Motorsport Games Inc (NASDAQ:MSGM) does about 1.39M shares in volume on a normal day but saw 1310371 shares change hands in the recent trading day. The company now has a market cap of 5.47M USD. Its current market price is $1.72, marking an increase of 14.67% compared to the previous close of $1.50. The 52 week high reached by this stock is $4.73 whilst the lowest price level in 52 weeks is $1.01.
Motorsport Games Inc (MSGM) has a 20-day trading average at $1.2815 and the current price is -63.64% off the 52-week high compared with 70.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4539 and its 200-day simple moving average is $2.2230. If we look at the stock’s price movements over the week, volatility stands at 18.81%, which decreases to 12.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.63 to suggest the stock is neutral.
The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 65.6% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 19, 2021 when DA Davidson initiated the stock to “Buy” and issued a price target of $15. Canaccord Genuity initiated its price target at $40.
The current price level is 37.30%, 17.34%, and -22.76% away from its SMA20, SMA50, and SMA200 respectively, with the MSGM price moving below the 50-day SMA on current market day. Motorsport Games Inc (MSGM) stock is up 56.36% over the week and 49.57% over the past month. Its price is -44.34% year-to-date and -54.86% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -3.02 below consensus estimates by -1.11. The company’s next earnings report forecasts estimating quarterly EPS at -0.63 and -1.02 for whole year. Expected sales for next quarter are $3.3M, which analysts say will come at $10.1M for the current fiscal year and next year at $14.4M. In addition, estimates put the company’s current quarterly revenue at an average of $2M.
To reach the target analysts have set, the stock logically needs to grow 65.6 percent from here.
The company has a return on investment of 22.20% and return on equity of 25.40%. The price to earnings ratio (P/E ratio) amounts to 4.88. The beta has a value of 2.03. Price to book ratio is 1.09 and price to sales ratio is 0.66.
