Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) currently has a daily average trading volume of 549.09K but it saw 292853 shares traded on Wednesday. With a market cap of 71.46M USD, stock’s current market price of $0.58 came falling about -2.57 while comparing to the previous closing price of $0.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.28 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $0.625 while lowest mark touched by it was $0.575.
Taking a look at 20-day trading activity of Hall of Fame Resort & Entertainment Company (HOFV) gives us an average price of $0.6197, while its current price level is -74.55% below from 52-week high level whereas it is 13.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6014 while that of 200 days or SMA-200 reads an average of $0.7896. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.30% during that period while stretching the period over a month that increases to 9.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.04 which implies that the stock is in neutral territory.
Hall of Fame Resort & Entertainment Company (HOFV)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $1.30 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.30 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $2.15 which highlights an upside potential of 73.02% for the stock over that period. And to attain the median price target of $2.15 assigned by those analysts, stock has to add about 73.02% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, HOFV’s stock price is moving -14.09% down while it is 3.57% when we observe its performance for the past one month. Year-to-date it is -61.84% down and over the past year, the stock is showing a downside performance of -71.29%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of -$0.08 beat the consensus estimate of -$0.11 for the same. The company is expected to be releasing its next quarterly report in 03/08/2023, for which analysts forecasted an EPS of -$0.09 while estimate for next year EPS is -$0.34. For HOFV, analysts are forecasting an EPS-growth rate of 67.00% for current year and estimate for EPS growth in next year is 11.80%. In next quarter, company is expected to be making quarterly sales of $6.95 million as analysts are expecting the sales for current fiscal year at $20.09 million and seeing the company making $54.18 million in sales next year. Moreover, analysts are in estimates of $8.34 million for current-quarter revenue.
Currently, Hall of Fame Resort & Entertainment Company’s total number of outstanding shares is 114.00M with 33.08% of that held by the insiders while 6.65% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 0.10%. It has a price to earnings ratio (P/E ratio) of 32.22. Stock’s beta reads 0.83. Stock has a price to book (P/B) ratio of 0.31 while price to sale or P/S ratio amounts to 6.32. Its return on asset (ROA) is 0.10% on average.