Is Mobile Global Esports Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Mobile Global Esports Inc (MGAM) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Mobile Global Esports Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Mobile Global Esports Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Mobile Global Esports Inc?

Muslim investors may consider investing in Mobile Global Esports Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Mobile Global Esports Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Mobile Global Esports Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Mobile Global Esports Inc updated?

The Shariah compliance status of Mobile Global Esports Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Mobile Global Esports Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Mobile Global Esports Inc?

You can check the latest Shariah compliance status of Mobile Global Esports Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MGAM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 27, 2024

Report Source: 2024 1st Quarter Report

Analyst's Ratings for Mobile Global Esports Inc (MGAM)

Based on 6 analysts giving stock ratings to Mobile Global Esports Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Mobile Global Esports Inc. Stock Analysis MGAM

United States Communication Services Nano Cap Report: Q1, 2024

The company is headquartered in Westport, Connecticut. The company went IPO on 2022-07-29.

Key Statistics of Mobile Global Esports Inc (MGAM)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.00$0.01

Today's Open

$0.00

Volume

150.20K

P/E Ratio (TTM)

52 Week Range

$0.00$0.24

Market Cap

433.70K

Avg. Volume

549.43K

Dividend Yield

Financial Metrics & Statements of Mobile Global Esports Inc (MGAM)

FAQ's for Mobile Global Esports Inc (MGAM)

According to Musaffa’s Shariah screening methodology, Mobile Global Esports Inc (MGAM) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.