WallStreetZenWallStreetZen

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 $2.11, up 2.43% from the previous day, and has decreased 61.91% in one year. It has underperformed other stocks in the Electronic Gaming & Multimedia industry by 0.68 percentage points. Motorsport Games stock is currently +4.46% from its 52-week low of $2.02, and -76.24% from its 52-week high of $8.88.

There are currently 3.42M MSGM shares outstanding. The market cap of MSGM is $7.22M. In the last 24 hours, 3309 MSGM shares were traded.

How to Buy Motorsport Games Stock

Wondering how to invest in Motorsport Games stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

In our opinion, eToro is the best brokerage. eToro gives you:

  • Invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
  • Access to global markets: From Technology to Real Estate, New York to Hong Kong — you can fill your portfolio with stocks from the world's leading stock exchanges.
  • Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your purchase of shares by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Enter your personal data to create a new trading account.
  1. Submit your details by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$2.11
1w %
-6.22%
1y %
-61.91%
5y %
N/A
P/E
-0.2x
P/B
17.51x
P/S
0.64x
PEG
N/A
Revenue
$8.93M
Earnings
-$21.69M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$7.22M
Next Earnings
May 9, 2024
Next Dividend
N/A

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 17.51x, relative to Electronic Gaming & Multimedia industry P/B ratio of 4.26x

You can access additional valuation research on MSGM's stock here.

MSGM Financials at a glance

Positive Health Checks:

  • MSGM has $1.18M in cash and short term investments. This is enough to cover its annual cash burn of $12.75M.

Negative Health Checks:

  • MSGM has a relatively high debt to equity ratio of 26.46.
  • MSGM profit margin has gone up by 0.15 percentage points in the past year, but the company is still unprofitable.
  • There are more short-term liabilities than short-term assets on the MSGM balance sheet.
  • There are more long-term liabilities than short-term assets on the MSGM balance sheet.
  • MSGM has cash burn of 12754679. It does not have enough cash and short-term investments to cover this.

Metrics for Advanced MSGM Traders

SMA10
2.17
SMA20
2.2
SMA50
2.38
SMA100
2.49
SMA200
3.27
MACD
-0.07
MACD Signal
-0.07
MACD Histogram
0
RSI
40.39
Stochastic %K
22.75
Stochastic %D
26.7
StochRSI %K
33.73
StochRSI %D
50.6

How is MSGM performing as a company?

Last year, MSGM revenue was $8.93M. During the last 3 year, MSGM's revenue has grown by -80.12% per year. This was slower than the Electronic Gaming & Multimedia industry average of 19.72%.

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:

Open eToro Account

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:

  1. Figure out where to buy Motorsport Games stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Evaluate Motorsport Games stock
  5. Place your MSGM purchase
  6. 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 Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your investment in Motorsport Games, add MSGM to your watchlist below.

NASDAQ: MSGM
$2.11+0.05 (+2.43%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: MSGM
$2.11+0.05 (+2.43%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Motorsport Games share?

As of Mar 28, 2024, it costs $2.11 to buy one share of Motorsport Games stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.474 shares of MSGM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Motorsport Games stock?

One way to place an order for Motorsport Games stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.