Motorsport Games - MSGM Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Motorsport Games in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MSGM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSGM, but not buy additional shares or sell existing shares.
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5 brokerages have issued 1 year target prices for Motorsport Games' stock. Their MSGM share price forecasts range from $0.60 to $5.00. On average, they anticipate the company's stock price to reach $3.53 in the next twelve months. This suggests that the stock has a possible downside of 33.7%.
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Motorsport Games' stock was trading at $3.40 at the beginning of the year. Since then, MSGM stock has increased by 56.8% and is now trading at $5.33.
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Motorsport Games saw a increase in short interest in November. As of November 15th, there was short interest totaling 53,400 shares, an increase of 23.3% from the October 31st total of 43,300 shares. Based on an average daily trading volume, of 60,400 shares, the short-interest ratio is currently 0.9 days. Currently, 11.6% of the shares of the stock are sold short.
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Motorsport Games Inc. (NASDAQ:MSGM) released its quarterly earnings results on Friday, November, 18th. The company reported ($7.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($4.90) by $2.39. The company earned $1.22 million during the quarter, compared to the consensus estimate of $2.85 million. Motorsport Games had a negative net margin of 257.60% and a negative trailing twelve-month return on equity of 140.22%.

(MSGM) raised $58 million in an initial public offering on Tuesday, January 12th 2021. The company issued 3,000,000 shares at $19.00-$20.00 per share. Canaccord Genuity and The Benchmark Company served as the underwriters for the IPO.

Motorsport Games trades on the NASDAQ under the ticker symbol "MSGM."

Motorsport Games' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (6.54%), Vanguard Group Inc. (3.36%) and EMC Capital Management (3.02%).

Shares of MSGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSGM stock can currently be purchased for approximately $5.33.

Motorsport Games (NASDAQ:MSGM) has a market capitalization of $9.95 million and generates $15.08 million in revenue each year. The company earns $-33,160,000.00 in net income (profit) each year or ($32.59) on an earnings per share basis.

The company employs 167 workers across the globe.

Motorsport Games' mailing address is 5972 NE 4TH AVENUE, MIAMI FL, 33137. The official website for the company is motorsportgames.com. The company can be reached via phone at 305-507-8799 or via email at investors@motorsportgames.com.