wealth_bakery

Undervalued eSports play breaking out!

Long
TSXV:ESE   ESE ENTERTAINMENT INC
- ESE has reported close to 500% revenue growth in Q2 2021 and has mkt cap multiples below competitors with lower revenue numbers.

- Latest financials do not include the new revenue from Motor Sports acquisition. CEO is projecting major revenue growth to continue in Q3 2021.

- $9.17M in cash. No debt.

- One of the tightest floats in the eSports/Gambling space (60M).

- Upcoming catalysts/acquisitions.
Comment: It has now formed a Bull Flag on the daily chart. Weekly bullish MACD cross is signalling a start of longer term bull cycle. Watch for a breakout soon, IMO.

Full-time market researcher. Not an investment advisor. Ideas are not a recommendation to buy or sell securities. For intraday alerts, weekly sector-by-sector analysis, watchlists and more, get our Premium Subscription at http://agstockpicks.com.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.