Enthusiast Gaming (TSE:EGLX) Trading Up 12.5% – Should You Buy?

Enthusiast Gaming Holdings Inc. (TSE:EGLX)’s stock price was up 12.5% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 188,742 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 88,696 shares. The stock had previously closed at C$0.04.

Enthusiast Gaming Stock Down 10.0%

The firm has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04. The company has a quick ratio of 1.21, a current ratio of 0.15 and a debt-to-equity ratio of 2,565.18. The firm has a market cap of C$7.16 million, a price-to-earnings ratio of -0.16 and a beta of 1.15.

Enthusiast Gaming (TSE:EGLX) last announced its earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share for the quarter. Enthusiast Gaming had a negative net margin of 117.55% and a negative return on equity of 287.94%. The company had revenue of C$9.44 million for the quarter. As a group, sell-side analysts predict that Enthusiast Gaming Holdings Inc. will post -0.15 earnings per share for the current year.

Enthusiast Gaming Company Profile

Enthusiast Gaming Holdings Inc is a gaming company building the media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides a engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience.