April 9, 2024 (Globalinvestorideas.com Newswire) Motorsport Games Inc. (NASDAQ: MSGM) is one of the Nasdaq top ten gainers, trading at $2.7465, up 0.7165 or 35.30% on volume of over 11 million shares. The stock had a morning high of $4.16.
Searching today’s news there are no headlines to generate this trading and upside but it may have just landed on retail investors watch lists. Tomorrow’s trading will tell if there is something they know we don’t.
The most recent news was from April 1st where they reported financial results for its fourth quarter and fiscal year ended December 31, 2023. The Company has also posted the fourth quarter and fiscal year-end 2023 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company’s investor relations website.
“2023 was a year of repositioning. Reducing costs, headcount and projects allowed us to focus on what we know best, making innovative games. Having determined the correct direction for the company, we put our energy into Le Mans Ultimate, an innovative team-based racing title from our internal team, Studio 397. All efforts were redirected to make this a success, and as part of the delivery, we set about reestablishing ourselves in the eyes of players.” Stephen Hood, President and Chief Executive Officer of Motorsport Games commented. “This reworking of what had become a complex business, was at times a difficult process. But the renewed energy on display from our tightly knit team became our guiding light.”
“This past year marks a significant milestone in the rebuilding of the company” continued Hood. “With a strong sense of direction and energy, we became a games company again, ready to deliver through 2024.”
Read the company’s full news and disclaimer here:
https://finance.yahoo.com/news/motorsport-games-reports-fourth-quarter-201000501.html
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