In today’s recent session, 5,010,283 shares of the Hall of Fame Resort & Entertainment Company(NASDAQ:HOFV) have been traded, and its beta is 0. Most recently the company’s share price was $2.34, and it changed around -$0.29 or -0.11% from the last close, which brings the market valuation of the company to $179.93 Million. HOFV at last check was trading at a discount to its 52-week high of $14.7, offering almost -528.21% off that amount. The share price’s 52-week low was $1.09, which indicates that the recent value has risen by an impressive 53.42% since then. We note from Hall of Fame Resort & Entertainment Company’s average daily trading volume that its 10-day average is 5.8 Million shares, with the 3-month average coming to 4.82 Million.
Hall of Fame Resort & Entertainment Company stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended HOFV as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Hall of Fame Resort & Entertainment Company is expected to report earnings per share of -$0.16 for the current quarter.
Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV): Trading Information Today
Although HOFV has been showing red trend so far today with a performance of -11.02% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $2.90- on Wednesday, Feb 17 increased the stock’s daily price by 16.9%. The company’s shares are currently up 0.96% year-to-date, but still down -0.1204 over the last five days. On the other hand, Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) is 0.22% up in the 30-day period. We can see from the shorts that 4.28 Million shares have been sold at a short interest cover period of 0.89 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bears needing to increase their stock price by 113.68% from its current value. Analyst projections state that HOFV is forecast to be at a low of $5 and a high of $5. In order for the stock price to hit the forecast high, the stock would need to surge +113.68% from its current level, while the stock would need to crash 113.68% from its current level to reach the projected low.
Hall of Fame Resort & Entertainment Company (HOFV) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Hall of Fame Resort & Entertainment Company earnings are expected to decrease by -103.7% in 2021, but the outlook is negative 0% per year for the next five years.
Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 53.3% of Hall of Fame Resort & Entertainment Company shares, and 7.55% of them are in the hands of institutional investors. The stock currently has a share float of 16.16%. Hall of Fame Resort & Entertainment Company stock is held by 19 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 0.54% of the shares, which is about 419.18 Thousand shares worth $515.59 Thousand.
Geode Capital Management, LLC, with 0.45% or 349.16 Thousand shares worth $429.47 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Fidelity NASDAQ Composite Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 304706 shares worth $374.79 Thousand, making up 0.39% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 98.93 Thousand shares worth around $121.69 Thousand, which represents about 0.13% of the total shares outstanding.