Golden Matrix Group (GMGI) to Release Earnings on Monday

Golden Matrix Group (NASDAQ:GMGI) is expected to be announcing its earnings results before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $44.70 million for the quarter.

Golden Matrix Group Stock Performance

Golden Matrix Group stock opened at $1.98 on Friday. The business has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group has a one year low of $1.70 and a one year high of $6.27.

Insider Transactions at Golden Matrix Group

In related news, insider Aleksandar Milovanovic purchased 50,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of $1.80 per share, with a total value of $90,000.00. Following the completion of the purchase, the insider now directly owns 77,834,303 shares of the company’s stock, valued at $140,101,745.40. This trade represents a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 372,514 shares of company stock valued at $719,453 in the last three months. 23.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on shares of Golden Matrix Group in a report on Friday, February 21st. They issued a “buy” rating and a $4.00 target price on the stock.

Golden Matrix Group Company Profile

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.