Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) shares shot up 0.9% during mid-day trading on Wednesday . The stock traded as high as $1.18 and last traded at $1.15. 27,115 shares were traded during mid-day trading, a decline of 85% from the average session volume of 175,322 shares. The stock had previously closed at $1.14.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reiterated a “hold” rating and issued a $5.00 price objective on shares of Motorsport Games in a research report on Thursday, July 11th.
Check Out Our Latest Stock Report on Motorsport Games
Motorsport Games Stock Performance
Institutional Investors Weigh In On Motorsport Games
An institutional investor recently bought a new position in Motorsport Games stock. Clarity Capital Partners LLC bought a new position in shares of Motorsport Games Inc. (NASDAQ:MSGM – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,100 shares of the company’s stock, valued at approximately $78,000. Clarity Capital Partners LLC owned about 0.73% of Motorsport Games as of its most recent SEC filing. 1.66% of the stock is currently owned by hedge funds and other institutional investors.
About Motorsport Games
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.
Featured Stories
- Five stocks we like better than Motorsport Games
- Why Invest in 5G? How to Invest in 5G Stocks
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- What Do S&P 500 Stocks Tell Investors About the Market?
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- P/E Ratio Calculation: How to Assess Stocks
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Motorsport Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorsport Games and related companies with MarketBeat.com's FREE daily email newsletter.