Motorsport Games Inc. (MSGM)

NASDAQ: MSGM · IEX Real-Time Price · USD
8.02
-0.17 (-2.08%)
At close: Mar 21, 2023, 4:00 PM
8.18
+0.16 (2.00%)
After-hours: Mar 21, 2023, 4:45 PM EDT
-2.08%
Market Cap 22.68M
Revenue (ttm) 14.78M
Net Income (ttm) -38.07M
Shares Out 2.83M
EPS (ttm) -32.49
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 57,737
Open 8.19
Previous Close 8.19
Day's Range 7.75 - 8.19
52-Week Range 2.01 - 49.50
Beta 2.86
Analysts Sell
Price Target 7.40 (-7.73%)
Earnings Date Mar 29, 2023

About MSGM

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 video games for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content. It also organizes and facilitates esports tournaments, competitions, and events for its licensed racing games, as well as on behalf of third-party racing game developers and publishers. The company sells its video game ... [Read more]

IPO Date Jan 13, 2021
Employees 145
Stock Exchange NASDAQ
Ticker Symbol MSGM
Full Company Profile

Financial Performance

In 2021, MSGM's revenue was $15.08 million, a decrease of -20.84% compared to the previous year's $19.05 million. Losses were -$33.16 million, 1787.8% more than in 2020.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for MSGM stock is "Sell." The 12-month stock price forecast is $7.4, which is a decrease of -7.73% from the latest price.

Price Target
$7.4
(-7.73% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Motorsport Games to Report Fourth Quarter of 2022 & Full Year 2022 Financial Results

MIAMI, March 21, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) , a leading racing game developer, publisher and esports ecosystem provider of offi...

8 hours ago - GlobeNewsWire

Le Mans Virtual Series 2022-23 reaches wider worldwide audience

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ab4ece6-5e45-44fa-a66c-80d49561d72a

1 week ago - GlobeNewsWire

Motorsport Games Announces Quarterly Update and DLC for rFactor 2

MIAMI, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”) , a leading racing game developer, publisher and esports ecosystem provider of official motorsport ra...

1 month ago - GlobeNewsWire

Motorsport Games Announces Closing of $4.03 Million Registered Direct Offering of Common Stock Priced At-the-Market Under Nasdaq Rules

Together With the Two Registered Direct Offerings Closed Last Week, Motorsport Games Has Raised Approximately $11.32 Million Together With the Two Registered Direct Offerings Closed Last Week, Motorsp...

1 month ago - GlobeNewsWire

Motorsport Games Announces $4.03 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance an...

1 month ago - GlobeNewsWire

Motorsport Games Announces Closings of $7.29 Million Registered Direct Offerings of Common Stock Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced the closings of its previously announced registered direct offerings...

1 month ago - GlobeNewsWire

Motorsport Games stock pulls back after equity sale follows14-fold surge in 2 days

Shares of Motorsport Games Inc. MSGM, +72.90% tumbled 25.8% in premarket trading Thursday, after the Florida-based racing game developer and esports ecosystem company is taking advantage of a 14-fold ...

1 month ago - Market Watch

Motorsport Games Announces $3.39 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance an...

1 month ago - GlobeNewsWire

Motorsport Games Converts All Remaining Debt in Additional Debt-for-Equity Exchange with Motorsport Network

MIAMI, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into an additional debt-for-equity exch...

1 month ago - GlobeNewsWire

Motorsport Games stock rockets on Nasdaq listing requirement

Yahoo Finance Live's Rachelle Akuffo discusses the rise in stock for video game developer Motorsport Games.

1 month ago - Yahoo Finance

5 Investors Betting Big on Motorsport Games (MSGM) Stock

Shares of Motorsport Games (NASDAQ: MSGM) stock are flying higher after the company announced that it had regained compliance with the Nasdaq's listing rules. The company was previously in violation ...

1 month ago - InvestorPlace

Motorsport Games Announces $3.9 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance an...

1 month ago - GlobeNewsWire

Motorsport Games stock rockets again, heads for 25-fold gain in 2 days after regaining Nasdaq listing requirements

Shares of Motorsport Games Inc. MSGM, +713.69% rocketed for a second-straight day on Wednesday, a day after the Florida-based racing game developer and esports ecosystem company said it regained full ...

1 month ago - Market Watch

Motorsports Games stock rockets more 600% on massive volume after satisfying Nasdaq listing requirements, again

Shares of Motorsport Games Inc. MSGM blasted 662.7% higher toward a 10-month high on heavy volume in afternoon trading, after the Florida-based racing game developer and esports ecosystem provider sai...

1 month ago - Market Watch

Why Is Motorsport Games (MSGM) Stock Up 182% Today?

Motorsport Games (NASDAQ: MSGM) stock is rocketing higher on Tuesday after announcing a debt-for-equity exchange agreement with Motorsport Network. Motorsport Network, the majority shareholder of Mot...

1 month ago - InvestorPlace

Motorsport Games Announces Debt-for-Equity Exchange with Motorsport Network

MIAMI, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into a debt-for-equity exchange agreeme...

1 month ago - GlobeNewsWire

Motorsport Games rFactor 2 is Part of The Secret Sauce Behind F1® Arcade Racing Experience

MIAMI, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Adam Breeden, the pioneer of competitive socialising in the UK and entrepreneurial force behind some of the sector's most successful concepts, has officially o...

1 month ago - GlobeNewsWire

24 Hours of Le Mans Virtual to be Broadcast Digitally Around the World

*Finale of this year's Le Mans Virtual Series to be broadcast January 14 and 15, 2023

2 months ago - GlobeNewsWire

24 Hours of Le Mans Virtual Continues to Attract Champions From Around the World for Final Round of 2022-23 Season

*F1, F2 and F3 champions lead star-studded entry list *More nations than ever represented in Le Mans Virtual Series flagship event *Best of the best sim racers race on entry list for 24-hour glory

2 months ago - GlobeNewsWire

Motorsport Games Enters into Equity Purchase Agreement

MIAMI, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into a purchase agreement (the “Agreeme...

3 months ago - GlobeNewsWire

Motorsport Games Regains Compliance With Nasdaq Minimum Bid Price Requirement

MIAMI, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “Company”) , a leading racing game developer, publisher and esports ecosystem provider of official ...

4 months ago - GlobeNewsWire

Stars ready to respect the Sebring bumps

*Final round before 24 Hours of Le Mans Virtual *Final round before 24 Hours of Le Mans Virtual

4 months ago - GlobeNewsWire

Motorsport Games Reports Third Quarter 2022 Financial Results

MIAMI, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its third quarter ended September 30, 2022 (“Q3...

4 months ago - GlobeNewsWire

Motorsport Games to Report Third Quarter 2022 Financial Results

MIAMI, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”) , a leading racing game developer, publisher and esports ecosystem provider of official motorsport ra...

4 months ago - GlobeNewsWire

What Is Going on With Motorsport Games (MSGM) Stock Today?

Motorsport Games (NASDAQ: MSGM) stock is rising on Thursday following an update on its latest earnings report and a reverse stock split. Let's get the reverse stock split out of the way first.

4 months ago - InvestorPlace