Enthusiast Gaming (TSE:EGLX) Price Target Cut to C$4.00

Enthusiast Gaming (TSE:EGLXGet Rating) had its price target lowered by research analysts at Haywood Securities from C$5.00 to C$4.00 in a report released on Wednesday, Stock Target Advisor reports. Haywood Securities’ price objective would suggest a potential upside of 393.83% from the stock’s previous close.

Separately, HC Wainwright decreased their price objective on Enthusiast Gaming to C$4.00 and set a “buy” rating on the stock in a research note on Thursday, September 22nd.

Enthusiast Gaming Trading Down 4.7 %

Shares of EGLX stock opened at C$0.81 on Wednesday. Enthusiast Gaming has a 12 month low of C$0.71 and a 12 month high of C$5.98. The stock has a market cap of C$121.70 million and a PE ratio of -2.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 3.98. The company’s 50 day simple moving average is C$1.09.

About Enthusiast Gaming

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Enthusiast Gaming Holdings Inc engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally. The company operates an online network of approximately 100 gaming related websites; owns and operates Enthusiast Gaming Live Expo, a video-gaming expo; provides management and support services to players involved in professional gaming; owns and manages esports teams for various games comprising Call of Duty, Madden NFL, Fortnite, Overwatch, Super Smash Bros., Rocket League, and Valorant; and produces and programs approximately 30 weekly shows across AVOD and OTT channels, and represents approximately 500 gaming influencers on YouTube and Twitch.

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