Meridian (MRDN) Stock Price, News & Analysis

Company Overview

Meridian Holdings Inc., formerly known as Golden Matrix Group, Inc. (NASDAQ: GMGI), is an international gaming technology and online entertainment company. The company operates online sports betting, online casino and gaming businesses across more than 15 jurisdictions in Europe, Africa, Central America and South America. Its operations include the MeridianBet Group, which serves as the company’s primary operating platform, as well as B2B iGaming technology, online gaming content aggregation, pay-to-enter prize competitions in the United Kingdom and trade promotion businesses in Australia.

The company’s MeridianBet operations include retail and online sports betting, online casino games, virtual games, eSports betting and other gaming products. Meridian also provides enterprise software-as-a-service solutions for licensed online casino and sports betting operators through its GM-Ag platform, which aggregates third-party gaming content and provides tools for player acquisition, engagement, analytics and retention. In addition, the company operates RKingsCompetitions in the U.K. and Classics For a Cause in Australia.

Golden Matrix Group completed its acquisition of MeridianBet Group in April 2024. Following that acquisition, MeridianBet became the company’s primary operating platform and principal driver of revenue and strategic growth. To better align its corporate identity with the MeridianBet brand, Golden Matrix Group changed its name to Meridian Holdings Inc. effective March 3, 2026. On the same date, the company completed a 1-for-12 reverse stock split and began trading on the Nasdaq Capital Market under the ticker symbol MRDN. The company was incorporated in Nevada and is headquartered in Las Vegas, Nevada.

Key Stats

• Today's Range: $13.90 to $14.85
• 50-Day Range: $10.30 to $14.69
• 52-Week Range: $5.80 to $21.96
• Volume: 91,859 shs
• Average Volume: 68,066 shs
• Market Capitalization: $181.56 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $21.60
• Consensus Rating: Sell

Meridian Stock Analysis - MarketRank™

Meridian scored higher than 46% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Sell

Consensus Rating

Meridian has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no strong buy ratings, no buy ratings, no hold ratings, and 1 sell rating.

Upside Potential

Meridian has a consensus price target of $21.60, representing about 50.7% upside from its current price of $14.33.

Amount of Analyst Coverage

Meridian has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

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

Price to Earnings Ratio vs. the Market

The P/E ratio of Meridian is -1.97, 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

Meridian has a P/B Ratio of 3.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.52% of the float of Meridian has been sold short.

Short Interest Ratio / Days to Cover

Meridian has a short interest ratio ("days to cover") of 0.78, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meridian has recently decreased by 32.59%, indicating that investor sentiment is improving significantly.

Dividend

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

Dividend Yield

Meridian does not currently pay a dividend.

Dividend Growth

Meridian does not have a long track record of dividend growth.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.94

News Sentiment

Meridian has a news sentiment score of 0.94. 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 higher news sentiment than the 0.59 average news sentiment score of companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Meridian this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Meridian insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,107,441.00 in company stock.

Percentage Held by Insiders

24.00% of the stock of Meridian is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

2.74% of the stock of Meridian is held by institutions.

Company Calendar

• Last Earnings: 4/28/2026
• Today: 7/13/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: N/A
• Industry: SERVICES - PREPACKAGED SOFTWARE
• Sub-Industry: N/A
• Current Symbol: NASDAQ:MRDN
• Previous Symbol: NASDAQ:GMGI
• CIK: 1437925
• Web: www.meridian-holdings.com
• Phone: 702-318-7548
• Fax: N/A
• Employees: 1,200
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Meridian: $21.60
• High Price Target: $21.60
• Low Price Target: $21.60
• Potential Upside/Downside: +50.7%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): ($7.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 43.42
• P/E Growth: N/A
• Net Income: -$89.90 million
• Net Margins: -45.94%
• Pretax Margin: -49.27%
• Return on Equity: -99.65%
• Return on Assets: -53.79%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.57
• Quick Ratio: 0.48

Sales & Book Value

• Annual Sales: $182.86 million
• Price / Sales: 0.99
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.11 per share
• Price / Book: 3.49

Miscellaneous

• Outstanding Shares: 12,670,000
• Free Float: 9,628,000
• Market Cap: $181.56 million
• Optionable: N/A
• Beta: 0.63