Mobile Global Esports Inc. (NASDAQ:MGAM) currently has a daily average trading volume of 288.94K but it saw 1268183 shares traded on Thursday. With a market cap of 10.96M USD, stock’s current market price of $0.57 came rising about 3.33 while comparing to the previous closing price of $0.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.74 and as low as $0.51. In the recent trading on the day, stock has struck highest price mark of $0.721 while lowest mark touched by it was $0.519.
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Taking a look at 20-day trading activity of Mobile Global Esports Inc. (MGAM) gives us an average price of $0.5877, while its current price level is -97.26% below from 52-week high level whereas it is 10.37% 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 $0.6663 while that of 200 days or SMA-200 reads an average of $1.3706. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.14% during that period while stretching the period over a month that decreases to 10.92%. 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 42.35 which implies that the stock is in neutral territory.
Mobile Global Esports Inc. (MGAM)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $1.50 and $1.50 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 $1.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $1.50. Average price target assigned by them is $1.50 which highlights an upside potential of 62.0% for the stock over that period. And to attain the median price target of $1.50 assigned by those analysts, stock has to add about 62.0% of value to its current levels.
Data by FactSet Research shows that 1 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. 1 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 Moderate Buy.
Over the week, MGAM’s stock price is moving 7.23% up while it is -13.53% when we observe its performance for the past one month. Year-to-date it is -31.09% down and over the past year.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.04 beat the consensus estimate of -$0.05 for the same. The company is expected to be releasing its next quarterly report in 08/30/2023, for which analysts forecasted an EPS of -$0.07 while estimate for next year EPS is -$0.21. For MGAM, analysts are forecasting an EPS-growth rate of -200.00% for current year and estimate for EPS growth in next year is -14.30%. In next quarter, company is expected to be making quarterly sales of $200k as analysts are expecting the sales for current fiscal year at $500k and seeing the company making $5 million in sales next year. Moreover, analysts are in estimates of $100k for current-quarter revenue.
Currently, Mobile Global Esports Inc.’s total number of outstanding shares is 20.42M with 34.06% of that held by the insiders while 9.70% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -29.50%. Stock has a price to book (P/B) ratio of 1.39. Its return on asset (ROA) is -28.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Tr – Micro Cap ETF came shrinking its share ownership by -0.58% in the Mobile Global Esports Inc. (MGAM) decreasing its stake to 0.17% with control over 197.0 shares in the company.
