Motorsport Games Inc [MSGM] stock prices are up 145.54% to $2.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MSGM shares have gain 233.33% over the last week, with a monthly amount glided 120.00%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Motorsport Games Inc [NASDAQ: MSGM] stock has seen the most recent analyst activity on August 19, 2021, when DA Davidson initiated its Buy rating and assigned the stock a price target of $15. Previously, The Benchmark Company started tracking the stock with Buy rating on February 08, 2021, and set its price target to $42. On February 08, 2021, Canaccord Genuity initiated with a Buy rating and assigned a price target of $40 on the stock.
The stock price of Motorsport Games Inc [MSGM] has been fluctuating between $0.73 and $3.75 over the past year. Motorsport Games Inc [NASDAQ: MSGM] shares were valued at $2.75 at the most recent close of the market.
Analyzing the MSGM fundamentals
The Motorsport Games Inc [NASDAQ:MSGM] reported sales of 8.69M for trailing twelve months, representing a surge of 12.96%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.35%, and Net Profit Margin reading is -0.36%. To continue investigating profitability, this company’s Return on Assets is posted at -0.5, Equity is -1.13 and Total Capital is -1.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.59 points at the first support level, and at 0.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.51, and for the 2nd resistance point, it is at 4.26.
Ratios To Look Out For
It’s worth pointing out that Motorsport Games Inc [NASDAQ:MSGM]’s Current Ratio is 0.56. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 17.64.
