -33.64% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.60% and gained 82.50% year-on date.
The market cap for MSGM stock reached $12.65 million, with 5.08 million shares outstanding and 0.50 million shares in the current float. Compared to the average trading volume of 17.21K shares, MSGM reached a trading volume of 529636 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 Price to Book ratio for the last quarter was 2.31, with the Price to Cash per share for the same quarter was set at 0.41.
MSGM stock trade performance evaluation
Motorsport Games Inc [MSGM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.75. With this latest performance, MSGM shares dropped by -13.44% in over the last four-week period, additionally sinking by -5.60% over the last 6 months – not to mention a rise of 63.43% 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 32.23, with the RSI for the last a single of trading hit 0.13, and the three-weeks RSI is set at 0.13 for Motorsport Games Inc [MSGM]. The present Moving Average for the last 50 days of trading for this stock 2.63, while it was recorded at 2.32 for the last single week of trading, and 2.35 for the last 200 days.
Motorsport Games Inc [MSGM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Motorsport Games Inc [MSGM] shares currently have an operating margin of -34.73% and a Gross Margin at 65.43%. Motorsport Games Inc’s Net Margin is presently recorded at 17.90%.
Motorsport Games Inc (MSGM) Capital Structure & Debt Analysis
According to recent financial data for Motorsport Games Inc. ( MSGM), the Return on Equity (ROE) stands at 31.90%, highlighting impressive shareholder gains. The Return on Assets (ROA) is 18.94%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Motorsport Games Inc’s Return on Invested Capital (ROIC) is 30.19%, showcasing its effectiveness in deploying capital for earnings.
Motorsport Games Inc (MSGM) Efficiency & Liquidity Metrics
Based on Motorsport Games Inc’s (MSGM) latest financial statements, the Debt-to-Equity Ratio is 0.01%, indicating its reliance on debt financing relative to shareholder equity.
Motorsport Games Inc (MSGM) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Motorsport Games Inc. (MSGM) effectively leverages its workforce, generating an average of $37179.49 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.85% and a Quick Ratio of 1.85%, indicating strong ability to cover short-term liabilities.
Motorsport Games Inc [MSGM]: Institutional Ownership
There are presently around $3.21%, or 7.36%% of MSGM stock, in the hands of institutional investors.
