How to Buy Motorsport Games Stock
Motorsport Games Inc
Motorsport Games Inc. develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments.
Motorsport Games stock last closed at $2.71, down 3.56% from the previous day, and has increased 12.45% in one year. It has overperformed other stocks in the Electronic Gaming & Multimedia industry by 0.1 percentage points. Motorsport Games stock is currently +270.73% from its 52-week low of $0.73, and -22.57% from its 52-week high of $3.50.
There are currently 5.78M MSGM shares outstanding. The market cap of MSGM is $15.66M. In the last 24 hours, 22,000 MSGM shares were traded.
How to Buy Motorsport Games Stock
Wondering how to invest in Motorsport Games stock? Here's how.
- Figure out where to buy Motorsport Games stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Motorsport Games stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your method of payment and add your information.
- Evaluate Motorsport Games stock: The Motorsport Games ticker symbol is MSGM. Is Motorsport Games stock a good investment? Should you buy shares of MSGM? How do MSGM's underlying business fundamentals look? Do top analysts think Motorsport Games is a good buy? Why has MSGM's stock price moved recently? (Hint: Our stock market research website can help you figure out if MSGM is a good stock to buy).
- Place your MSGM purchase: Decide if you will purchase MSGM shares at the current market price or use a limit order to purchase MSGM stock at a specific price.
- Keep tabs on your MSGM position: Create a watchlist to important notifications about your new investment in Motorsport Games shares.
Step 1: Figure out where to buy Motorsport Games stock
You need an online brokerage account to access the NASDAQ market and buy MSGM stock.
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- Security: eToro is a regulated and licensed brokerage platform.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you are able to buy MSGM today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on one of the most highly reviewed stock trading apps, you need to deposit funds:
Watch the video below to see the process of transferring funds into your new brokerage account.
Step 4: Evaluate Motorsport Games stock
Once you have decided on the best place to buy Motorsport Games stock, it's very important to research their stock prior to investing, so you actually understand the risk and upside.
Motorsport Games stock data
MSGM Fundamentals
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on MSGM's stock page.
How is MSGM stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MSGM's fair value.
Using relative valuations methods:
- MSGM could be overvalued based on its P/B ratio of 24.15x, relative to Electronic Gaming & Multimedia industry P/B ratio of 7.12x
You can access additional valuation research on MSGM's stock here.
MSGM Financials at a glance
Positive Health Checks:
- MSGM profit margin has gone up from -130% to -5.8% in the past year.
- There are more short-term assets than long-term liabilities on the MSGM balance sheet.
- MSGM has $1.05M in cash and short term investments. This is enough to cover its annual cash burn of $1.70M.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the MSGM balance sheet.
- MSGM has cash burn of 1703782. It does not have enough cash and short-term investments to cover this.
- MSGM has a relatively high debt to equity ratio of 7.17.
Metrics for Advanced MSGM Traders
How is MSGM performing as a company?
Last year, MSGM revenue was $7.42M. During the last 4 year, MSGM's revenue has grown by -20.19% per year. This was slower than the Electronic Gaming & Multimedia industry average of 18.24%.
Find out more about MSGM's earnings and revenue performance here.
What are MSGM insiders up to?
Over the last year, executives and large shareholders at MSGM have not bought or sold any shares.
Learn more about who owns MSGM stock here.
Does MSGM provide a stable income stream?
No, Motorsport Games doesn't provide an income stream by paying out dividends.
What others are saying about MSGM
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your MSGM purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Press the Open button and eToro will execute the order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your MSGM position
Now that you own some MSGM shares, you'll want to stay up-to-date on your investment.
Start a watchlist to get notified of the latest news about your MSGM stock.
MSGM Feed
How to Buy Stock in Motorsport Games
To reiterate, here are the 6 steps to buy Motorsport Games stock:
- Figure out where to buy Motorsport Games stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Motorsport Games stock
- Place your MSGM purchase
- Keep tabs on your MSGM position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your investment in Motorsport Games, add MSGM to your watchlist below.
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