Section1: Company Overview

ESE Entertainment Inc (TSXV: ESE) is an entertainment and technology company focused on gaming, particularly on esports. ESE consists of multiple assets and operators in the gaming and esports industries. Its capabilities include but are not limited to, physical infrastructure, broadcasting, global distribution for gaming and esports-related content, advertising, sponsorship support, and a growing esport team franchise. This report covers the Investment Highlights, Risks, Technical Analysis and Recommendation on the stock.

1.1 The Key Positives, Negatives, Investment Highlights, and Risks

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~22.22% and ~69.23% over the last 1 month and 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 0.275 and 52-week low price of CAD 0.06, implying a cautious view.

3.2 One-Year Technical Price Chart

One-Year Technical Price Chart (as of May 29, 2024). Source: REFINITIV, Analysis: Kalkine Group

3.3 Technical Summary

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on May 29, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.