Motorsport Games Inc (MSGM) Analysis & Forecast for 2024

Motorsport Games Inc (NASDAQ: MSGM) is -57.61% lower on its value in year-to-date trading and has touched a low of $1.01 and a high of $4.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MSGM stock was last observed hovering at around $1.17 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $1.31, the stock is -0.62% and -28.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.91 million and changing 11.97% at the moment leaves the stock -43.98% off its SMA200. MSGM registered -69.10% loss for a year compared to 6-month loss of -41.78%.

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The stock witnessed a -18.13% gain in the last 1 month and extending the period to 3 months gives it a -46.96%, and is 3.97% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.77% over the week and 13.81% over the month.

Motorsport Games Inc (MSGM) has around 71 employees, a market worth around $4.17M and $8.35M in sales. Current P/E ratio is 3.72. Profit margin for the company is 11.52%. Distance from 52-week low is 29.70% and -72.30% from its 52-week high. The company has generated returns on investments over the last 12 months (22.20%).

Motorsport Games Inc (MSGM) Top Institutional Holders

7.0 institutions hold shares in Motorsport Games Inc (MSGM), with institutional investors hold 3.15% of the company’s shares. The shares outstanding are 2.72M, and float is at 1.65M with Short Float at 1.63%. Institutions hold 1.63% of the Float.