In yesterday’s Wall Street session, Mobile Global Esports Inc. (NASDAQ:MGAM) shares traded at $0.84, up 59.73% from the previous session.
As of this writing, 1 analysts cover Mobile Global Esports Inc. (NASDAQ:MGAM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $1.50, we find $1.50. Given the previous closing price of $0.53, this indicates a potential upside of 183.02 percent. MGAM stock price is now 58.86% away from the 50-day moving average and -4.94% away from the 200-day moving average. The market capitalization of the company currently stands at $17.10M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
In other news, Pross David Randall, CEO sold 550 shares of the company’s stock on Jan 31. The stock was sold for $1,210 at an average price of $2.20. Upon completion of the transaction, the CEO now directly owns 650,000 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21, CEO Pross David Randall bought 550 shares of the business’s stock. A total of $456 was incurred on buying the stock at an average price of $0.83. This leaves the insider owning 650,550 shares of the company worth $0.55 million. Insiders disposed of 550 shares of company stock worth roughly $462.0 over the past 1 year. A total of 19.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MGAM stock. A new stake in Mobile Global Esports Inc. shares was purchased by BLACKROCK INC. during the first quarter worth $31,000. VIRTU FINANCIAL LLC invested $18,000 in shares of MGAM during the first quarter. In total, there are 5 active investors with 9.70% ownership of the company’s stock.
Tuesday morning saw Mobile Global Esports Inc. (NASDAQ: MGAM) opened at $0.6329. During the past 12 months, Mobile Global Esports Inc. has had a low of $0.45 and a high of $20.74. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 22.30, and a quick ratio of 22.30. The fifty day moving average price for MGAM is $0.5350 and a two-hundred day moving average price translates $0.8812 for the stock.
The latest earnings results from Mobile Global Esports Inc. (NASDAQ: MGAM) was released for Mar, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.05 by 0.01. This compares to -$0.01 EPS in the same period last year. The company reported revenue of $0.82 million for the quarter, compared to $92000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 786.96 percent. For the current quarter, analysts expect MGAM to generate $100k in revenue.
Mobile Global Esports Inc.(MGAM) Company Profile
Mobile Global Esports Inc. operates in the esports business. It organizes and commercializes various virtual esports tournaments in India. The company was formerly known as Elite Esports, Inc. and changed its name to Mobile Global Esports Inc. in April 2021. Mobile Global Esports Inc. was founded in 2016 and is headquartered in Westport, Connecticut.
