Enthusiast Gaming Holdings Stock Today

EGLX Stock  CAD 0.16  0.02  11.11%   

Performance

5 of 100

 
Weak
 
Strong
Modest

Odds Of Distress

Over 70

 
High
 
Low
Quite High
Enthusiast Gaming is selling at 0.16 as of the 25th of November 2024; that is 11.11 percent decrease since the beginning of the trading day. The stock's open price was 0.18. Enthusiast Gaming has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Enthusiast Gaming Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain
Media & Entertainment
Category
Communication Services
Enthusiast Gaming Holdings Inc. engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally. The company was incorporated in 2018 and is headquartered in Toronto, Canada. ENTHUSIAST GAMING operates under Internet Content Information classification in Canada and is traded on Toronto Stock Exchange. The company has 155.77 M outstanding shares of which 164.95 K shares are currently shorted by private and institutional investors with about 2.9 days to cover all short positions. More on Enthusiast Gaming Holdings

Enthusiast Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enthusiast Gaming's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enthusiast Gaming or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President EGLiveCorey Mandell
Thematic IdeaToys (View all Themes)
Business ConcentrationInteractive Media & Services, Internet Content & Information, Communication Services, Toys, Communication Services, Interactive Media & Services, Internet Content & Information, Communication Services (View all Sectors)
Enthusiast Gaming's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Enthusiast Gaming's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Enthusiast Gaming can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Enthusiast Gaming's financial leverage. It provides some insight into what part of Enthusiast Gaming's total assets is financed by creditors.
Liquidity
Enthusiast Gaming cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Enthusiast Gaming Holdings has accumulated 23.72 M in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Enthusiast Gaming has a current ratio of 0.98, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enthusiast Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Enthusiast Gaming's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enthusiast Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enthusiast to invest in growth at high rates of return. When we think about Enthusiast Gaming's use of debt, we should always consider it together with cash and equity.

Depreciation

7.42 Million
Enthusiast Gaming Holdings (EGLX) is traded on Toronto Exchange in Canada and employs 120 people. Enthusiast Gaming is listed under Interactive Media & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 24.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enthusiast Gaming's market, we take the total number of its shares issued and multiply it by Enthusiast Gaming's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Enthusiast Gaming operates under Interactive Media & Services sector and is part of Communication Services industry. The entity has 155.77 M outstanding shares of which 164.95 K shares are currently shorted by private and institutional investors with about 2.9 days to cover all short positions. Enthusiast Gaming Holdings has accumulated about 15.07 M in cash with (2.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Check Enthusiast Gaming Probability Of Bankruptcy
Ownership Allocation
Enthusiast Gaming holds a total of 155.77 Million outstanding shares. Roughly 99.02 percent of Enthusiast Gaming outstanding shares are held by general public with 0.95 (percent) owned by insiders and only 0.03 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Enthusiast Ownership Details

Enthusiast Gaming Risk Profiles

Although Enthusiast Gaming's alpha and beta are two of the key measurements used to evaluate Enthusiast Gaming's performance over the market, the standard measures of volatility play an important role as well.

Enthusiast Stock Against Markets

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Enthusiast Gaming Corporate Management

Elected by the shareholders, the Enthusiast Gaming's board of directors comprises two types of representatives: Enthusiast Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enthusiast. The board's role is to monitor Enthusiast Gaming's management team and ensure that shareholders' interests are well served. Enthusiast Gaming's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enthusiast Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
JB ElliottSenior CounselProfile
Matt GoodmanExecutive PartnershipsProfile
Scotty TidwellExecutive CreatorsProfile
Amanda RubinExecutive SolutionsProfile
Alex GonzalezHead GamingProfile
Felicia DellaFortunaChief OfficerProfile

Other Information on Investing in Enthusiast Stock

Enthusiast Gaming financial ratios help investors to determine whether Enthusiast Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enthusiast with respect to the benefits of owning Enthusiast Gaming security.