Motorsport Games (NASDAQ:MSGM) Announces Earnings Results

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

Motorsport Games Price Performance

MSGM stock traded up $1.55 during trading hours on Friday, reaching $3.74. The stock had a trading volume of 105,484,001 shares, compared to its average volume of 741,197. The stock has a 50-day simple moving average of $2.65 and a 200 day simple moving average of $2.84. Motorsport Games has a fifty-two week low of $0.73 and a fifty-two week high of $4.87. The stock has a market capitalization of $21.62 million, a PE ratio of 9.35 and a beta of 1.79.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Motorsport Games to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Motorsport Games in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average 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.