Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 19,900 shares, a decline of 26.3% from the August 15th total of 27,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 406,700 shares, the days-to-cover ratio is currently 0.0 days.
Motorsport Games Stock Down 3.2 %
MSGM stock traded down $0.04 during trading on Monday, reaching $1.21. 14,989 shares of the company’s stock were exchanged, compared to its average volume of 294,699. The company’s fifty day moving average price is $1.63 and its 200-day moving average price is $2.15. The firm has a market cap of $4.14 million, a PE ratio of -0.35 and a beta of 1.99. Motorsport Games has a 1-year low of $1.01 and a 1-year high of $4.73.
Motorsport Games (NASDAQ:MSGM – Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.87 earnings per share (EPS) for the quarter. Motorsport Games had a return on equity of 58.22% and a net margin of 11.52%. The firm had revenue of $1.88 million for the quarter.
Institutional Investors Weigh In On Motorsport Games
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a “hold” rating and issued a $5.00 price objective on shares of Motorsport Games in a report on Thursday, July 11th.
Get Our Latest Stock Report on Motorsport Games
About Motorsport Games
Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.
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