Motorsport Games (MSGM) has been enjoying a surge in trading volume as of Tuesday morning, with the stock up 181.8%. The stock is currently trading at $17.54, up from around $6.37 a few weeks ago. The surge in trading volume and stock price can be attributed to a recent debt-for-equity exchange agreement between Motorsport Network and Motorsport Games. This exchange agreement includes the repayment of $1 million in debt to Motorsport Network, tapping into a $12 million line of credit with Motorsport Network, and filing a registration statement with the SEC. This agreement is beneficial for both parties, as it reduces interest expenses for Motorsport Games and allows Motorsport Games to pursue product development and growth opportunities.

This news comes after Motorsport Games regained full compliance with Nasdaq listing rules and the launch of F1 Arcade, Adam Breeden’s latest project. F1 Arcade is the world’s first official premium F1 experience and was released on January 11th, 2021. This game is expected to bring more attention and investors to the Motorsport Games stock, as well as to the entire e-sports industry.

Overall, the agreement between Motorsport Network and Motorsport Games has helped to increase the stock price and trading volume of MSGM. The news of the agreement and the launch of F1 Arcade have been well-received by investors, and it is clear that the stock is likely to continue to surge in the future.

Why invest in MSGM Stock?

Motorsport Games (MSGM) is the leading global publisher of racing and motorsport titles including the official game of the FIA World Rallycross Championship and the official game of NASCAR. As the gaming industry continues to grow, with the global games market expected to reach $159.3 billion in 2020 according to Statista, investing in MSGM could be a lucrative move.

READ MORE -  BONK coin becomes the talk of the town, could it overthrow SHIB and DOGE?

MSGM offers a unique opportunity to invest in the motorsports market. The company has seen significant growth over the past few years, with an increase of more than 60% in revenue in 2019. With an impressive track record for success, MSGM has established itself as a leader in the motorsports gaming industry. There are several reasons why investors should consider investing in MSGM stock:

  1. Strong Financials: MSGM has strong financials, reporting a revenue increase of over 60% in 2019. This indicates that the company is doing well overall and is likely to continue to do so in the future. This makes MSGM an attractive option for investors seeking strong growth potential.
  2. Experienced Management Team: MSGM is led by an experienced and successful management team, with CEO Dmitry Kozko overseeing operations and guiding the company to success. In addition, the company has established partnerships with respected motorsports organizations such as NASCAR, Formula 1, and the FIA World Rallycross Championship. This indicates that the management team has the experience and expertise needed to lead MSGM to success.
  3. Diversified Portfolio: MSGM’s portfolio includes a range of popular racing titles, including the official game of the FIA World Rallycross Championship and the official game of NASCAR. This diversified portfolio gives the company greater potential to reach a wider audience and drive sales.
  4. Strong Brand Recognition: MSGM has established itself as a leader in the motorsports gaming industry, with customers recognizing the MSGM brand and its products. This strong brand recognition gives investors confidence in the company’s long-term prospects.

In conclusion, investing in MSGM stock could be a lucrative move for investors. The company has an enviable track record for success, a diversified portfolio, and strong brand recognition. With an experienced management team, strong financials, and a growing global games market, MSGM is well-positioned for success in the years to come.

READ MORE -  Azuki announces Hilumia, a new metaverse city on Ethereum
Last updated on January 31, 2023
Avatar photo
Dennis is a business and financial writer, who had spent almost his entire life independently reporting on different business ventures with major impact on the US and global economy. Dennis places a special focus on examining tech stocks, biotech stocks all while investing a great part of his early hours to researching and writing on the companies in the US markets. Dennis has 15+ years of experience in financial markets.
View All Posts