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

• Market Cap: $5.69M
• Dividend Yield: N/A
• Average Volume (3M): 37.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: -20.80%
• EPS Growth: 19.16%
• Country: US
• Employees: 71
• Sector: Communication Services
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): -2.30
• Shares Outstanding: 6,699,159
• 10 Day Avg. Volume: 77,818
• 30 Day Avg. Volume: 37,751
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: $1.00 ▲(20.48%Upside)

The primary concerns for Hall of Fame Resort & Entertainment are its financial instability and negative technical indicators. The impending Nasdaq delisting further exacerbates risks, overshadowing any potential positive developments. The stock's valuation metrics, including a negative P/E ratio, are also unfavorable.

Positive Factors

Campus activity

There was also progress in campus activity, with HOFV hosting 2,800 participants in the inaugural NFL Flag competition.

Equity and debt support

Stuart Lichter and affiliates have provided crucial equity and debt capital support, essential for the company's projects.

Financing discussions

HOFV has obtained private and municipal financing totaling more than $200M and is in active discussions regarding additional municipal and other funding.

Negative Factors

Construction financing risks

There are risks related to construction financing, funding, and equity dilution, which could impact the company's financial stability.

Revenue guidance reduction

Management reduced 2024 revenue guidance to $20M-$22M, -13% y/y at the midpoint, from $24M-$27M.

Stock rating downgrade

The stock rating was downgraded to Hold due to limited upside potential and uncertainty surrounding the go-private proposal.

Hall of Fame Resort & Entertainment Business Overview & Revenue Model

Company Description

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the premier sports, entertainment, and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio. The company was founded in 2015 and is headquartered in Canton, Ohio. Hall of Fame Resort & Entertainment Company is a subsidiary of Industrial Realty Group, LLC.

How the Company Makes Money

Hall of Fame Resort & Entertainment Company generates revenue through multiple streams. The primary source of income is its themed attractions and resorts, which include hotel accommodations, event hosting, and retail operations. Additionally, the company capitalizes on media content through partnerships and the production of original programming, leveraging its connections with the Pro Football Hall of Fame and the NFL to create engaging content. HOFV also explores opportunities in the gaming industry, including sports betting and fantasy sports, which contribute to its earnings. Strategic partnerships with sports organizations, media companies, and gaming firms play a significant role in enhancing its revenue potential and expanding its offerings.

Hall of Fame Resort & Entertainment Financial Statement Overview

Summary

Hall of Fame Resort & Entertainment faces significant financial challenges with persistent net losses, high leverage, and negative cash flows. The company's financial health is impacted by declining revenues and increasing debt burdens. Urgent measures are needed to improve operational efficiency, manage debt levels, and enhance cash flow generation to sustain future operations.

Income Statement

The company has struggled with consistent revenue and profit growth. Revenue growth has been irregular, with a decline in 2024 compared to 2023. Negative EBIT and net margins indicate ongoing profitability challenges. The gross profit margin is positive, but high operating expenses are impacting net profitability.

Balance Sheet

The company has a high debt-to-equity ratio, which could indicate potential financial instability and risk. Stockholders' equity has decreased significantly over the years, indicating financial stress. Despite this, the company maintains a reasonable equity ratio, suggesting moderate asset backing.

Cash Flow

The company has negative free cash flow and operating cash flow, reflecting cash management issues. Free cash flow growth has been negative, indicating more cash is leaving than being generated. This trend could affect liquidity if not addressed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.53M	21.21M	24.13M	15.98M	10.77M	7.10M
Gross Profit	3.03M	15.22M	17.64M	-25.95M	-21.42M	-19.02M
EBITDA	-10.18M	-29.67M	-31.33M	-22.32M	-71.87M	-18.31M
Net Income	-54.43M	-56.92M	-68.68M	-55.12M	-101.15M	-87.58M
Balance Sheet
Total Assets	127.08M	366.71M	441.90M	456.30M	337.29M	310.84M
Cash, Cash Equivalents and Short-Term Investments	466.06K	432.17K	3.24M	30.08M	10.28M	7.15M
Total Debt	0.00	249.15M	285.96M	174.73M	101.36M	98.90M
Total Liabilities	4.67M	294.47M	315.16M	265.04M	132.71M	126.65M
Stockholders Equity	5.00M	73.19M	127.69M	192.14M	205.18M	184.39M
Cash Flow
Free Cash Flow	-39.59M	-27.31M	-72.59M	-100.06M	-91.50M	-66.98M
Operating Cash Flow	-14.52M	-10.91M	-27.00M	-4.89M	-20.76M	-18.37M
Investing Cash Flow	-16.44M	-7.77M	-27.83M	-112.13M	-70.73M	-17.58M
Financing Cash Flow	26.68M	11.31M	33.13M	133.15M	68.83M	67.38M

Hall of Fame Resort & Entertainment Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.83
• 50DMA: Positive
• 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 Neutral. The current price of 0.83 is below the 20-day moving average (MA) of 0.86, above the 50-day MA of 0.83, and below the 200-day MA of 1.13, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 47.95 is Neutral, neither overbought nor oversold. The STOCH value of 49.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 *	61 Neutral	$41.24B	-0.79	-14.21%	3.80%	2.39%	-73.52%
LVO	58 Neutral	$86.96M	―	154.70%	―	11.43%	26.78%
SEAT	56 Neutral	$387.42M	25.25	-1.00%	―	0.82%	-102.72%
DLPN	52 Neutral	$13.18M	―	-98.74%	―	0.31%	27.47%
ANGH	41 Neutral	$33.42M	―	-270.84%	―	88.72%	-85.53%
HOFV	39 Underperform	$5.69M	―	-65.28%	―	-20.80%	19.16%
GIFT	35 Underperform	$39.89M	―	-81.15%	―	2.05%	-171.14%

Hall of Fame Resort & Entertainment Corporate Events

Hall of Fame Resort Faces Nasdaq Delisting Notice

On June 18, 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 general corporate purposes. Additionally, the company received a delisting notice from Nasdaq due to its failure to hold an annual shareholder meeting by June 30, 2025, as required by Nasdaq rules. The company does not plan to appeal the delisting, and its stock is expected to move to the OTC Markets Group.

The most recent analyst rating on (HOFV) stock is a Buy with a $8.00 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 Secures Increased Lending Facility

On May 27, 2025, Hall of Fame Resort & Entertainment Company and its subsidiaries entered into a Seventh Amendment to their Note and Security Agreement with CH Capital Lending, increasing their facility amount from $10 million to $12 million for general corporate purposes. Additionally, John Van Buiten announced his resignation as Vice President of Accounting, effective upon the closure of a merger or by August 31, 2025, with no disagreements cited with the company.

The most recent analyst rating on (HOFV) stock is a Buy with a $8.00 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 Note Agreement with CH Capital

On May 13, 2025, Hall of Fame Resort & Entertainment Company and its subsidiaries entered into a Sixth Amendment to Note and Security Agreement with CH Capital Lending, LLC. This amendment increases the facility amount from $8 million to $10 million, extends the maturity date to September 30, 2025, and sets distinct processes for different types of advancement requests. The amendment also outlines efforts to achieve take private transaction deal milestones, impacting the company’s financial operations and strategic positioning.

The most recent analyst rating on (HOFV) stock is a Buy with a $8.00 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 Enters Merger Agreement

On May 7, 2025, Hall of Fame Resort & Entertainment Company entered into a merger agreement with HOFV Holdings, LLC, which will result in the company becoming a privately held entity. The agreement, approved by the company’s board, involves the acquisition of all outstanding shares for $0.90 per share in cash. Additionally, the company announced a lease restructuring for its waterpark, hotel, and stadium properties, aiming to restart construction projects and enhance its strategic flexibility. The transaction is subject to customary closing conditions and approvals, including financing and third-party consents.

Hall of Fame Resort Announces Leadership Changes

On April 24, 2025, Hall of Fame Resort & Entertainment Company announced leadership changes effective May 18, 2025, following Michael Crawford’s resignation as President, CEO, and Chairman. Karl L. Holz will assume the role of non-executive Chairman, while Lisa Gould and Eric Hess are promoted to principal executive and financial officers, respectively, indicating a strategic shift in the company’s leadership structure.