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Tag: HOFV stock

  • Hall of Fame Resort & Entertainment Company (HOFV) Stock Volatile in the Early Trading. Here’s the Reason.

    Hall of Fame Resort & Entertainment Company (HOFV) Stock Volatile in the Early Trading. Here’s the Reason.

    Hall of Fame Resort & Entertainment Company (HOFV) is a leading entertainment related company engaged in pro football business. The company leverages the popularity of football professionals in collaboration with pro football. The company possesses leading media, sports and entertainment businesses across the globe.

    The price of the company’s stock during the regular trading on January 27, 2022 was $1.14 with a surge of 1.7%, giving back gains made earlier today.

    HOFV: Events and Happenings

    On January 27, 2022, HOFV reported about its entry into a ten-year collaboration with Genesis Global Ltd. After the agreement, Genesis will be the authorized mobile sports-betting collaborator of the Company. On January 12, 2022, HOFV reported about achievements of season two NFL Alumni Academy. HOFV reported on January 10, 2022 about its entry into a contract regarding content development with Rashad Jennings. He is the leading businessperson and ex NFL running back.

    On January 5, 2021, HOFV reported that the Atlanta Hot Wings became the pioneer winner in the Hall of Fantasy League, after beating Boston Barflies. HOFV reported about its entry into a 10-year partnership with Rush Street Interactive, Inc. on December 23, 2021. Both the companies agreed upon the allowance for leading sports betting location’s process.

    On December 20, 2021, the company reported about its entry into a partnership with SMOOSH Cookies for bringing its pioneer location to the HOFV. HOFV reported about its entry into a multi-million-dollar partnership with ForeverLawn, Inc. on December 7, 2021. Both parties agreed upon making ForeverLawn the authorized synthetic turf collaborator of HOFV.

    On December 1, 2021, HOFV reported that the company’s Executives presented at Truist Securities Gaming, Lodging, Leisure and Restaurants Summit 2021 held on December 9, 2021.

    HOFV: Key Financials

    On November 10, 2021, HOFV reported its financial results for third quarter ended September 30, 2021. Some of the key points are as follows.

    Revenue

    Revenue in Q3 2021 was $3.5 million compared to $1.67 million in the same period prior year. The company recorded revenue increase of 108% over the year.

    Net Income

    Net income in Q3 2021 was recorded $8.1 million against net loss of $8.3 million in the same period of 2020.

    Conclusion

    HOFV stock is on a declining verge from the past six months period due to recessive economic conditions in pandemic. The recent gain in the early trading hours, as suggested by the experts, is the outcome of its long-term agreement with a leading company. The analysts are hoping that the company will reap the benefits of current collaborations in the future in the form of heavy investment.

  • Here’s Why Hall of Fame Resort & Entertainment Co. (HOFV) Stock Ascended After Hours

    Here’s Why Hall of Fame Resort & Entertainment Co. (HOFV) Stock Ascended After Hours

    Hall of Fame Resort & Entertainment Co. (HOFV) stock soared 94.79% in the after-hours trading session after the announcement of a partnership with Dolphin Entertainment Inc. Moreover, HOFV stock has increased 61.14% over the past 5 trading days.

    About Hall of Fame Resort & Entertainment Co.

    The Hall of Fame Resort and Entertainment Co., established in 2020, is a prominent sport, media, and entertainment enterprise that is headquartered in Canton, Ohio, United States. The publicly traded HOFV came into existence as a result of a merger between Hall of Fame Village LLC., powered by Johnson Controls, and Gordon Pointe Acquisition (GPAQ). HOFV is led by the experienced executive, Michael Crawford. It is a platform that continuously allows for the development of a unified destination Hall of Fame Village resort in Ohio. HOFV has envisioned itself to create an entertainment company and one of a kind resort that pursues excellence in whatever they do.

    Agreement with Dolphin Entertainment

    On 23rd March 2021, HOFV signed a partnership agreement with Dolphin Entertainment, a leading PR and marketing communications agency in the United States, to offer NFTs (Non-Fungible Tokens). NFTs will allow professional football and entertainment sports fans to sell and buy exclusive content developed by HOFV and partners. The partnership agreement is another way for HOFV to create revenue from its flourishing media division. Michael Crawford, the CEO of HOFV, said that this partnership will provide them with another prospect to unlock additional value from the media projects that are under development. This partnership is a reflection of how the demand for this new form of purchasing digital media and art has increased. The first offering of NFT is expected to be connected to HOFV’s H2H (Heisman 2 Hall), which represents the only 10 athletes that have been inducted into the pro Football Hall of Fame and have won a Heisman trophy.

    The effect of partnership on HOFV stock

    After the announcement of a partnership with Dolphin entertainment, the price of HOFV increased 94.79% in the after-hours trading session. The price went up to $7.86 from a closing price of $4.03. HOFV stock’s price has also been soaring the past 5 days and has increased 61.14% from $2.50 on the morning of 17th March. The fourth quarter results have also been announced by HOFV recently where they reported 4% revenue growth and $14.6 million loss in the fourth quarter.

  • Hall of Fame Resort & Entertainment Company (HOFV) stock rises 15% today. Let’s find out why.

    Hall of Fame Resort & Entertainment Company (HOFV) stock rises 15% today. Let’s find out why.

    Shares of Hall of Fame Resort & Entertainment Company (HOFV) continue to rise in Monday’s pre-market session after gaining at the previous market. HOFV stock price saw an uptrend of 15.00 % to reach $4.60 a share as of this writing. The previous closing price of HOFV stock was $4.0 with a 46.52% gain. There is no recent story by the HOFV stock to explain this rise.

    What’s happening?

    Hall of Fame Resort & Entertainment Company (HOFV) is a resort, entertainment, and media company.It seems that HOFV stock has been hot among the investors despite no recent news by the HOFV stock.Also, there are no signs of analysts upgrades or upswing targeted per share price to explain the rally.However, anything that has some link with NFTs is making an impact as NFTs have been much in the discussion for the past few weeks.

    Financial View

    HOFV stock announced its fourth-quarter and full-year financial results of 2020 on March 10, 2021.Here is the summary of the results.

    HOFV annual revenue generated $1.8 million in revenue in the fourth quarter with 4% growth and annual revenue of 2020 totaled $7.1 million.Net loss in the fourth quarter was $14.6 million while it reached $71.3 million for the full 2020 year.Adjusted EBITDA in the fourth quarter of 2020 was a loss of $6.5 million while for the whole of 2020, adjusted EBITDA was recorded a loss of $20.5 million.

    Recent Business Developments:

    Hall of Fame has signed many agreements in the fourth quarter which include agreements with TopGolf and Shula’s Restaurant Group, a media partnership with WaV Sports & Entertainment and Sports Illustrated Studios and 101 Studios,a partnership with StakeKings, and a deal with Spectra Partnerships for an increase in sponsorships and a three-year sponsorship with Republic Waste Management for the education of recycling of the waste.

    Conclusion:

    HOFV stock price is continuing the rising trend in today’s pre-market trading.HOFV stock has shown growth in its recent earnings report and its management is optimistic that the stock will continue the momentum in the future.

  • Pre-Market Cues: 45 Stocks Roaring for Change On November 16th

    Pre-Market Cues: 45 Stocks Roaring for Change On November 16th

    CBAK Energy Technology Inc. (CBAT) stock soared 51.22% to $9.3 in pre-market trading.
    Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) shares are trading up 9.74% at $2.14 at the time of writing. The company’s 52-week range was noted as $0.89 to $2.69.
    Electra Meccanica Vehicles Corp. (SOLO) grew over 8.9% at $6.85 in pre-market trading today following analyst’s prediction that electric vehicles will overtake the global automotive sector in the near future.
    CPS Technologies Corporation (CPSH), an Electronic Components company, dropped about -8.72% at $1.57 in pre-market trading Monday.
    HighPoint Resources Corporation (HPR) stock moved up 77.39 percent to $6.67 in the pre-market trading after the news that Bonanza Creek Energy, Inc. BCEI and HighPoint Resources Corporation HPR have agreed on a merger worth $376 million.
    Navidea Biopharmaceuticals Inc. (NAVB) lost over -5.8% at $2.6 in pre-market trading Monday 16 November 2020 after the company announced its financial results for the third quarter and year-to-date 2020.
    Hall of Fame Resort & Entertainment Company (HOFV) is down more than -11.65% at $2.2 in pre-market hours Monday 16 November 2020 as the company and the NFL alumni association offered updates on the success of the inaugural NFL alumni academy. The stock had jumped over 22.06% to $2.49 in the last trading session.
    Before the trading started on 16 November 2020, GreenPower Motor Company Inc. (GP) is up 6.98% to reach $13.48 after the company posted its 2nd quarter financial results for 2021. It has been trading in a 52-week range of $0.82 to $23.45.
    Zomedica Pharmaceuticals Corp. (ZOM) stock plunged -7.07% to $0.088 in the pre-market trading as the plans to initiate commercialization on 30 March 2021 of its TRUFORMATM point-of-care diagnostic platform revealed.
    Polar Power Inc. (NASDAQ: POLA) shares are trading up 7.81% at $3.59 at the time of writing. Company’s 52-week range was noted as $0.95 to $6.56.
    Sino-Global Shipping America Ltd. (SINO) tumbled over -2.92% at $2.66 in pre-market trading today.
    Pinduoduo Inc. (PDD), an Internet Retail company, dropped about -1.78% at $148.59 in pre-market trading Monday as the firm unveils its Q3 results.
    Tellurian Inc. (TELL) stock moved down -4.51 percent to $0.9644 in the pre-market trading as the news appeared that the company is pondering new Asia gas deals After Petronet snub.
    9 Meters Biopharma Inc. (NMTR) lost over -3.58% at $0.8 in pre-market trading Monday 16 November 2020 as the company revealed financial results and business updates.
    Centennial Resource Development Inc. (CDEV) is down more than -2.88% at $0.741 in pre-market hours Monday 16 November 2020 after the company said Sean R. Smith, Chief Executive Officer, is set to attend the Bank of America Securities Global Energy Conference to be held virtually on Thursday. The stock had jumped over 9.14% to $0.76 in the last trading session.
    Before the trading started on 16 November 2020, Genius Brands International Inc. (GNUS) is up 7.38% to reach $1.31, after the company stated that it is set to host a conference call at 10:00 a.m. Eastern Time on Monday, November 16, 2020, to review major initiatives underway and recent developments. The stock has been trading in a 52-week range of $0.05 to $11.73.
    CureVac N.V. (CVAC) stock soared 8.38% to $81.5 in the pre-market trading after the report that the covid-19 vaccine could be a drug industry game-changer. The most recent rating by Jefferies, on September 08, 2020, is a Hold.
    Apple Hospitality REIT Inc. (NYSE: APLE) shares are trading down -2.83% at $12.02 at the time of writing after the company posted 3rd quarter results of operation. The company’s 52-week range was noted as $4.48 to $16.42. Analysts have a consensus price target of $13.
    Transocean Ltd. (RIG) tumbled over -3.7% at $1.04 in pre-market trading today as the company stock soared 53% since the earnings announcement.
    Cinedigm Corp. (CIDM), an Entertainment company, rose about 8.33% at $0.65 in pre-market trading Monday as the company has purchased North American distribution rights to 100 DAYS TO LIVE, a taut psychological thriller set in the world of suicide prevention and mental health.
    Range Resources Corporation (RRC) stock moved down -5.57 percent to $6.78 in pre-market trading as the company recently revealed disappointing earnings.
    UP Fintech Holding Limited (TIGR) gained over 11.9% at $6.02 in pre-market trading Monday 16 November 2020 as the capital market giant revealed that it will announce its Q3 results on November 23, 2020.
    Taubman Centers Inc. (TCO) is up more than 8.11% at $42.68 in pre-market hours Monday 16 November 2020 after the publication report that Simon Property and Taubman have finally agreed on a merger on a well-reduced price of $43.00 per share in cash. The stock had jumped over 5.53% to $39.48 in the last trading session.
    Before the trading started on 16 November 2020, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) is up 15.24% to reach $4.31 after the announcement that PNC Financial Services Group Inc (NYSE: PNC) is set to take over Banco Bilbao Vizcaya Argentaria (BBVA) U.S. business in an $11 billion all-cash deal. The stock has been trading in a 52-week range of $2.49 to $5.80.
    Kandi Technologies Group Inc. (KNDI) stock soared 7.62% to $7.77 in the pre-market trading as the Company announced that It completed a registered direct offering of 9,404,392 shares of its securities at a sales price of $6.38 per share, raising about $60,000,000 in net gross proceeds to the Firm before deducting the selling agent’s fees and other expected offering expenditures incurred by the Company.
    Textainer Group Holdings Limited (NYSE: TGH) shares are trading down -5.5% at $15.65 at the time of writing after the company posted its third-quarter results. The company’s 52-week range was noted as $5.50 to $17.33. Analysts have a consensus price target of $18.
    Gulfport Energy Corporation (GPOR) tumbled over -45.61% at $0.13 in pre-market trading today after the company filed for bankruptcy.
    Akerman Corp. (KERN), a Health Information Services company, dropped about -3.46% at $2.79 in pre-market trading Monday after the company posted its earnings results.
    United States Antimony Corporation (UAMY) stock moved up 4.17 percent to $0.375 in the pre-market trading.
    ADiTx Therapeutics Inc. (ADTX) lost over -2.03% at $1.93 in pre-market trading Monday 16 November 2020 as the company offered the latest business updated as well as its fiscal quarterly report.
    Arbutus Biopharma Corporation (ABUS) is up more than 10.19% at $4.0 in pre-market hours Monday 16 November 2020 after the firm revealed presentation of phase 1a/1b clinical trial results for AB-729 in chronic hepatitis B subjects at the liver meeting digital experience, the American Association for the study of Liver Diseases meeting. The stock had jumped over 2.25% to $3.63 in the last trading session.
    Before the trading started on 16 November 2020, Ideanomics Inc. (IDEX) is up 31.31% to reach $1.3 after the company revealed the final agreement to take over Timios holding corps. It has been trading in a 52-week range of $0.28 to $3.98.
    Pacific Ethanol Inc. (PEIX) stock soared 4.71% to $6.0 in the pre-market trading as the company announced Q3 results. The most recent rating by BWS Financial, on September 22, 2020, is a Buy.
    CEL-SCI Corporation (AMEX: CVM) shares are trading up 10.5% at $14.0 at the time of writing. The company’s 52-week range was noted as $6.35 to $18.00. Analysts have a consensus price target of $18.
    AMC Entertainment Holdings Inc. (AMC) grew over 8.42% at $3.22 in pre-market trading today following news that Cinemark joins AMC in pursuing a shortened movie window.
    Sogou Inc. (SOGO), an Internet Content & Information company, dropped about -3.14% at $8.64 in pre-market trading Monday as the company unveiled its Q3, 2020 results.
    ObsEva SA (OBSV) stock moved up 18.84 percent to $2.46 in the pre-market trading as the company announced the positive topline results of PROLONG, the Phase 2a proof-of-concept, randomized, double-blind, placebo-controlled trial of laropiprant in preterm labor.
    Denison Mines Corp. (DNN) lost over -9.3% at $0.32 in pre-market trading Monday 16 November 2020 after the company announced the establishment of the At-The-Market Program.
    Pyxis Tankers Inc. (PXS) is down more than -25.74% at $0.8763 in pre-market hours Monday 16 November 2020 as the company announced results for its 3rd quarter and year to date. The stock had dropped over 0.00% to $1.18 in the last trading session.
    Before the trading started on 16 November 2020, Qutoutiao Inc. (QTT) is down -2.13% to reach $2.3. It has been trading in a 52-week range of $2.12 to $6.55.
    Uxin Limited (UXIN) stock plunged -3.85% to $1.0 in the pre-market trading after the news that the company’s Net Promoter Score (NPS) increases to 30 during the quarter ended September 30, 2020. The most recent rating by JP Morgan, on October 23, 2019, is at a Neutral.
    VistaGen Therapeutics Inc. (NASDAQ: VTGN) shares are trading down -2.13% at $0.6851 at the time of writing. The company’s 52-week range was noted as $0.29 to $1.15. Analysts have a consensus price target of $6.
    Sypris Solutions Inc. (SYPR), an Auto Parts company, dropped about -3.6% at $1.34 in pre-market trading Monday after the company announced its 3rd quarter earnings results.
    Alterity Therapeutics Limited (ATHE) stock moved up 169.57 percent to $3.1 in the pre-market trading.

  • Hall Of Fame Resort (NASDAQ: HOFV) Hires Erica Muhleman As Executive Vice President

    Hall Of Fame Resort (NASDAQ: HOFV) Hires Erica Muhleman As Executive Vice President

    Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) has chosen Erica Muhleman as its executive vice president of New Business Development/Marketing and Sales. Ms. Erica has a deep knowledge of sports. Erica Muhleman is a strong addition to the Hall of Fame Resort’s team because she has a strong background in sports.

    Erica has recently affiliated with HOFV after serving in Pegula Sports and entertainment as Executive VP of business development for the company. Ms. Muhleman has worked on various initiatives there and also organized profitable activities.

    Before joining Pegula Sports she has also worked as VP of Corporate Partnerships for the Buffalo Bills. She has not only managed the multi-million dollar sponsorship but also paly a very important role in relation to corporate partners. Previously, she served as an account director in IMG. In IMG her duty is to control the company’s annual multi-million dollar budget.

    If we look at her educational background, Ms. Muhleman completed her Master of Arts in Marketing from Cleveland State University, & her Bachelor of Arts in Psychology from Ohio University.

    Shares of Hall of Fame & Entertainment Company traded up 22.40% as it gains +0.84 on Wednesday. It has a closing price of $4.59. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $3.58 and a high of $12.31. It has traded up 28.22% from its 52-weeks low and traded down -62.71% from its 52-weeks high. Looking at its liquidity, this firm has a current ratio of 0.20. Hall of Fame and Entertainment Company market cap has remained high, hitting 151.75 million.

    Ms. Erica has earlier-directly worked with large companies leadership executive and business partners including National Basketball Association (NBA), Professional Golf Association (PGA), National Football League (NFL), & the National Women’s Hockey League (NWHL).