Meanwhile, DA Davidson initiated its Motorsport Games Inc [MSGM] rating to a Buy in a research note published on August 19, 2021; the price target was $15. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Canaccord Genuity began covering MSGM with “Buy” recommendation on February 08, 2021.
Price Performance Review of MSGM
On Monday, Motorsport Games Inc [NASDAQ:MSGM] saw its stock fall -16.73% to $2.29. Over the last five days, the stock has gained 176.57%. Motorsport Games Inc shares have risen nearly 70.90% since the year began. Nevertheless, the stocks have fallen -3.38% over the past one year. While a 52-week high of $3.75 was reached on 04/17/25, a 52-week low of $0.73 was recorded on 04/09/25. SMA at 50 days reached $1.21, while 200 days put it at $1.37.
Levels Of Support And Resistance For MSGM Stock
The 24-hour chart illustrates a support level at 1.83, which if violated will result in even more drops to 1.37. On the upside, there is a resistance level at 2.85. A further resistance level may holdings at 3.41. The Relative Strength Index (RSI) on the 14-day chart is 72.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.19%. Stochastics %K at 78.76% indicates the stock is a holding.
How much short interest is there in Motorsport Games Inc?
A steep rise in short interest was recorded in Motorsport Games Inc stocks on 2025-03-31, growing by 774.0 shares to a total of 15341.0 shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 14567.0 shares. There was a rise of 5.05%, which implies that there is a positive sentiment for the stock.
