The stock of Hall of Fame Resort & Entertainment Company (HOFV) has gone up by 27.57% for the week, with a -28.48% drop in the past month and a -42.72% drop in the past quarter. The volatility ratio for the week is 12.32%, and the volatility levels for the past 30 days are 14.24% for HOFV. The simple moving average for the past 20 days is 6.33% for HOFV’s stock, with a -53.87% simple moving average for the past 200 days.
Is It Worth Investing in Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) Right Now?
The stock has a 36-month beta value of 1.81. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for HOFV is 4.81M, and at present, short sellers hold a 9.07% of that float. On December 03, 2024, the average trading volume of HOFV was 30.21K shares.
HOFV) stock’s latest price update
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) has experienced a rise in its stock price by 18.00 compared to its previous closing price of 1.00. However, the company has seen a gain of 27.57% in its stock price over the last five trading days. prnewswire.com reported 2024-09-20 that CANTON, Ohio, Sept. 20, 2024 /PRNewswire/ — Hall of Fame Village Media, in partnership with ReachTV, is proud to launch Hometown Heroes, offering viewers a rare glimpse into a day in the life of high-level athletes from various sports.
HOFV Trading at -21.74% from the 50-Day Moving Average
After a stumble in the market that brought HOFV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.78% of loss for the given period.
Volatility was left at 14.24%, however, over the last 30 days, the volatility rate increased by 12.32%, as shares sank -1.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.40% lower at present.
During the last 5 trading sessions, HOFV rose by +27.57%, which changed the moving average for the period of 200-days by -64.02% in comparison to the 20-day moving average, which settled at $1.1098. In addition, Hall of Fame Resort & Entertainment Company saw -63.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOFV starting from Van Buiten John, who sale 75 shares at the price of $3.30 back on Dec 26 ’23. After this action, Van Buiten John now owns 2,548 shares of Hall of Fame Resort & Entertainment Company, valued at $248 using the latest closing price.
Stock Fundamentals for HOFV
Current profitability levels for the company are sitting at:
- -1.29 for the present operating margin
- 0.13 for the gross margin
The net margin for Hall of Fame Resort & Entertainment Company stands at -2.42. The total capital return value is set at -0.07. Equity return is now at value -45.40, with -12.33 for asset returns.
Based on Hall of Fame Resort & Entertainment Company (HOFV), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 2.55. The interest coverage ratio of the stock is -1.07.
Currently, EBITDA for the company is -31.33 million with net debt to EBITDA at -23.81. When we switch over and look at the enterprise to sales, we see a ratio of 11.1. The receivables turnover for the company is 13.57for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
To sum up, Hall of Fame Resort & Entertainment Company (HOFV) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
