Golden Matrix Group (GMGI) Expected to Announce Earnings on Monday

Golden Matrix Group (NASDAQ:GMGI) is anticipated to post its quarterly earnings results before the market opens on Monday, March 24th. Analysts expect Golden Matrix Group to post earnings of ($0.03) per share and revenue of $44.70 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Golden Matrix Group Stock Performance

Shares of GMGI stock opened at $1.98 on Friday. Golden Matrix Group has a 1 year low of $1.70 and a 1 year high of $6.27. The firm has a fifty day moving average price of $2.01 and a 200-day moving average price of $2.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Analyst Upgrades and Downgrades

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

Insider Activity at Golden Matrix Group

In related news, insider Aleksandar Milovanovic purchased 50,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $2.17 per share, for a total transaction of $108,500.00. Following the purchase, the insider now directly owns 79,264,552 shares in the company, valued at $172,004,077.84. This trade represents a 0.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have bought 372,514 shares of company stock worth $719,453. 23.20% of the stock is owned by corporate insiders.

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.