Mobile Global Esports Inc (NASDAQ:MGAM) finished Wednesday with an addition of $0.07 to close at $0.36, an upside of 22.86 percent. An average of 835,760 shares of common stock have been traded in the last five days. There was a gain of $0.0530 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 274,950 shares traded, while the 50-day average volume stands at 929,980.
MGAM stock has decreased by -23.62% in the last month. The company shares reached their 1-month lowest point of $0.2800 on 09/21/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $0.28 and a high of $4.68 in 52 weeks. It has reached a new high 5 times so far this year and lost -56.47% or -$0.4658 in price. In spite of this, the price is down -92.33% from the 52-week high.
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Insider Transactions
MGAM stock investors should be aware that Mobile Global Esports Inc (MGAM) stock had its last reported insider trading activity 240 days ago on Jan 31.
Valuation Metrics
Mobile Global Esports Inc (MGAM) stock’s beta is 4.93. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.98.
Financial Health
The quick ratio of Mobile Global Esports Inc for the three months ended March 30 was 25.89, and the current ratio was 25.89, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.02 for the quarter ending March 30.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$0.89 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Mobile Global Esports Inc’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.04, a 20.00% surprise. For the quarter, EBITDA amounted to -$0.9 million. Shareholders own equity worth $20.42 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mobile Global Esports Inc (MGAM) price momentum. RSI 9-day as of the close on 27 September was 52.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 132.15%.
As of today, MGAM’s price is $0.3016 +17.32% or $0.0530 from its 5-day moving average. MGAM is currently trading -22.88% lower than its 20-day SMA and -43.02% lower than its 100-day SMA. However, the stock’s current price level is -27.84% below the SMA50 and -53.07% below the SMA200.
The stochastic %K and %D were 17.69% and 9.09%, respectively, and the average true range (ATR) was 0.0582. With the 14-day stochastic at 38.05% and the average true range at 0.0566, the RSI (14) stands at 45.15%. The stock has reached 0.0016 on the 9-day MACD Oscillator while the 14-day reading was at -0.0270.
Analyst Ratings
The consensus rating for Mobile Global Esports Inc (MGAM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MGAM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MGAM’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $1.50, with a median target of $1.50. Taking a look at these predictions, the average price target given by analysts for Mobile Global Esports Inc (MGAM) stock is $1.50.
