Motorsport Games Inc [NASDAQ: MSGM] stock went on an upward path that rose over 45.67% on Wednesday, amounting to a one-week price increase of more than 112.17%.
Over the last 12 months, MSGM stock rose by 264.18%. The one-year Motorsport Games Inc stock forecast points to a potential upside of 2.4. The average equity rating for MSGM stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $28.20 million, with 5.08 million shares outstanding and 2.21 million shares in the current float. Compared to the average trading volume of 1.91M shares, MSGM stock reached a trading volume of 5213428 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 4.23, with the Price to Cash per share for the same quarter was set at 0.71. Price to Free Cash Flow for MSGM in the course of the last twelve months was 148.43 with Quick ratio for the last quarter at 1.92.
MSGM Stock Performance Analysis:
Motorsport Games Inc [MSGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 112.17. With this latest performance, MSGM shares gained by 109.44% in over the last four-week period, additionally plugging by 94.42% over the last 6 months – not to mention a rise of 264.18% 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 79.92, with the RSI for the last a single of trading hit 0.61, and the three-weeks RSI is set at 0.38 for Motorsport Games Inc [MSGM]. The present Moving Average for the last 50 days of trading for this stock 2.70, while it was recorded at 3.52 for the last single week of trading, and 2.40 for the last 200 days.
Insight into Motorsport Games Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Motorsport Games Inc [MSGM] shares currently have an operating margin of -1.02% and a Gross Margin at 71.85%. Motorsport Games Inc’s Net Margin is presently recorded at 23.71%.
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 44.93%, highlighting impressive shareholder gains. The Return on Assets (ROA) is 26.17%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Motorsport Games Inc’s Return on Invested Capital (ROIC) is 38.17%, 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 $57179.49 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.92% and a Quick Ratio of 1.92%, indicating strong ability to cover short-term liabilities.
Motorsport Games Inc [MSGM] Institutonal Ownership Details
There are presently around $3.55%, or 8.16%% of MSGM stock, in the hands of institutional investors.
