Promising Esports Stocks Worth Watching – July 15th

PENN Entertainment, Madison Square Garden, and GameSquare are the three Esports stocks to watch today, according to MarketBeat’s stock screener tool. Esports stocks are shares of publicly traded companies whose business models are centered on competitive video gaming—whether through team ownership, event production, game development, broadcasting platforms or related hardware and software. Investors buy and sell these equities to gain exposure to the fast-growing market of organized, spectator-driven video game competitions. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

PENN Entertainment (PENN)

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

Shares of NASDAQ:PENN traded down $0.31 on Tuesday, hitting $17.44. The company’s stock had a trading volume of 1,625,486 shares, compared to its average volume of 3,825,112. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $2.63 billion, a PE ratio of -28.13 and a beta of 1.61. The company has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $17.66. PENN Entertainment has a 1 year low of $13.25 and a 1 year high of $23.08.

Madison Square Garden (MSGS)

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.

MSGS traded down $2.67 on Tuesday, hitting $205.44. 51,790 shares of the company were exchanged, compared to its average volume of 124,315. The firm has a fifty day simple moving average of $196.54 and a two-hundred day simple moving average of $200.34. Madison Square Garden has a 12 month low of $173.26 and a 12 month high of $237.99. The stock has a market capitalization of $4.93 billion, a PE ratio of 980.05 and a beta of 0.79.

GameSquare (GAME)

GameSquare Holdings, Inc. operates as a vertically integrated digital media, entertainment, and technology company. Its platform to connect with gaming and youth culture audiences. The company’s end-to-end platform includes Code Red Esports Ltd., an esports talent agency; GCN, a digital media company focusing on the gaming and esports audience; Zoned, a gaming and lifestyle marketing agency; Complexity Gaming, a esports organization operating; Fourth Frame Studios, a creative production studio; and Mission Supply, a merchandise and consumer products business; Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform.

Shares of GAME stock traded down $0.07 during trading hours on Tuesday, reaching $1.59. The company’s stock had a trading volume of 6,579,632 shares, compared to its average volume of 1,586,524. The stock has a market capitalization of $61.91 million, a P/E ratio of -1.04 and a beta of 0.76. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The firm’s fifty day simple moving average is $0.87 and its 200 day simple moving average is $0.81. GameSquare has a one year low of $0.50 and a one year high of $2.87.