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Enthusiast Gaming Holdings ( (TSE:EGLX) ) has provided an update.
Enthusiast Gaming Holdings Inc. has updated shareholders on the impact of the Canadian Union of Postal Workers strike on the delivery of proxy-related materials for its upcoming virtual annual general and special meeting. Despite partial resumption of mail delivery, the company has advised shareholders to access electronic copies of meeting materials and vote using available online methods due to potential delays. The meeting will address several key matters, including financial statements, director elections, and share issuance resolutions, with shareholders encouraged to participate virtually.
The most recent analyst rating on (TSE:EGLX) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Enthusiast Gaming Holdings stock, see the TSE:EGLX Stock Forecast page.
Spark’s Take on TSE:EGLX Stock
According to Spark, TipRanks’ AI Analyst, TSE:EGLX is a Underperform.
The overall stock score is heavily influenced by the company’s poor financial performance, characterized by declining revenues and persistent losses. Technical analysis indicates a bearish trend, with the stock trading below key moving averages. Valuation metrics are weak, with a negative P/E ratio and no dividend yield, further impacting the score.
To see Spark’s full report on TSE:EGLX stock, click here.
More about Enthusiast Gaming Holdings
Enthusiast Gaming is a digital publisher that creates tools, platforms, and experiences for gamers. It owns and operates well-known gaming properties such as U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout. The company generates revenue through programmatic advertising, subscriptions, and events, focusing on expanding its intellectual property and enhancing audience engagement.
Average Trading Volume: 113,514
Technical Sentiment Signal: Sell
Current Market Cap: C$11.94M
Find detailed analytics on EGLX stock on TipRanks’ Stock Analysis page.