Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) shares traded higher over the last trading session, gaining 3.77% on 05/14/21. The shares fell to a low of $3.16 before closing at $3.30. Intraday shares traded counted 3.7 million, which was 84.97% higher than its 30-day average trading volume of 24.61M. HOFV’s previous close was $3.18 while the outstanding shares total 62.93M. The stock’s Relative Strength Index (RSI) is 44.53, with weekly volatility at 10.10% and ATR at 0.39. The HOFV stock’s 52-week price range has touched low of $1.09 and a $12.31 high.
Investors have identified the Entertainment company Hall of Fame Resort & Entertainment Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $299.61 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Hall of Fame Resort & Entertainment Company (HOFV) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For HOFV, the company has in raw cash 40.05 million on their books with 1.72 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 48.52 million total, with 121.16 million as their total liabilities.
Is the stock of HOFV attractive?
In related news, Director, Dennis David bought 17,000 shares of the company’s stock in a transaction that recorded on Feb 12. The purchase was performed at an average price of 2.45, for a total value of 41,650. As the purchase deal closes, the Director, Buzzelli Anthony J. now bought 10,000 shares of the company’s stock, valued at 24,500. Also, President and CEO, Crawford Michael Anthony bought 40,000 shares of the company’s stock in a deal that was recorded on Feb 12. The shares were cost at an average price of 2.45 per share, with a total market value of 98,000. Following this completion of disposal, the Director, Schaefer Kimberly now holds 25,000 shares of the company’s stock, valued at 61,250. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.50%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Hall of Fame Resort & Entertainment Company. 0 analysts has assigned a Sell rating on the HOFV stock. The 12-month mean consensus price target for the company’s shares has been set at $5.00.