TSE:EGLX

0.16
0.00 (0.00%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Enthusiast Gaming Holdings Inc. (EGLX-T) is focused on building the largest media platform for video game and esports fans, with a strong emphasis on developing content-rich digital media and fostering user interaction. The company posted record revenue and gross profit for the third quarter of 2022, but also experienced a significant increase in operating expenses and a net loss driven by a non-cash loss on impairment of goodwill. However, a recent content partnership account with Google has provided a positive boost to the stock price.

Consensus
Mixed
Valuation
Fair Value
Similar
GAME, GMER
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EGLX is building the largest media platform for video game and esports fans to connect and engage with its approximately 300 million gaming enthusiasts worldwide. 
Central to its ability to create valuable advertising space (referred to as “Inventory”) is the ability to both develop content-rich digital media and foster the interaction and contributions of its users to its digital media properties. 
To this end, it maintains a network of full and part-time content developers.
Results posted November 14, 2022, for the 3rd quarter ended September 30th were a record: Revenue at $50.6 million was up 17% over the comparable prior period; Gross profit at $16.6 million was up 64%; Operating expenses at $26.6 million were up 24.3%. 
However, the net loss was $37.9 million (after taking a $31.3 million non-cash loss on impairment of goodwill) compared to a loss of $12.4 million in the prior period. Long-term debt increased YTD by $8.2 million and cash on hand closed at $15.8 million, down $6.8 million. These results appear to have given the stock price a nudge, but the announcement on December 1st that EGLX had entered into a content partnership account with Google seems to have provided the principal lift.
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communications / media
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong tailwinds from gaming entertainment. Growing high margin revenues. Large audience; proven ability to monetize. Not yet profitable; shares can be volatile.
communications / media
HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong tailwinds from gaming entertainment. Growing high margin revenues. Large audience; proven ability to monetize. Not yet profitable; shares can be volatile. Unlock Premium - Try 5i Free

communications / media
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Although the company has missed estimates in recent quarters, they added more recently. The balance sheet is strong and sales are growing. Insiders own 18%. Unlock Premium - Try 5i Free

communications / media
COMMENT
Growth by acquisition, as a holding company, and from their community of video games. Expected to lose $.31 per share, although sales are growing. Continues to grow and a potential acquisition candidate. Near term free cashflow is less exciting.
communications / media
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The last quarter was disappointing for some. The financing has taken some momentum out of the stock. However, long term potential remains good. It is well positioned and has cash. Cheaper compared to other high growth peers. Unlock Premium - Try 5i Free

communications / media
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The market cap has now exceeded $1B. Momentum is good. Okay for growth investor in a different and growing sector. The company is doing a lot of things right. Unlock Premium - Try 5i Free

communications / media
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Enthusiast Gaming Holdings Inc.(EGLX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Enthusiast Gaming Holdings Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Enthusiast Gaming Holdings Inc.(EGLX-T) Frequently Asked Questions

What is Enthusiast Gaming Holdings Inc. stock symbol?

Enthusiast Gaming Holdings Inc. is a Canadian stock, trading under the symbol EGLX-T on the Toronto Stock Exchange (EGLX-CT). It is usually referred to as TSX:EGLX or EGLX-T

Is Enthusiast Gaming Holdings Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about EGLX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Enthusiast Gaming Holdings Inc..

Is Enthusiast Gaming Holdings Inc. a good investment or a top pick?

Enthusiast Gaming Holdings Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Enthusiast Gaming Holdings Inc..

Why is Enthusiast Gaming Holdings Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Enthusiast Gaming Holdings Inc. worth watching?

1 stock analyst on Stockchase covered Enthusiast Gaming Holdings Inc. In the last year. It is a trending stock that is worth watching.

What is Enthusiast Gaming Holdings Inc. stock price?

On 2024-04-16, Enthusiast Gaming Holdings Inc. (EGLX-T) stock closed at a price of $0.16.