Mobile Global Esports Inc. (MGAM) Performance and Fundamentals Dashboard tells a completely different story

Mobile Global Esports Inc. (NASDAQ: MGAM) stock jumped 3.33% on Thursday to $0.57 against a previous-day closing price of $0.55. With 1.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $0.7210 whereas the lowest price it dropped to was $0.5190. The 52-week range on MGAM shows that it touched its highest point at $20.74 and its lowest point at $0.51 during that stretch. It currently has a 1-year price target of $1.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MGAM was up-trending over the past week, with a rise of 7.23%, but this was down by -13.53% over a month. Three-month performance dropped to -33.91% while six-month performance fell -28.06%. A look at the trailing 12-month EPS for MGAM yields -0.10 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.03. This implies an EPS growth rate of -384.00% for this year and -200.00% for next year.

Float and Shares Shorts:

At present, 20.42 million MGAM shares are outstanding with a float of 13.47 million shares on hand for trading. On May 14, 2023, short shares totaled 0.36 million, which was 1.77% higher than short shares on Apr 13, 2023. In addition to Mr. David Pross as the firm’s Co-Founder, CEO & Corp. Sec., Ms. Kiki Benson serves as its Chief Financial Officer.

Institutional Ownership:

Other institutions hold 3.18% of MGAM, in contrast to 0.36% held by mutual funds. Shares owned by individuals account for 0.21%. As the largest shareholder in MGAM with 0.31% of the stake, Two Sigma Investments LP holds 62,952 shares worth 62,952. A second-largest stockholder of MGAM, BlackRock Fund Advisors, holds 33,956 shares, controlling over 0.17% of the firm’s shares. Two Sigma Securities LLC is the third largest shareholder in MGAM, holding 17,136 shares or 0.08% stake. With a 0.17% stake in MGAM, the iShares Tr. – Micro Cap ETF is the largest stakeholder. A total of 33,759 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.05% of MGAM stock, is the second-largest Mutual Fund holder. It holds 9,224 shares valued at 5765.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, MGAM reported revenue of $0.00 and operating income of -$85.78k. The EBITDA in the recently reported quarter was -$85.78k and diluted EPS was -$0.00.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MGAM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MGAM analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, MGAM could surge 163.16% to reach the target high and rise by 163.16% to reach the target low. Reaching the average price target will result in a growth of 163.16% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded MGAM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 550 while 550 shares were sold.

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