Motorsport Games Inc (NASDAQ: MSGM) has a higher price-to-earnings ratio of 4.88x compared to its average ratio, The 36-month beta value for MSGM is at 2.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MSGM is 1.64M, and currently, shorts hold a 8.42% of that float. The average trading volume for MSGM on September 30, 2024 was 1.39M shares.
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MSGM) stock’s latest price update
Motorsport Games Inc (NASDAQ: MSGM) has experienced a rise in its stock price by 14.67 compared to its previous closing price of 1.50. However, the company has seen a gain of 56.36% in its stock price over the last five trading days. globenewswire.com reported 2024-09-24 that MIAMI, Sept. 24, 2024 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) has released the September Update for “Le Mans Ultimate”, the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update, available now, includes a new co-op game mode, a completed Hypercar grid, and the release of iconic new content for fans of sportscar and sim racing.
MSGM’s Market Performance
Motorsport Games Inc (MSGM) has experienced a 56.36% rise in stock performance for the past week, with a 49.57% rise in the past month, and a -28.03% drop in the past quarter. The volatility ratio for the week is 18.81%, and the volatility levels for the past 30 days are at 12.87% for MSGM. The simple moving average for the past 20 days is 37.30% for MSGM’s stock, with a -22.76% simple moving average for the past 200 days.
Analysts’ Opinion of MSGM
Many brokerage firms have already submitted their reports for MSGM stocks, with DA Davidson repeating the rating for MSGM by listing it as a “Buy.” The predicted price for MSGM in the upcoming period, according to DA Davidson is $15 based on the research report published on August 19, 2021 of the previous year 2021.
The Benchmark Company, on the other hand, stated in their research note that they expect to see MSGM reach a price target of $42. The rating they have provided for MSGM stocks is “Buy” according to the report published on February 08th, 2021.
Canaccord Genuity gave a rating of “Buy” to MSGM, setting the target price at $40 in the report published on February 08th of the previous year.
MSGM Trading at 17.34% from the 50-Day Moving Average
After a stumble in the market that brought MSGM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.64% of loss for the given period.
Volatility was left at 12.87%, however, over the last 30 days, the volatility rate increased by 18.81%, as shares surge +50.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.86% lower at present.
During the last 5 trading sessions, MSGM rose by +56.36%, which changed the moving average for the period of 200-days by -30.51% in comparison to the 20-day moving average, which settled at $1.2815. In addition, Motorsport Games Inc saw -44.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MSGM
Current profitability levels for the company are sitting at:
- -0.96 for the present operating margin
- 0.62 for the gross margin
The net margin for Motorsport Games Inc stands at 0.12. The total capital return value is set at -2.61. Equity return is now at value 25.40, with 9.37 for asset returns.
Based on Motorsport Games Inc (MSGM), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -32.92. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 113.81.
Currently, EBITDA for the company is -13.29 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 9.95for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
Conclusion
In conclusion, Motorsport Games Inc (MSGM) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
