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: $1.52 to $1.58
• 50-Day Range: $1.48 to $1.92
• 52-Week Range: $1.33 to $3.06
• Volume: 19,980 shs
• Average Volume: 175,404 shs
• Market Capitalization: $212.74 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 67% of companies evaluated by MarketBeat, and ranked 247th out of 560 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: 1.9 / 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 -30.76, 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 -30.76, 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 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.03% 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 6.4.

Change versus previous month

Short interest in Golden Matrix Group has recently decreased by 3.23%, indicating that investor sentiment is improving.

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

10.03% 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 6.4.

Change versus previous month

Short interest in Golden Matrix Group has recently decreased by 3.23%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.55

News Sentiment

Golden Matrix Group has a news sentiment score of 0.55. 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 3 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.

Company Ownership

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

Insider Buying vs. Insider Selling

In the past three months, Golden Matrix Group insiders have sold 112.09% more of their company's stock than they have bought. Specifically, they have bought $207,600.00 in company stock and sold $440,300.00 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 22.5% and is now trading at $1.5350.

How were Golden Matrix Group's earnings last quarter?

Golden Matrix Group, Inc. (NASDAQ:GMGI) posted its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $40.99 million for the quarter. Golden Matrix Group had a negative net margin of 3.37% and a negative trailing twelve-month return on equity of 4.15%.
Read the conference call transcript.

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: 8/05/2025
• Next Earnings (Estimated): 8/07/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: GAMING
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:GMGI
• CIK: 1437925
• Web: www.goldenmatrix.com
• Phone: (702) 318-7548
• Fax: N/A
• Employees: 1,200
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Golden Matrix Group: $4.00
• High Price Target: $4.00
• Low Price Target: $4.00
• Potential Upside/Downside: +159.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.05)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 51.33
• P/E Growth: N/A
• Net Income: -$1.48 million
• Net Margins: -3.37%
• Pretax Margin: -2.14%
• Return on Equity: -4.15%
• Return on Assets: -2.05%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 0.74
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $151.12 million
• Price / Sales: 1.41
• Cash Flow: $0.09 per share
• Price / Cash Flow: 17.29
• Book Value: $0.85 per share
• Price / Book: 1.81

Miscellaneous

• Outstanding Shares: 138,590,000
• Free Float: 106,439,000
• Market Cap: $213.43 million
• Optionable: Optionable
• Beta: 0.34