Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX) went down by -12.41% from its latest closing price compared to the recent 1-year high of $4.74. The company’s stock price has collected -20.24% of loss in the last five trading sessions.
Is It Worth Investing in Enthusiast Gaming Holdings Inc. (NASDAQ :EGLX) Right Now?
EGLX currently public float of 128.43M and currently shorts hold a 1.59% ratio of that float. Today, the average trading volume of EGLX was 281.70K shares.
EGLX’s Market Performance
EGLX stocks went down by -20.24% for the week, with a monthly drop of -30.43% and a quarterly performance of -55.41%, while its annual performance rate touched -73.34%. The volatility ratio for the week stands at 7.41% while the volatility levels for the past 30 days are set at 8.27% for Enthusiast Gaming Holdings Inc. The simple moving average for the period of the last 20 days is -22.91% for EGLX stocks with a simple moving average of -56.46% for the last 200 days.
Analysts’ Opinion of EGLX
H.C. Wainwright, on the other hand, stated in their research note that they expect to see EGLX reach a price target of $10. The rating they have provided for EGLX stocks is “Buy” according to the report published on June 23rd, 2021.
EGLX Trading at -37.40% from the 50-Day Moving Average
After a stumble in the market that brought EGLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.30% of loss for the given period.
Volatility was left at 8.27%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares sank -31.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.80% lower at present.
During the last 5 trading sessions, EGLX fell by -20.24%, which changed the moving average for the period of 200-days by -71.65% in comparison to the 20-day moving average, which settled at $1.2495. In addition, Enthusiast Gaming Holdings Inc. saw -66.63% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EGLX
Current profitability levels for the company are sitting at:
- -29.65 for the present operating margin
- -9.44 for the gross margin
The net margin for Enthusiast Gaming Holdings Inc. stands at -31.10. Equity return is now at value -20.40, with -14.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.