Analyzing the Price-to-Earnings Ratio of Mobile Global Esports Inc (MGAM)

The 36-month beta value for MGAM is also noteworthy at 3.56. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for MGAM is 17.29M, and at present, short sellers hold a 0.57% of that float. The average trading volume of MGAM on April 04, 2024 was 280.44K shares.

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MGAM) stock’s latest price update

Mobile Global Esports Inc (NASDAQ: MGAM) has experienced a decline in its stock price by -9.50 compared to its previous closing price of 0.16. However, the company has seen a fall of -8.94% in its stock price over the last five trading days. Accesswire reported 2023-06-12 that LOS ANGELES, CA, WESTPORT, CT and MUMBAI, INDIA / ACCESSWIRE / June 12, 2023 / Mobile Global Esports Inc. (MOGO) (NASDAQ:MGAM), the mobile esports and social platform company driving collegiate esports tournaments, social platform development and data services in India, today announced that the Company will be presenting at PWR Up LA on Tuesday, June 13th, 2023. PWR Up is an Esports Awards industry event hosted by Nixon Peabody at their Los Angeles facility at 300 S.

MGAM’s Market Performance

Mobile Global Esports Inc (MGAM) has experienced a -8.94% fall in stock performance for the past week, with a -30.62% drop in the past month, and a -59.53% drop in the past quarter. The volatility ratio for the week is 17.32%, and the volatility levels for the past 30 days are at 12.24% for MGAM. The simple moving average for the past 20 days is -26.52% for MGAM’s stock, with a -60.22% simple moving average for the past 200 days.

MGAM Trading at -35.63% from the 50-Day Moving Average

After a stumble in the market that brought MGAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.28% of loss for the given period.

Volatility was left at 12.24%, however, over the last 30 days, the volatility rate increased by 17.32%, as shares sank -28.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.04% lower at present.

During the last 5 trading sessions, MGAM fell by -8.94%, which changed the moving average for the period of 200-days by -72.23% in comparison to the 20-day moving average, which settled at $0.1954. In addition, Mobile Global Esports Inc saw -55.17% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for MGAM

The total capital return value is set at -0.75. Equity return is now at value -55.59, with -52.83 for asset returns.

Based on Mobile Global Esports Inc (MGAM), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -16.09. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 1184.03.

Currently, EBITDA for the company is -1.28 million with net debt to EBITDA at 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.43.

Conclusion

In summary, Mobile Global Esports Inc (MGAM) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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