Last Updated: 19 Sep 2024
Executive Summary
Motorsport Gaming Us LLC (MSGM) is a developer and publisher of multiplatform racing video games. The company has a market capitalization of $44.66 million and is headquartered in Miami, Florida. MSGM's latest stock price is $1.15.
Company Overview
Motorsport Games was founded in 2018 and has quickly become a leading developer of racing video games. The company's games are available on a variety of platforms, including PC, consoles, and mobile devices. MSGM has a strong portfolio of intellectual property, including the NASCAR, IndyCar, and British Touring Car Championship licenses.
Fundamental Analysis
MSGM's financial performance has been mixed in recent years. The company reported revenue of $8.35 million in the last twelve months, up 8.2% year-over-year. However, the company's net income was -$7.96 million in the last twelve months, down from -$5.12 million in the prior year.
MSGM's profitability metrics are also weak. The company's gross profit margin is 18.8%, and its operating margin is -79.1%. MSGM's return on assets is -49.4%, and its return on equity is -14.2%.
Technical Analysis
MSGM's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 27.6, which indicates that the stock is oversold.
Short Term Outlook
MSGM's stock price is likely to remain under pressure in the short term. The company's financial performance is weak, and the stock is trading below its moving averages. Investors should avoid buying MSGM stock at this time.
Long Term Outlook
MSGM's long-term outlook is more positive. The company has a strong portfolio of intellectual property, and it is well-positioned to benefit from the growing popularity of racing video games. Investors who are willing to take on some risk may want to consider buying MSGM stock at these levels.
Analyst Recommendations
Two analysts have rated MSGM stock in the last twelve months. Both analysts have rated the stock as a "Hold". The average analyst target price for MSGM stock is $5.00.
