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Hall of Fame Resort & Entertainment Company (HOFV) saw downtrend of -12.17% in the recent trading with $2.31 being its most recent. The current price level -81.23% lower than the highest price of $12.31 marked by the stock while trading over the past 52-weeks, whereas it is 111.93% higher than the lowest price of $1.09 the company dropped to over past 52-weeks. The latest news story on HOFV appeared in Business Wire under the title “Hall of Fame Resort & Entertainment Company Announces Closing of Underwriters Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering” on Feb-18-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -31.04% below one month high and is +12.14% above of the lowest during that time. Looking into the simple moving average, Hall of Fame Resort & Entertainment Company (HOFV)’s stock stands at a SMA-50 of $2.01 while that of 5-day is reading $2.61.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and HOFV’s SMA-200 as of now is $4.65.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Hall of Fame Resort & Entertainment Company Earnings – What Happened With HOFV
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.68 billion while analysts on average were estimating the same to be $2.7 million.
HOFV – Hall of Fame Resort & Entertainment Company Stock Earnings Estimates
1 analysts covering the stock at Wall Street were agreed upon that EPS consensus.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 32.58 million. HOFV does have institutional investors; and they hold 6.00% of the stock.
Hall of Fame Resort & Entertainment Company – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 25 new insider purchases involving 2,257,098 shares. On the other hand, HOFV declared 1,007,171 shares have been sold in 6 insider transactions over the past three months.
As on Dec 30, 2020, Vanguard Group, Inc. (The) was the top most holder in Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) with an ownership of 0.42 million shares of the company or 0.54% of the stake worth $0.52 million. The filing also reveals Geode Capital Management, LLC as the second largest holder in the company with a control over 0.45% of the outstanding shares. Its stake is worth $0.43 million for having 0.35 million shares in hand.
Quinn Opportunity Partners, LLC also came holding a key position in the company during the recent quarter and it now holds 0.29% of the outstanding shares. With this there are now 19 institutions which have possession in HOFV’s shares.
Currently, the stock has been recommended as Moderate Buy by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Hall of Fame Resort & Entertainment Company was 0.04 while posting a debt to equity ratio of 0.72. The count was 2.76 for long-term debt to equity ratio.
Hall of Fame Resort & Entertainment Company’s return on equity, or ROE, is -64.30%, compared to the industry average of -1.76% for Communication Services – Entertainment. Although this indicates that HOFV fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Hall of Fame Resort & Entertainment Company (HOFV), we notice that the stock’s 20-day average volume is at 7,660,530 shares. Its 50-day average volume of 5,410,280 shares. And to end, HOFV’s 100-day average volume is 4,827,595 shares with 50% of the long-term indicators pointing towards Sell for the stock.