Motorsport Games (NASDAQ:MSGM) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Motorsport Games (NASDAQ:MSGM) to a buy rating in a research note released on Friday morning.

Motorsport Games Price Performance

Shares of MSGM opened at $2.79 on Friday. Motorsport Games has a 12-month low of $0.73 and a 12-month high of $3.50. The firm has a market capitalization of $16.12 million, a price-to-earnings ratio of 1.72 and a beta of 1.88. The stock’s 50-day moving average price is $2.23 and its 200 day moving average price is $1.60.

Motorsport Games (NASDAQ:MSGM) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter. Motorsport Games had a return on equity of 215.50% and a net margin of 52.74%. The firm had revenue of $1.76 million for the quarter.

Hedge Funds Weigh In On Motorsport Games

An institutional investor recently bought a new position in Motorsport Games stock. Citadel Advisors LLC purchased a new stake in shares of Motorsport Games Inc. (NASDAQ:MSGM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.58% of Motorsport Games as of its most recent SEC filing. Institutional investors own 1.66% of the company’s stock.

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.