Hall of Fame Resort & Entertainment Company’s Stock Price Plummeted Recently, But There Might Be Trouble Ahead

Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) traded at $0.80 at last check on current trade day and made an upward move of 3.86% on its previous day’s price.

Looking at the stock we see that its previous close was $0.77 and the beta (5Y monthly) reads 2.049 with the day’s price range being $0.7 – $0.8356. In terms of its 52-week price range, HOFV has a high of $3.54 and a low of $0.73. The company’s stock has lost about -8.88% over that past 30 days.

Hall of Fame Resort & Entertainment Company has a market cap of $5.36 million and is expected to release its quarterly earnings report on 2025-Mar-25.

On the other hand, looking at the outlook for the HOFV stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Looking further, we note the current price level is -3.46% off its SMA20 and -12.48% from its 50-day simple moving average. The RSI (14) is pointing at 41.20 while the volatility over the past week is 4.26% and jumps to 4.54% over the past one month. The beta value is 2.11, while the average true range (ATR) is currently pointing at 0.05.

Coming back to Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV), we note that the average 3-month trading volume was 39.07K, while that of the preceding 10-day period stands at 0.11 million. Current shares outstanding are 6.56 million.

The insiders hold 27.27% of the company’s shares while institutions hold 3.55%. The data shows that short shares as of 2025-03-31, stood at 0.37 million at a short ratio of 17.75. This represents a 777.00 short interest in shares outstanding on 2025-03-31. Shares short fall in March from the previous month at 0.38 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -38.46% down in year-to-date price movement.

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