Golden Matrix Group (GMGI) Stock Price, News & Analysis

Company Overview

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. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.

Key Stats

• Today's Range: $1.90 to $1.99
• 50-Day Range: $1.92 to $2.77
• 52-Week Range: $1.86 to $6.27
• Volume: 109,704 shs
• Average Volume: 123,932 shs
• Market Capitalization: $244.91 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Golden Matrix Group Stock Analysis - MarketRank™

Golden Matrix Group scored higher than 7% of companies evaluated by MarketBeat, and ranked 286th out of 294 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Golden Matrix Group.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Golden Matrix Group has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.79% of the float of Golden Matrix Group has been sold short.

Short Interest Ratio / Days to Cover

Golden Matrix Group has a short interest ratio ("days to cover") of 12.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Golden Matrix Group has recently increased by 6.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Golden Matrix Group does not currently pay a dividend.

Dividend Growth

Golden Matrix Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.79% of the float of Golden Matrix Group has been sold short.

Short Interest Ratio / Days to Cover

Golden Matrix Group has a short interest ratio ("days to cover") of 12.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Golden Matrix Group has recently increased by 6.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.68

News Sentiment

Golden Matrix Group has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Golden Matrix Group this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for GMGI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

7 people have added Golden Matrix Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Golden Matrix Group insiders have bought 642.03% more of their company's stock than they have sold. Specifically, they have bought $100,545.00 in company stock and sold $13,550.00 in company stock.

Percentage Held by Insiders

23.20% of the stock of Golden Matrix Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 2.74% of the stock of Golden Matrix Group is held by institutions.

GMGI Stock Analysis - Frequently Asked Questions

How have GMGI shares performed this year?

Golden Matrix Group's stock was trading at $1.98 on January 1st, 2025. Since then, GMGI stock has decreased by 3.5% and is now trading at $1.91.
View the best growth stocks for 2025 here.

How were Golden Matrix Group's earnings last quarter?

Golden Matrix Group, Inc. (NASDAQ:GMGI) announced its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.03) earnings per share for the quarter. The firm earned $40.99 million during the quarter. Golden Matrix Group had a negative trailing twelve-month return on equity of 3.93% and a negative net margin of 3.07%.

Who are Golden Matrix Group's major shareholders?

Golden Matrix Group's top institutional investors include Rhumbline Advisers (0.08%), Kera Capital Partners Inc. (0.02%) and SG Americas Securities LLC (0.01%). Insiders that own company stock include Aleksandar Milovanovic, Weiting Feng and Thomas Mcchesney.
View institutional ownership trends.

How do I buy shares of Golden Matrix Group?

Shares of GMGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Golden Matrix Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Golden Matrix Group investors own include Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 1/30/2025
• Next Earnings (Estimated): 2/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:GMGI
• CUSIP: N/A
• CIK: 1437925
• Web: www.goldenmatrix.com
• Phone: (702) 318-7548
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: -3.07%
• Pretax Margin: -0.53%
• Return on Equity: -3.93%
• Return on Assets: -2.11%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 0.82
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $44.17 million
• Price / Sales: 5.66
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.65 per share
• Price / Book: 1.18

Miscellaneous

• Outstanding Shares: 128,900,000
• Free Float: 98,998,000
• Market Cap: $250.07 million
• Optionable: Optionable
• Beta: 0.47