A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a loss of -7.77%.However, over the last six months, we can see a stronger performance of -29.10%. Over the last 30 days, the price of MSGM has fallen by 28.96%. And in the last five days, it has surged by 36.36%.
Motorsport Games Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $8.71 on 08/01/23, and the lowest price during the same period was recorded at $2.00 on 04/08/24.
52-week price history of MSGM Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Motorsport Games Inc’s current trading price is -67.28% away from its 52-week high, while its distance from the 52-week low is 42.50%. The stock’s price range over this timeframe has been between $2.00 and $8.71. The shares of the Communication Services sector company recorded a trading volume of approximately 10.61 million for the day, which was comparatively higher than the average daily volume of 12520.0 over the last three months.
The Connection Between Financial Performance and Market Capitalization
Motorsport Games Inc (MSGM) has experienced a quarterly decline of -0.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.75M and boasts a workforce of 71 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.47, with a change in price of +0.72. Similarly, Motorsport Games Inc recorded 114,796 in trading volume during the last 100 days, posting a change of +29.15%.
MSGM’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for MSGM stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.02.
MSGM Stock Stochastic Average
Motorsport Games Inc’s raw stochastic average for the past 50 days is currently at 55.09%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 55.09%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 33.37% and 22.61%, respectively.
