Hall of Fame Resort & Entertainment Co(HOFV) is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about HOFV. We will be studying the movement so you can make the best decision as an investor.
First, here is information about the company and how it functions: The Hall of Fame Resort and Entertainment Company (HOFV) is a leading sports, entertainment, and media enterprise headquartered in Canton, Ohio. Established in 2020, the publicly traded Company is the result of a merger between HOF Village, LLC., a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG) which began in 2016 and Gordon Pointe (GPAQ) Acquisition Corp. Under the leadership of seasoned executive, Michael Crawford, the combined entity is poised to capitalize on its unique partnership with the most dominant professional sports brand in the country. This platform allows for the continued development of an integrated destination resort in Ohio named the Hall of Fame Village powered by Johnson Controls as well as other entertainment and media verticals for some of the most powerful and storied brands in the world.
The stock has moved downwards today by 2.88%. The high for today is 5.34 and today’s low is 4.76. This information is critical in deciding whether this investment is risky or not. We can see the stock is trending downwards, which means the volume of people selling this stock is greater than people buying it. Next we will be going over the forecast.
As an investor, you can get an idea where the stock is trending by the forecast. In this case the high forecast for Hall of Fame Resort & Entertainment Co is $20.00 and the low forecast is $10.00. We can get a look into the future by looking at past trends. Looking at Hall of Fame Resort & Entertainment Co’s 5 year movement it seems it has fallen 49%. Overall, Hall of Fame Resort & Entertainment Co is in great shape going forward. They have a strong market cap of $403.10M and a very bright future ahead fo them.