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

• Market Cap: $5.69M
• Dividend Yield: N/A
• Average Volume (3M): 362.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: -20.80%
• EPS Growth: 19.16%
• Country: US
• Employees: 71
• Sector: Communication Services
• Sector Strength: 81
• Industry: Entertainment
• EPS (TTM): -2.30
• Shares Outstanding: 6,699,159
• 10 Day Avg. Volume: 362,575
• 30 Day Avg. Volume: 362,262
• 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: 45 Neutral
• Price Target: $1.00 ▲( 17.65% Upside)

Hall of Fame Resort & Entertainment faces severe financial challenges, with high leverage, negative cash flow, and poor profitability. While there is short-term positive momentum in technical analysis, the negative P/E ratio and lack of dividend yield highlight valuation concerns. The overall financial health remains a critical risk, impacting the stock's attractiveness despite some technical strengths.

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 (HOFV) is a resort and entertainment enterprise headquartered in Canton, Ohio. The company operates in the sports, entertainment, and media sectors, focusing on creating a premier destination around the Pro Football Hall of Fame. Its core offerings include a mix of hospitality, live events, and media production, leveraging its unique partnership with the Hall of Fame to deliver exclusive experiences and content.

How the Company Makes Money

Hall of Fame Resort & Entertainment Company generates revenue through multiple streams. The primary sources of income include hospitality services from hotels and resorts, ticket sales, and sponsorships for live events hosted at its facilities. Additionally, the company produces sports-related media content, which is monetized through distribution deals and advertising. Strategic partnerships with organizations like the Pro Football Hall of Fame enhance its offerings and provide additional revenue opportunities through co-branded events and merchandise sales.

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
	EBIT
-29.10M	-29.67M	-49.45M	-37.99M	-36.39M	-31.78M
	EBITDA
-10.18M	-29.67M	-31.33M	-22.32M	-71.87M	-18.31M
	Net Income Common Stockholders
-54.43M	-56.92M	-68.68M	-55.12M	-101.15M	-87.58M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
466.06K	432.17K	3.24M	30.08M	10.28M	7.15M
	Total Assets
127.08M	366.71M	441.90M	456.30M	337.29M	310.84M
	Total Debt
0.00	249.15M	285.96M	174.73M	101.36M	98.90M
	Net Debt
-466.06K	248.72M	282.71M	148.71M	91.08M	91.75M
	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: Positive
• Last Price: 0.85
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOFV, the sentiment is Positive. The current price of 0.85 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.82, and below the 200-day MA of 1.32, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 55.62 is Neutral, neither overbought nor oversold. The STOCH value of 62.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$14.06B	6.51	-3.76%	3.69%	2.48%	-35.40%
LVO	58 Neutral	$80.38M	―	154.70%	―	11.43%	26.78%
SEAT	52 Neutral	$395.66M	25.25	-1.00%	―	0.82%	-102.72%
DLPN	46 Neutral	$12.30M	―	-98.74%	―	0.31%	27.47%
HOFV	45 Neutral	$5.69M	―	-65.28%	―	-20.80%	19.16%
ANGH	43 Neutral	$37.65M	―	-270.84%	―	88.72%	-85.53%
GIFT	35 Underperform	$54.56M	―	-81.15%	―	2.05%	-171.14%

Hall of Fame Resort & Entertainment Corporate Events

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.

Hall of Fame Resort CEO Michael Crawford Resigns

On March 12, 2025, Michael Crawford announced his resignation as President, CEO, and Chairman of Hall of Fame Resort & Entertainment Company to pursue another career opportunity. The company has initiated the search for his successor. A Retention and Consulting Agreement was established, allowing Crawford to continue in his roles until May 18, 2025, after which he will provide consulting services until August 18, 2025. This transition plan ensures continuity in leadership and operations while safeguarding the company’s confidential information and competitive positioning.