Stock to Watch: Enthusiast Gaming Holdings Inc. (TSXV:EGLX)

Enthusiast Gaming

Analysts across the board are offering very positive recommendations for Enthusiast Gaming Holdings Inc. (TSXV:EGLX), a digital media company that develops and operates an online community of video gamers worldwide, with a network of more than 80 owned and affiliated websites and gaming related websites that draw in more than 75 million users every month and a network of 900 YouTube channels that reach 150 million visitors.

Enthusiast Gaming Holdings Inc. (TSXV:EGLX) has quickly become an analyst favorite in the esports space thanks to several sizable deals and has established itself as the largest online gaming information network in the United States.

On November 5, 2019, Enthusiast Gaming Holdings Inc.’s (TSXV:EGLX) share price closed at $2.20 CAD on the Canadian Securities Exchange with a trading volume of 430,890 shares.

Enthusiast Gaming Holdings Inc. (TSXV:EGLX) has a market cap of $158.5 million CAD with 72,047,574 shares issued.

Investing.com

According to Investing.com’s technical analysis, Enthusiast Gaming Holdings Inc. (TSXV:EGLX) has received a solid BUY recommendation, with nine Moving Averages indicating a BUY and eight Technical Indicators pointing to a STRONG BUY.

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Tradingview.com

Enthusiast Gaming Holdings Inc. (TSXV:EGLX) currently has a BUY recommendation from TradingView’s technical analysis, which takes into account multiple indicators to give an overall assessment of the stock’s price and direction. The overall recommendation for the company is a “BUY.” 

Morningstar.com

According to MorningStar’s value assessment, Enthusiast Gaming Holdings Inc. (TSXV:EGLX) is “Undervalued” and trading at a 51% discount. On November 5, 2019, Enthusiast Gaming Holdings Inc. (TSXV:EGLX) closed at $2.20 CAD, which is below the “Fair Value” of $4.45 CAD set by Morningstar.

Morningstar’s Fair Value Estimate guides investors to the long-term, intrinsic value of a company’s stock, helping them see beyond the current market price.

 

According to MorningStar, Enthusiast Gaming Holdings Inc. (TSXV:EGLX) has a fair value of $4.45 CAD per share as of November 5, 2019, with a three-star rating. Their assessment is a 51% discount to their fair value target price.

Overall, Enthusiast Gaming Holdings Inc. (TSXV:EGLX) has received very positive BUY ratings across the board and the company’s stock is “Undervalued” at its current price of $2.20 CAD.

Featured image: Enthusiast Gaming

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