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: $1.33 to $1.42
• 50-Day Range: $1.37 to $2.15
• 52-Week Range: $1.33 to $6.27
• Volume: 200,724 shs
• Average Volume: 145,646 shs
• Market Capitalization: $189.57 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Buy

Golden Matrix Group Stock Analysis - MarketRank™

Golden Matrix Group scored higher than 69% of companies evaluated by MarketBeat, and ranked 117th out of 277 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: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Golden Matrix Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Golden Matrix Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 166.67%

Earnings Growth

Earnings for Golden Matrix Group are expected to grow by 166.67% in the coming year, from $0.03 to $0.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Golden Matrix Group is -27.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Golden Matrix Group is -27.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Golden Matrix Group has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

13.73% 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 9.4.

Change versus previous month

Short interest in Golden Matrix Group has recently decreased by 14.66%, indicating that investor sentiment is improving 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

13.73% 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 9.4.

Change versus previous month

Short interest in Golden Matrix Group has recently decreased by 14.66%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: N/A

News Sentiment

Golden Matrix Group has a news sentiment score of -0.28. 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 is a lower news sentiment than the 0.82 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Golden Matrix Group this week, compared to 2 articles on an average week.

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 6,048.93% more of their company's stock than they have sold. Specifically, they have bought $1,011,315.00 in company stock and sold $16,447.00 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 shares have decreased by 30.8% and is now trading at $1.37.
View the best growth stocks for 2025 here.

How were Golden Matrix Group's earnings last quarter?

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

Who are Golden Matrix Group's major shareholders?

Top institutional shareholders of Golden Matrix Group include Goldman Sachs Group Inc. (0.04%), Bank of New York Mellon Corp (0.02%), Nuveen LLC (0.02%) and Rhumbline Advisers (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: 5/24/2025
• Next Earnings (Estimated): 8/11/2025
• 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
• CIK: 1437925
• Web: www.goldenmatrix.com
• Phone: (702) 318-7548
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.00
• High Stock Price Target: $4.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +192.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.05)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 45.67
• 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: $151.12 million
• Price / Sales: 1.25
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.65 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 138,371,000
• Free Float: 98,998,000
• Market Cap: $189.57 million
• Optionable: Optionable
• Beta: 0.41