Undervalued eSports play breaking out!
Updated
- 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.
- 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.
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