Golden Matrix Group Inc's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 146/482 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 2.83.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Golden Matrix Group Inc's Score
Industry at a Glance
Industry Ranking
146 / 482
Overall Ranking
230 / 4582
Industry
Software & IT Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Buy
Current Rating
2.833
Target Price
+286.59%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Golden Matrix Group Inc Highlights
StrengthsRisks
Golden Matrix Group, Inc. is a business-to-business (B2B) and business-to-customer (B2C) gaming technology company operating across multiple international markets. The Company operates online sports betting, online casino, and gaming operations in approximately 15 jurisdictions across Europe, Africa and Central and South America. It is a provider of enterprise software-as-a-service (SaaS) solutions for online casino operators and online sports betting operators, commonly referred to as iGaming operators. The Company operates through three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The B2B division of the Company develops and licenses proprietary gaming platforms for its list of clients and RKingsCompetitions Ltd. (RKings). The B2C division operates an e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 319.36% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 151.12M.
Fairly Valued
The company’s latest PE is -19.16, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 3.82M shares, increasing 3.98% quarter-over-quarter.
Golden Matrix Group, Inc. is a business-to-business (B2B) and business-to-customer (B2C) gaming technology company operating across multiple international markets. The Company operates online sports betting, online casino, and gaming operations in approximately 15 jurisdictions across Europe, Africa and Central and South America. It is a provider of enterprise software-as-a-service (SaaS) solutions for online casino operators and online sports betting operators, commonly referred to as iGaming operators. The Company operates through three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The B2B division of the Company develops and licenses proprietary gaming platforms for its list of clients and RKingsCompetitions Ltd. (RKings). The B2C division operates an e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.
Ticker SymbolGMGI
CompanyGolden Matrix Group Inc
CEOMilosevic (Zoran)
Websitehttps://goldenmatrix.com/
FAQs
What is the current price of Golden Matrix Group Inc (GMGI)?
The current price of Golden Matrix Group Inc (GMGI) is 0.815.
What is the symbol of Golden Matrix Group Inc?
The ticker symbol of Golden Matrix Group Inc is GMGI.
What is the 52-week high of Golden Matrix Group Inc?
The 52-week high of Golden Matrix Group Inc is 2.600.
What is the 52-week low of Golden Matrix Group Inc?
The 52-week low of Golden Matrix Group Inc is 0.703.
What is the market capitalization of Golden Matrix Group Inc?
The market capitalization of Golden Matrix Group Inc is 114.64M.
What is the net income of Golden Matrix Group Inc?
The net income of Golden Matrix Group Inc is -1.48M.
Is Golden Matrix Group Inc (GMGI) currently rated as Buy, Hold, or Sell?
According to analysts, Golden Matrix Group Inc (GMGI) has an overall rating of Buy, with a price target of 2.833.
What is the Earnings Per Share (EPS TTM) of Golden Matrix Group Inc (GMGI)?
The Earnings Per Share (EPS TTM) of Golden Matrix Group Inc (GMGI) is -0.043.