Motorsport Games (NASDAQ:MSGM) Trading 9.3% Higher – Still a Buy?

Motorsport Games Inc. (NASDAQ:MSGM) shares traded up 9.3% on Tuesday . The stock traded as high as $3.10 and last traded at $3.07. 34,809 shares traded hands during trading, a decline of 94% from the average session volume of 586,839 shares. The stock had previously closed at $2.81.

Motorsport Games Stock Performance

The firm has a market cap of $17.74 million, a PE ratio of 1.90 and a beta of 1.80. The stock has a 50 day simple moving average of $2.12 and a two-hundred day simple moving average of $1.57.

Motorsport Games (NASDAQ:MSGM) last posted its earnings results on Friday, May 9th. The company reported $0.33 EPS for the quarter. Motorsport Games had a return on equity of 215.50% and a net margin of 52.74%. The firm had revenue of $1.76 million for the quarter.

Hedge Funds Weigh In On Motorsport Games

A hedge fund recently bought a new stake in Motorsport Games stock. Citadel Advisors LLC acquired a new position in Motorsport Games Inc. (NASDAQ:MSGM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.58% of Motorsport Games as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.66% of the company’s stock.

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.