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 $2.29, down 16.73% from the previous day, and has decreased 11.24% in one year. It has underperformed other stocks in the Electronic Gaming & Multimedia industry by 0.07 percentage points. Motorsport Games stock is currently +213.27% from its 52-week low of $0.73, and -38.93% from its 52-week high of $3.75.
There are currently 3.88M MSGM shares outstanding. The market cap of MSGM is $8.89M. In the last 24 hours, 2.38M 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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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 17.92x, relative to Electronic Gaming & Multimedia industry P/B ratio of 5.07x
You can access additional valuation research on MSGM's stock here.
MSGM Financials at a glance
Positive Health Checks:
- MSGM has $859.27k in cash and short term investments. This is enough to cover its annual cash burn of $2.86M.
- There are more short-term assets than long-term liabilities on the MSGM balance sheet.
- Total MSGM debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the MSGM balance sheet.
- MSGM profit margin has gone up by 1.76 percentage points in the past year, but the company is still unprofitable.
- MSGM has a relatively high debt to equity ratio of 10.16.
- MSGM has cash burn of 2856661. It does not have enough cash and short-term investments to cover this.
MSGM Technical Indicators
MSGM Performance Metrics
Last year, MSGM revenue was $8.69M. During the past 5 year, MSGM's revenue has gone up by -6.02% per year. This was slower than the Electronic Gaming & Multimedia industry average of 19.44%.
Learn more about MSGM's earnings and revenue performance here.
Who is buying/selling MSGM?
Over the last year, insiders at MSGM have not bought or sold any shares.
Research more about who owns MSGM stock here.
Does MSGM stock generate passive income?
No, Motorsport Games doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Place your MSGM purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, place a limit order.
Press the Open button and your broker will place your order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your MSGM position
Now that you own some shares in MSGM, you'll want to keep up with your new investment.
Add MSGM to a watchlist to see the latest developments about your MSGM stock.
MSGM Feed
How to Buy Stock in Motorsport Games
To summarize, here are the 6 steps for buying 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 require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Motorsport Games, click the button below.
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