Motorsport Games (MSGM) Stock Price, News & Analysis

Company Overview

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. It also organizes and facilitates esports tournaments, competitions, and events for its licensed racing games, as well as on behalf of third-party racing game developers and publishers. The company offers its products for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content. The company was founded in 2018 and is headquartered in Miami, Florida. Motorsport Games Inc. operates as a subsidiary of Motorsport Network LLC.

Key Stats

• Today's Range: $1.06 to $1.12
• 50-Day Range: $1.06 to $1.41
• 52-Week Range: $1.01 to $4.16
• Volume: 25,356 shs
• Average Volume: 484,848 shs
• Market Capitalization: $4.15 million
• P/E Ratio: 0.68
• Dividend Yield: N/A
• Price Target: $5.00
• Consensus Rating: Hold

Motorsport Games Stock Analysis - MarketRank™

Motorsport Games scored higher than 29% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Motorsport Games has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Motorsport Games has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Motorsport Games is 0.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Motorsport Games is 0.68, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.33.

Price to Book Value per Share Ratio

Motorsport Games has a P/B Ratio of 1.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.02% of the float of Motorsport Games has been sold short.

Short Interest Ratio / Days to Cover

Motorsport Games has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Motorsport Games has recently increased by 46.26%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Motorsport Games does not currently pay a dividend.

Dividend Growth

Motorsport Games does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.02% of the float of Motorsport Games has been sold short.

Short Interest Ratio / Days to Cover

Motorsport Games has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Motorsport Games has recently increased by 46.26%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

1 people have added Motorsport Games to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Motorsport Games insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.56% of the stock of Motorsport Games is held by insiders.

Percentage Held by Institutions

Only 1.66% of the stock of Motorsport Games is held by institutions.

MSGM Stock Analysis - Frequently Asked Questions

How have MSGM shares performed this year?

Motorsport Games' stock was trading at $3.09 at the beginning of the year. Since then, MSGM stock has decreased by 64.4% and is now trading at $1.10.
View the best growth stocks for 2024 here.

How were Motorsport Games' earnings last quarter?

Motorsport Games Inc. (NASDAQ:MSGM) announced its earnings results on Thursday, November, 4th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by $0.09. The business had revenue of $2.14 million for the quarter, compared to the consensus estimate of $1.40 million. Motorsport Games had a net margin of 52.74% and a trailing twelve-month return on equity of 215.50%.

When did Motorsport Games IPO?

Motorsport Games (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 acted as the underwriters for the IPO.

How do I buy shares of Motorsport Games?

Shares of MSGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Motorsport Games own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Motorsport Games investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 11/04/2021
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:MSGM
• CUSIP: N/A
• CIK: 1821175
• Web: motorsportgames.com
• Phone: 305-507-8799
• Fax: N/A
• Employees: 190
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +354.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.62
• Trailing P/E Ratio: 0.68
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-13,050,000.00
• Net Margins: 52.74%
• Pretax Margin: 29.57%
• Return on Equity: 215.50%
• Return on Assets: 52.86%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.49
• Quick Ratio: 0.49

Sales & Book Value

• Annual Sales: $8.46 million
• Price / Sales: 0.49
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.61 per share
• Price / Book: 1.80

Miscellaneous

• Outstanding Shares: 3,775,000
• Free Float: 3,490,000
• Market Cap: $4.15 million
• Optionable: Not Optionable
• Beta: 2.07