Enthusiast (EGLX) & Bragg (BRAG): 2 cheaper TSX alternatives to Roblox

February 17, 2022 02:00 AM AEDT | By Kajal Jain

Enthusiast (EGLX) & Bragg (BRAG): 2 cheaper TSX alternatives to Roblox — Image source: © 2022 Kalkine Media®

Enthusiast Gaming Holdings Inc (TSX:EGLX)

The Toronto-based video game company released its preliminary results for Q4 FY2021 on February 8, according to which it expects its revenue to increase by 34 per cent year-over-year (YoY) to C$ 56.9 million.

The C$-623 million market cap company also said that it expects its paid subscribers to reach 220,000, which would be a YoY growth of 80 per cent.

Stocks of Enthusiast Gaming gained over 31 per cent in the past one week.

EGLX stock soared by almost 12 per cent to close at C$ 4.67 apiece on Tuesday. Currently, this video gaming stock is nearly 58 per cent down from its 52-week high of C$ 11.10 (April 21, 2021).

Enthusiast Gaming <a class='font-weight-bold' style='border-bottom: 2px dashed;' aria-label='https://kalkinemedia.com/ca/companies/tsx-eglx' href='https://kalkinemedia.com/ca/companies/tsx-eglx'>(TSX:EGLX)</a> preliminary results for Q4 FY2021

Data source: Enthusiast Gaming Holdings Inc (TSX:EGLX)

Bragg Gaming Group Inc (TSX:BRAG)

On Monday, February 14, Bragg Gaming Group said that its subsidiary, ORYX Gaming, has launched “iGaming content” in the Czech Republic in partnership with SYNOT Group to increase its business presence in central Europe.

Stocks of Bragg Gaming Group rocketed by over 55 per cent in the last one month.

The gaming technology stock closed at C$ 9.14 apiece on Tuesday.

Bottomline

Investors looking for cheaper alternatives to Roblox could explore TSX stocks like Enthusiast and Bragg, especially considering that the gaming industry could present growth opportunities in future amid growing demand for metaverse.

Also read: Time to pick TC (TSX:TRP) stock over ENB & SU as it hikes dividend?

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