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. Based on the Enthusiast Gaming Holdings Inc stock forecasts from 7 analysts, the average analyst target price for Enthusiast Gaming Holdings Inc is CAD 8.79 over the next 12 months. Enthusiast Gaming Holdings Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Enthusiast Gaming Holdings Inc is Neutral, which is based on 3 positive signals and 3 negative signals. At the last closing, Enthusiast Gaming Holdings Inc’s stock price was CAD 3.15. Enthusiast Gaming Holdings Inc’s stock price has changed by +45.16% over the past week, +16.67% over the past month and -55.94% over the last year.

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EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | TSX | Common Stock
Values as of 17th May, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Last Close
CAD 3.15
Change
+0.78(+32.91%)
Market Cap
CAD 0.32B
1 Yr Capital Gain
-55.63%
1 Yr Dividend Return
N/A
1 Yr Total
Return
-55.63%
Earning Growth (5 yr)
33.74%
Average Target Price
8.79(+179.10% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Neutral
Our view of the stock is Neutral with a score of 5 out of 10, where 0 is very bearish and 10 very bullish
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector.
Sometimes this is low because the company is not growing and has no growth potential.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
What to not like
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Negative cashflow
The company had negative total cash flow in the most recent four quarters.
Negative earnings
The company had negative total earnings in the most recent four quarters.

2. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
EGLX:CA
Enthusiast Gaming Holdings
Inc
-64.9% 0 -64.9%
XIU:CA
iShares S&P/TSX 60 Index ETF
+12.1% +2.7% +14.8%
Company Overview
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, which cover 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 in YouTube and Twitch. It also operates Luminosity Gaming, an eSports franchise; and hosts other gaming events.
The company is headquartered in Toronto, Canada. Address: 90 Eglinton Avenue East, Toronto, ON, Canada, M4P 2Y3

3. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.enthusiastgaming.com
Address
90 Eglinton Avenue East, Toronto, ON, Canada, M4P 2Y3
Fiscal Year End
December
Employees
200
Technical Indicators
Value Value
Beta 1.08 52 Week High 8.91
Short Ratio 3.92 52 Week Low 2.05
Shorted Shares 1,909,592 200 Day Moving Average 4.04
Shorted Shares Previous Month 2,188,104 50 Day Moving Average 2.94
Shares Held By Insiders 2,041.70% Short Percentage 1.00%
Shares Held by Institutions 15.04 Dividend Yield N/A

4. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Market Performance
Market Performance vs. Industry / Classification (Internet Content & Information) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -15.32% -38.9% 80% -9.1% 27%
Dividend Return N/A N/A N/A 1.0% N/A
Total Return -15.32% -38.9% 80% -8.5% 27%
Trailing 12 Months
Capital Gain -55.63% -76.5% 75% -5.2% 5%
Dividend Return N/A N/A N/A 2.6% N/A
Total Return -55.63% -76.5% 75% -3.5% 5%
Trailing 5 Years
Capital Gain N/A -82.4% N/A 7.1% N/A
Dividend Return N/A 6.6% N/A 11.4% N/A
Total Return N/A -75.7% N/A 19.7% N/A
Average Annual (5 Year Horizon)
Capital Gain 239.48% 0.3% 100% 4.6% 99%
Dividend Return N/A 1.8% N/A 1.8% N/A
Total Return 239.48% 2.1% 100% 6.3% 99%
Risk Return Profile
Volatility (Standard
Deviation)
313.02% 69.9% 25% 15.9% 1%
Risk Adjusted Return 76.51% N/A 100% 40.7% 85%
Market Capitalization 0.32B 0.32B 60% 0.32B 50%

5. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio -100,000.0 81.6 100% 13.6 100%
pbratio 1.2 1.2 60% 1.5 58%
pcfratio -13.4 17.6 100% 7.3 89%
pfcfratio N/A 46.9 N/A 9.2 N/A
Management Effectiveness
retequity -25.73% -12.9% 40% 9.0% 13%
retinvcap -21.61% -3.0% 20% 4.3% 11%
retass -10.17% -3.6% 20% 2.5% 11%
debtequityratio 2.98% 21.0% 75% 50.5% 89%
Technical Ratios
yield N/A 6.5% N/A 3.8% N/A
sratio 3.92 3.92 60% 1.76 32%
spercent 0.92% 2.1% 80% 2.1% 63%
beta 1.08 1.53 100% 1.04 45%

6. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Maintains Scotiabank Capital Outperform CAD 8 2022-05-17
Target Up RBC Royalbank Outperform CAD 8 2022-05-17
Maintains STA Research Buy CAD 5 2022-05-17
Assigns STA Research Buy CAD 5 2022-03-31
Assigns Paradigm Capital Buy CAD 9 2022-03-31
Target Down Scotiabank Capital Outperform CAD 8 2022-03-29
Maintains Scotiabank Capital Outperform CAD 9.75 2022-02-09
Target Down Canaccord Capital Buy CAD 15 2022-02-09
Target Down Alliance Global Partners Outperform CAD 7 2022-02-09
Target Colliers Securities Buy CAD 12 2022-02-08
Target Down Alliance Global Partners Outperform CAD 9 2021-12-08
Maintains Scotiabank Capital Outperform CAD 9.75 2021-11-24
Target Down Canaccord Capital Buy CAD 9 2021-11-12
Target RBC Royalbank Outperform CAD 9 2021-10-01
Target Up Scotiabank Capital CAD 9.75 2021-08-11
Target Down Alliance Global Partners CAD 10 2021-08-11
Target Lowered by Canaccord Capital CAD 12 » CAD 11.5 2021-06-16
Target Raised by Colliers Securities CAD 6.5 » CAD 12 2021-03-23
Target Raised by Alliance Global Partners CAD 11 » CAD 14 2021-03-23
Target Raised by Canaccord Capital CAD 8.75 » CAD 12 2021-03-23
Target Up Alliance Global Partners NA CAD 11 2021-02-17
Target Raised by Alliance Global Partners CAD 6 » CAD 7.5 2021-01-25
Target Set by Colliers Securities Buy CAD 6.5 2021-01-08
Target Set by Alliance Global Partners Buy CAD 6 2020-12-17
Target Raised by Canaccord Capital CAD 3.75 » CAD 4 2020-12-02

7. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Annual Financial (CAD)

8. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Quarterly Financial (CAD)

9. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
EGLX:CA:TSX (Enthusiast Gaming Holdings
Inc)
Internet Content & Information | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 18th May, 2022
Largest Industry Peers for Internet Content & Information
Symbol Company Name Price(Change) Market Cap
PTS:CA Points International Ltd +0.17 (+0.6%) CAD 0.46B
FORA:CA VerticalScope Holdings Inc -0.50 (-2.5%) CAD 0.41B
MDF:CA mdf commerce inc -0.02 (-0.7%) CAD 0.12B
BBTV:CA BBTV Holdings Inc -0.15 (-7.5%) CAD 0.04B
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%