Motorsport Games Inc (NASDAQ:MSGM) traded at $2.65 at close of the session on Tuesday, April 09, made an upward move of 25.59% on its previous day’s price.
Looking at the stock we see that its previous close was $2.11 and the beta (5Y monthly) reads 2.17 . In terms of its 52-week price range, MSGM has a high of $8.71 and a low of $2.00. The company’s stock has gained about 19.91% over that past 30 days.
Motorsport Games Inc has a market cap of $7.21 million and is expected to release its quarterly earnings report on May 09, 2024 – May 13, 2024.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.75 million, with a low of $2.06 million and a high of $2.06 million. The median projection represents growth adding up to -53.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $6.91 million, or -33.10% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MSGM stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 23.55% off its SMA20 and 14.71% from its 50-day simple moving average. The RSI (14) is pointing at 67.56 while the volatility over the past week is 23.15% and jumps to 9.47% over the past one month. The beta value is 2.16, while the average true range (ATR) is currently pointing at 0.29.
Coming back to Motorsport Games Inc (NASDAQ:MSGM), we note that the average 3-month trading volume was 12.52K, while that of the preceding 10-day period stands at 9210.0. Current shares outstanding are 2.72 million.
The insiders hold 54.45% of the company’s shares while institutions hold 2.09%. The data shows that short shares as of Mar 15, 2024, stood at 7150.0 at a short ratio of 0.38. This represents a 0.26% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 11990.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -14.24% down in year-to-date price movement.
