Update from Motorsport Games Inc. (MSGM): A steady trajectory

The closing price of Motorsport Games Inc. (NASDAQ: MSGM) was $6.80 for the day, up 51.11% from the previous closing price of $4.50. In other words, the price has increased by $+2.30 from its previous closing price. On the day, 1175170 shares were traded. MSGM stock price reached its highest trading level at $8.67 during the session, while it also had its lowest trading level at $4.30.

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Our analysis of MSGM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, DA Davidson on August 19, 2021, initiated with a Buy rating and assigned the stock a target price of $15.

On February 08, 2021, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $42.

On February 08, 2021, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $40.Canaccord Genuity initiated its Buy rating on February 08, 2021, with a $40 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 0.86.

Stock Price History:

Over the past 52 weeks, MSGM has reached a high of $99.40, while it has fallen to a 52-week low of $4.50. The 50-Day Moving Average of the stock is 7.28, while the 200-Day Moving Average is calculated to be 11.15.

Shares Statistics:

MSGM traded an average of 37.85K shares per day over the past three months and 196.9k shares per day over the past ten days. A total of 1.86M shares are outstanding, with a floating share count of 0.46M. Insiders hold about 60.53% of the company’s shares, while institutions hold 3.30% stake in the company. Shares short for MSGM as of Oct 13, 2022 were 64.4k with a Short Ratio of 0.01M, compared to 155.32k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.55% and a Short% of Float of 1.94%.

Earnings Estimates

The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of -$0.5 for the current quarter, with a high estimate of -$0.46 and a low estimate of -$0.55, while EPS last year was -$0.56. The consensus estimate for the next quarter is -$0.42, with high estimates of -$0.27 and low estimates of -$0.56.

Analysts are recommending an EPS of between -$2.66 and -$3.04 for the fiscal current year, implying an average EPS of -$2.83. EPS for the following year is -$1.72, with 2 analysts recommending between -$1.34 and -$2.11.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $3.77M to a low estimate of $2.85M. As of the current estimate, Motorsport Games Inc.’s year-ago sales were $1.67M, an estimated increase of 93.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $5.29M, a decrease of -35.70% less than the figure of $93.40% in the same quarter last year. There is a high estimate of $6.2M for the next quarter, whereas the lowest estimate is $4.4M.

A total of 4 analysts have provided revenue estimates for MSGM’s current fiscal year. The highest revenue estimate was $15.08M, while the lowest revenue estimate was $12.58M, resulting in an average revenue estimate of $13.84M. In the same quarter a year ago, actual revenue was $15.07M, down -8.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $21.27M in the next fiscal year. The high estimate is $22.7M and the low estimate is $20M. The average revenue growth estimate for next year is up 53.70% from the average revenue estimate for this year.