Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX) saw an upside of 0.83% to close Friday at $3.66 after adding $0.03 on the day. The 5-day average trading volume is 462,020 shares of the company’s common stock. It has gained $3.78 in the past week and touched a new high 2 times within the past 5 days. An average of 444,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 514,410.
EGLX’s 1-month performance is -18.30% or -$0.82 on its low of $3.42 reached on 09/29/21. The company’s shares have touched a 52-week low of $1.04 and high of $8.88, with the stock’s rally to the 52-week high happening on 04/21/21. YTD, EGLX has achieved 2.57% or $0.09 and has reached a new high 10 times. However, the current price is down -58.78%% from the 52-week high price.
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Enthusiast Gaming Holdings Inc. (EGLX) has a trailing price-to-earnings (P/E) ratio of 25.45 for the broader industry and 30.56 for the sector, meaning that investors are optimistic about the stock’s future prospects. EGLX stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.74 while the price-to-book (PB) in the most recent quarter is 1.81.
Enthusiast Gaming Holdings Inc.’s quick ratio for the recent quarter was 2.70, with the current ratio over the same period at 2.70 meaning that EGLX stock is able to fulfill its debt obligations. As well, the company’s total debt to equity was 0.05The trailing 12-month EBITDA margin is -16.54%. The firm’s gross profit as reported stood at $13.94 million against revenue of $54.47 million.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. In comparison, the average ROE for the broader industry over the past year is 3.52.
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$8.0 million. EGLX stock balance sheet for the recent quarter shows that total liabilities totaled 46.63 million, with total debt at $12.52 million
Let’s look briefly at Enthusiast Gaming Holdings Inc. (EGLX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 41.91% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.00%.
The stock’s 5-day moving average is $3.56, reflecting a -1.88% or -$0.07 change from its current price. EGLX is currently trading -19.74% above its 20-day SMA, -50.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -29.89% and +25.34% respectively.
Stochastic %K and %D was 22.50% and 13.52% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 38.86%, while the 14-day stochastic is at 35.29% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.14 on the 14-day charts.
In the most recent analyst report for Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for EGLX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EGLX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.
What is EGLX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $12.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for Enthusiast Gaming Holdings Inc. (EGLX) stock is $10.81.