Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report)’s stock price shot up 5% on Wednesday . The stock traded as high as $1.26 and last traded at $1.26. 11,832 shares were traded during mid-day trading, a decline of 98% from the average session volume of 590,218 shares. The stock had previously closed at $1.20.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group restated a “hold” rating and issued a $5.00 target price on shares of Motorsport Games in a research report on Thursday, July 11th.
Check Out Our Latest Report on Motorsport Games
Motorsport Games Trading Up 5.0 %
Motorsport Games (NASDAQ:MSGM – Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.87 EPS for the quarter. The company had revenue of $1.88 million for the quarter. Motorsport Games had a return on equity of 58.22% and a net margin of 11.52%.
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.
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