In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Mobile Global Esports, Inc. (MGAM – Research Report), with a price target of $1.50. The company’s shares closed yesterday at $0.51.
According to TipRanks, Vander Aarde is a 5-star analyst with an average return of 18.4% and a 31.73% success rate. Vander Aarde covers the Technology sector, focusing on stocks such as Siyata Mobile, AmpliTech Group, and Nogin.
Currently, the analyst consensus on Mobile Global Esports, Inc. is a Moderate Buy with an average price target of $1.50.
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Based on Mobile Global Esports, Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $890.44 thousand. In comparison, last year the company had a GAAP net loss of $85.78 thousand
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Mobile Global Esports Inc develops and commercializes international esports, beginning with university esports events in India. It is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia.
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