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

• Market Cap: $2.88M
• Dividend Yield: N/A
• Average Volume (3M): 47.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: -17.54%
• EPS Growth: 24.84%
• 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: 97.65
• Enterprise Value/Revenue: 14.37
• Enterprise Value/Gross Profit: 21.20
• Enterprise Value/Ebitda: -26.92
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $0.50 ▲(13.64% Upside)

The overall stock score of 40 reflects significant financial challenges, including high leverage and negative cash flows, which are the most impactful factors. Technical analysis indicates a bearish trend, further weighing down the score. Valuation metrics also highlight ongoing profitability issues, contributing to the low overall score.

Positive Factors

Diversified Revenue Streams

The company's diversified revenue model across hospitality, gaming, and entertainment sectors provides resilience against sector-specific downturns, enhancing long-term stability.

Strategic Partnerships

Partnerships with renowned sports organizations bolster brand visibility and attract visitors, providing a competitive edge and supporting sustained revenue generation.

Unique Market Position

By focusing on a niche market that combines sports history with entertainment, HOFV differentiates itself, potentially capturing a loyal customer base and driving long-term growth.

Negative Factors

High Leverage

High leverage indicates significant financial risk, potentially limiting the company's ability to invest in growth opportunities and affecting long-term financial stability.

Negative Cash Flows

Persistent negative cash flows can strain the company's liquidity, hindering its ability to sustain operations and invest in future growth, posing a risk to long-term viability.

Declining Revenue

Declining revenue growth suggests challenges in maintaining market share or customer engagement, which could impact the company's ability to achieve sustainable long-term growth.

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 across all verticals. The company struggles with declining revenues, high leverage, and negative cash flows. While there are minor improvements in certain areas, the overall financial health is concerning, with substantial risks due to high debt levels and ongoing losses.

Income Statement

The income statement shows significant challenges with profitability and growth. The company has consistently reported negative net income, leading to negative net profit margins. The TTM data shows a negative revenue growth rate, indicating declining sales. Gross profit margins have been positive but are declining, suggesting pressure on cost management. Overall, the company faces substantial profitability issues.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio increasing to 5.79 in the TTM period, indicating significant financial risk. Return on equity is negative, reflecting ongoing losses. The equity ratio is low, suggesting limited equity financing. The company is heavily reliant on debt, posing a risk to financial stability.

Cash Flow

Cash flow analysis indicates negative operating and free cash flows, although there is a slight improvement in free cash flow growth in the TTM period. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. The free cash flow to net income ratio is positive, indicating some ability to cover net losses with free cash flow, but overall cash flow remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.60M	21.21M	24.13M	15.98M	10.77M	7.10M
Gross Profit	13.29M	15.22M	17.64M	-25.95M	-21.83M	-19.02M
EBITDA	-10.46M	-7.36M	-31.33M	-22.32M	-71.87M	-18.31M
Net Income	-52.71M	-55.85M	-68.68M	-45.88M	-92.41M	-45.49M
Balance Sheet
Total Assets	360.50M	366.71M	441.90M	456.30M	337.29M	310.84M
Cash, Cash Equivalents and Short-Term Investments	831.08K	2.87M	3.24M	30.08M	10.28M	7.15M
Total Debt	265.34M	266.93M	285.96M	174.73M	101.36M	98.90M
Total Liabilities	315.67M	294.47M	315.16M	265.04M	132.71M	126.65M
Stockholders Equity	45.79M	73.19M	127.69M	192.14M	205.18M	165.28M
Cash Flow
Free Cash Flow	-16.52M	-27.31M	-72.59M	-100.06M	-91.50M	-66.98M
Operating Cash Flow	-11.91M	-10.91M	-27.00M	-4.89M	-20.76M	-18.37M
Investing Cash Flow	-4.11M	-7.77M	-27.83M	-112.13M	-70.73M	-17.58M
Financing Cash Flow	14.82M	11.31M	33.13M	133.15M	68.83M	67.38M

Hall of Fame Resort & Entertainment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 0.44 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.56, and below the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 13.13 is Positive, 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	50 Neutral	$18.89M	-0.69	-101.62%	―	4.84%	-9.71%
RDI	46 Neutral	$47.15M	―	―	―	7.59%	61.22%
ANGH	41 Neutral	$18.72M	-0.25	―	―	88.72%	-85.54%
HOFV	40 Underperform	$2.88M	-0.05	-72.74%	―	-17.54%	24.84%
LVO	39 Underperform	$59.67M	-2.49	―	―	-18.76%	-21.71%

Hall of Fame Resort & Entertainment Corporate Events

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.

The most recent analyst rating on (HOFV) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.

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.

The most recent analyst rating on (HOFV) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.

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.

The most recent analyst rating on (HOFV) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.

Hall of Fame Resort Seeks Shareholder Votes for Meeting

On September 17, 2025, Hall of Fame Resort & Entertainment Company reached out to its stockholders to encourage them to vote their shares in a special meeting that was initially held on September 16, 2025, and adjourned to September 24, 2025. This move aims to solicit additional proxies and ensure adequate representation and decision-making in the meeting.

The most recent analyst rating on (HOFV) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.

Hall of Fame Resort Amends Security Agreement with CH Capital

On September 16, 2025, Hall of Fame Resort & Entertainment Company amended its Note and Security Agreement with CH Capital Lending, increasing its borrowing capacity by $2 million for corporate purposes. This amendment also included changes to debt definitions and collateral transfer conditions, potentially impacting the company’s financial stability. Additionally, a special stockholder meeting was held to discuss a merger agreement with HOFV Holdings, LLC and others, but the meeting was adjourned to September 24, 2025, to gather more votes. The merger’s termination date was extended to September 30, 2025, due to unresolved obligations, which could adversely affect the company’s financial condition if not addressed.

The most recent analyst rating on (HOFV) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.

Hall of Fame Faces Merger Termination Notice

On September 5, 2025, Hall of Fame Resort & Entertainment Company received a notice from its merger partners, indicating their intent to terminate the merger agreement due to the company’s failure to meet certain obligations. This termination, effective September 17, 2025, could significantly impact the company’s financial stability, as it also faces the maturity of significant debt obligations on September 30, 2025, without assurance of additional funding or restructuring.

The most recent analyst rating on (HOFV) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.