Hall of Fame Resort & Entertainment (HOFV) AI Stock Analysis

• Market Cap: $2.41M
• Dividend Yield: N/A
• Average Volume (3M): 47.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -24.08%
• EPS Growth: -11.16%
• Country: US
• Employees: 71
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): N/A
• Shares Outstanding: 6,700,844
• 10 Day Avg. Volume: 12,024
• 30 Day Avg. Volume: 47,506
• PEG Ratio: <0.01
• Price to Book (P/B): 0.12
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -0.31
• Enterprise Value/Market Cap: 113.89
• Enterprise Value/Revenue: 16.06
• Enterprise Value/Gross Profit: 25.51
• Enterprise Value/Ebitda: -18.68
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: $0.39 ▼(-5.85% Downside)

The overall stock score reflects significant financial and operational challenges faced by Hall of Fame Resort & Entertainment. The company's financial performance is weak, with declining revenues and high leverage. Technical indicators suggest a bearish trend, and valuation metrics are unattractive due to ongoing losses. Recent corporate events further highlight financial instability and potential liquidity issues, making the stock a high-risk investment.

Positive Factors

Diversified Revenue Streams

The diversified revenue model across hospitality, gaming, and entertainment sectors helps mitigate risks associated with reliance on a single income stream, supporting long-term business resilience.

Strategic Partnerships

Strategic partnerships with established sports organizations bolster brand recognition and visitor traffic, contributing to sustained revenue generation and competitive positioning.

Cash Flow Management

Efficient cash flow management allows the company to convert net income into free cash flow, providing liquidity for operations and potential investments despite overall losses.

Negative Factors

High Leverage

High leverage indicates significant financial risk, potentially limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Declining Revenue

A declining revenue trend suggests challenges in maintaining market share and customer engagement, which could hinder long-term profitability and business expansion.

Merger Termination Risk

The risk of merger termination could disrupt strategic plans and financial structuring, impacting stakeholder confidence and the company's ability to execute growth strategies.

Hall of Fame Resort & Entertainment Business Overview & Revenue Model

Company Description

Hall of Fame Resort & Entertainment Company (HOFV) is a premier sports and entertainment company focused on the development and management of a diverse portfolio of assets, including the Hall of Fame Village in Canton, Ohio. The company operates in several sectors, including hospitality, gaming, and entertainment, offering a range of core products and services such as a sports-themed hotel, event spaces, dining experiences, and gaming facilities. HOFV aims to create a unique destination that celebrates sports history while offering various entertainment options for visitors.

How the Company Makes Money

HOFV generates revenue through multiple streams, including hotel accommodations, dining services, event hosting, and gaming operations within its sports-themed complex. The company benefits from partnerships with the Pro Football Hall of Fame and other sports organizations, which enhance its brand visibility and attract visitors. Additionally, revenue comes from ticket sales for events, sponsorship deals, and merchandise sales, creating a diversified income model that leverages its unique position in the sports and entertainment market.

Hall of Fame Resort & Entertainment Financial Statement Overview

Summary

Hall of Fame Resort & Entertainment is facing significant financial challenges, with declining revenues, high leverage, and ongoing losses. The company's profitability and cash flow metrics indicate operational inefficiencies and financial instability. While there are some positive aspects in cash flow management, the overall financial health of the company is concerning, requiring strategic improvements to stabilize and grow.

Income Statement

The company shows a declining revenue trend with a negative revenue growth rate of -12.74% in the TTM period. Gross profit margin has significantly decreased from 71.79% in 2024 to 38.29% in TTM, indicating reduced efficiency in generating profit from sales. Net profit margin remains negative, reflecting ongoing losses. The EBIT and EBITDA margins are also negative, highlighting operational challenges.

Balance Sheet

The debt-to-equity ratio has increased to 8.71 in the TTM period, indicating high leverage and potential financial risk. Return on equity is negative, suggesting the company is not generating profit from shareholders' equity. The equity ratio has decreased, showing a decline in the proportion of assets financed by equity.

Cash Flow

Free cash flow growth is negative, and the operating cash flow to net income ratio is also negative, indicating cash flow challenges. However, the free cash flow to net income ratio is close to 1, suggesting that the company is managing to convert a significant portion of its net income into free cash flow despite overall losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.11M	21.21M	24.13M	15.98M	10.77M	7.10M
Gross Profit	10.77M	15.22M	17.64M	10.03M	-22.44M	-19.02M
EBITDA	-14.71M	-7.36M	-31.33M	-22.50M	-71.87M	-18.31M
Net Income	-62.65M	-55.85M	-68.68M	-45.88M	-92.41M	-45.49M
Balance Sheet
Total Assets	355.95M	366.71M	441.90M	456.30M	337.29M	310.84M
Cash, Cash Equivalents and Short-Term Investments	3.78M	2.87M	5.24M	30.08M	10.28M	7.15M
Total Debt	271.74M	249.15M	222.97M	174.73M	101.36M	98.90M
Total Liabilities	325.72M	294.47M	315.16M	265.04M	132.71M	144.58M
Stockholders Equity	31.19M	73.19M	127.69M	192.14M	205.18M	165.28M
Cash Flow
Free Cash Flow	-11.04M	-27.31M	-72.59M	-100.06M	-91.50M	-66.98M
Operating Cash Flow	-11.69M	-10.91M	-27.00M	-4.89M	-20.76M	-18.37M
Investing Cash Flow	651.70K	-7.77M	-27.83M	-112.13M	-70.73M	-17.58M
Financing Cash Flow	9.26M	11.31M	33.13M	133.15M	68.83M	67.38M

Hall of Fame Resort & Entertainment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOFV, the sentiment is Negative. The current price of 0.41 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.45, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.98 is Neutral, neither overbought nor oversold. The STOCH value of 37.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HOFV.

Hall of Fame Resort & Entertainment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
DLPN	53 Neutral	$17.94M	-2.70	-55.09%	―	3.86%	81.68%
RDI	44 Neutral	$40.80M	-1.72	―	―	7.11%	69.85%
LVO	43 Neutral	$50.01M	―	―	―	-32.17%	-135.06%
ANGH	41 Neutral	$16.42M	-0.23	―	―	88.72%	-85.54%
HOFV	38 Underperform	$2.41M	-0.03	-99.56%	―	-24.08%	-11.16%

Hall of Fame Resort & Entertainment Corporate Events

Hall of Fame Resort Amends Security Agreement

On October 31, 2025, Hall of Fame Resort & Entertainment Company and its subsidiaries entered into a Thirteenth Amendment to their Note and Security Agreement with CH Capital Lending, LLC. This amendment modifies the maturity date definition in the agreement, which is linked to the closing of a merger, its termination, or an event of default. The amendment reflects ongoing strategic financial adjustments within the company, potentially impacting its financial structuring and stakeholder relations.

Hall of Fame Resort Faces Merger Termination Risk

On October 22, 2025, Hall of Fame Resort & Entertainment Company announced a Twelfth Amendment to its Note and Security Agreement with CH Capital Lending, increasing its borrowing capacity by $2 million for general corporate purposes. This amendment, effective October 17, 2025, also extended the maturity date and involved a Membership Interests Pledge Agreement. The company is facing potential financial challenges, as it received a notice of intent to terminate a merger agreement due to unmet obligations, with extensions granted until October 31, 2025. Failure to resolve these issues could significantly impact the company’s liquidity and financial stability.

Hall of Fame Resort Extends Credit Facility Agreement

On September 30, 2025, Hall of Fame Resort & Entertainment Company entered into an Eleventh Amendment to its Note and Security Agreement with CH Capital Lending, increasing its credit facility by $3 million for general corporate purposes and extending the maturity date. This amendment is crucial as it also involves covenants related to foreclosure proceedings if a planned Take Private Transaction does not occur by October 17, 2025. Additionally, the company faced a potential termination of its merger agreement due to unmet obligations, which was extended to October 17, 2025, to allow more time to resolve issues. Failure to obtain necessary consents could severely impact the company’s financial condition and operations.

Hall of Fame Resort Approves Merger Agreement

On September 24, 2025, Hall of Fame Resort & Entertainment Company held a reconvened special meeting of stockholders, where a quorum was achieved with 62.1% voting authority represented. During this meeting, stockholders approved a merger agreement, initially dated May 7, 2025, which involves the company merging with Omaha Merger Sub, Inc., resulting in the company becoming a wholly owned subsidiary of HOFV Holdings, LLC. The merger is still subject to the fulfillment or waiver of certain conditions outlined in the agreement.