Golden Matrix Group (NASDAQ:GMGI - Get Free Report) is expected to announce its Q4 2024 earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $44.70 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Golden Matrix Group Price Performance
Shares of NASDAQ:GMGI traded down $0.03 during midday trading on Tuesday, reaching $2.02. The company had a trading volume of 60,131 shares, compared to its average volume of 143,242. The business's 50 day moving average price is $2.01 and its 200 day moving average price is $2.20. Golden Matrix Group has a 1-year low of $1.70 and a 1-year high of $6.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.
Insider Activity
In other Golden Matrix Group news, insider Aleksandar Milovanovic bought 20,000 shares of Golden Matrix Group stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $1.85 per share, for a total transaction of $37,000.00. Following the purchase, the insider now owns 77,934,616 shares of the company's stock, valued at $144,179,039.60. The trade was a 0.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 372,514 shares of company stock valued at $719,453 in the last quarter. Company insiders own 23.20% of the company's stock.
Analysts Set New Price Targets
Separately, Maxim Group assumed coverage on Golden Matrix Group in a research note on Friday, February 21st. They set a "buy" rating and a $4.00 price objective on the stock.
Get Our Latest Research Report on GMGI
Golden Matrix Group Company Profile
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Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.
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