The stock of Golden Matrix Group Inc (NASDAQ: GMGI) has increased by 15.71 when compared to last closing price of 4.20.Despite this, the company has seen a gain of 23.35% in its stock price over the last five trading days. 24/7 Wall Street reported 2023-03-27 that Peter Lynch, one of the most successful and well-known investors of all time, once said, “Insiders might sell their shares for any number of reasons, but they buy them for only one:they think the price will rise.
Is It Worth Investing in Golden Matrix Group Inc (NASDAQ: GMGI) Right Now?
Additionally, the 36-month beta value for GMGI is 2.32. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GMGI is 17.34M and currently, short sellers hold a 0.28% ratio of that float. The average trading volume of GMGI on May 07, 2024 was 64.70K shares.
GMGI’s Market Performance
GMGI stock saw an increase of 23.35% in the past week, with a monthly gain of 65.31% and a quarterly increase of 63.09%. The volatility ratio for the week is 14.17%, and the volatility levels for the last 30 days are 13.39% for Golden Matrix Group Inc (GMGI). The simple moving average for the past 20 days is 45.29% for GMGI’s stock, with a 79.27% simple moving average for the past 200 days.
GMGI Trading at 56.22% from the 50-Day Moving Average
After a stumble in the market that brought GMGI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 11.98% of gains for the given period.
Volatility was left at 13.39%, however, over the last 30 days, the volatility rate increased by 14.17%, as shares surge +71.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.87% upper at present.
During the last 5 trading sessions, GMGI rose by +23.35%, which changed the moving average for the period of 200-days by +125.00% in comparison to the 20-day moving average, which settled at $3.45. In addition, Golden Matrix Group Inc saw 101.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GMGI starting from Feng Weiting, who sale 15,727 shares at the price of $4.00 back on Apr 24 ’24. After this action, Feng Weiting now owns 2,837,688 shares of Golden Matrix Group Inc, valued at $62,908 using the latest closing price.
Stock Fundamentals for GMGI
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.2 for the gross margin
The net margin for Golden Matrix Group Inc stands at -0.06. The total capital return value is set at -0.06. Equity return is now at value -2.09, with -1.83 for asset returns.
Based on Golden Matrix Group Inc (GMGI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 12.0. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -182.84.
Currently, EBITDA for the company is 0.61 million with net debt to EBITDA at 12.27. When we switch over and look at the enterprise to sales, we see a ratio of 17.34. The receivables turnover for the company is 7.63for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.16.
Conclusion
In conclusion, Golden Matrix Group Inc (GMGI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
