Mobile Global Esports Inc (NASDAQ: MGAM)’s stock price has increased by 128.64 compared to its previous closing price of 0.12. However, the company has seen a 72.55% increase in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Mobile Global Esports Inc (NASDAQ: MGAM) Right Now?
Additionally, the 36-month beta value for MGAM is 3.67. 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 currently, short sellers hold a 0.57% ratio of that float. The average trading volume of MGAM on April 09, 2024 was 283.76K shares.
MGAM’s Market Performance
MGAM stock saw an increase of 72.55% in the past week, with a monthly gain of 31.66% and a quarterly increase of -14.79%. The volatility ratio for the week is 12.44%, and the volatility levels for the last 30 days are 12.59% for Mobile Global Esports Inc (MGAM). The simple moving average for the last 20 days is 51.43% for MGAM stock, with a simple moving average of -22.27% for the last 200 days.
MGAM Trading at 29.27% 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 -71.94% of loss for the given period.
Volatility was left at 12.59%, however, over the last 30 days, the volatility rate increased by 12.44%, as shares surge +45.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.52% upper at present.
During the last 5 trading sessions, MGAM rose by +93.73%, which changed the moving average for the period of 200-days by -41.70% in comparison to the 20-day moving average, which settled at $0.1883. In addition, Mobile Global Esports Inc saw -14.52% 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 conclusion, Mobile Global Esports Inc (MGAM) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
