Motorsport Games (NASDAQ:MSGM) Releases Earnings Results

Motorsport Games (NASDAQ:MSGM) announced its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, Zacks reports. The firm had revenue of $3.10 million for the quarter. Motorsport Games had a return on equity of 117.87% and a net margin of 34.24%.

Motorsport Games Price Performance

Motorsport Games stock traded up $1.55 during trading hours on Friday, reaching $3.74. The company had a trading volume of 105,484,001 shares, compared to its average volume of 741,197. The company has a 50-day moving average price of $2.65 and a 200 day moving average price of $2.84. The firm has a market cap of $21.62 million, a price-to-earnings ratio of 9.35 and a beta of 1.79. Motorsport Games has a 12-month low of $0.73 and a 12-month high of $4.87.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MSGM shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Motorsport Games in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Motorsport Games to a “buy” rating in a report on Saturday, July 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Motorsport Games has a consensus rating of “Sell”.

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.