Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 36,700 shares, a decline of 76.4% from the September 30th total of 155,600 shares. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.2% of the company’s stock are short sold.
Motorsport Games Price Performance
Shares of NASDAQ MSGM traded up $0.02 during midday trading on Friday, hitting $1.32. 13,410 shares of the company’s stock were exchanged, compared to its average volume of 571,000. The stock’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.98. The firm has a market cap of $4.98 million, a P/E ratio of 3.82 and a beta of 2.02. Motorsport Games has a twelve month low of $1.01 and a twelve month high of $4.16.
Motorsport Games (NASDAQ:MSGM – Get Free Report) last released its earnings results on Friday, August 9th. The company reported $0.87 earnings per share for the quarter. The firm had revenue of $1.88 million during the quarter. Motorsport Games had a return on equity of 58.22% and a net margin of 11.52%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on MSGM
Motorsport Games Company Profile
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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