Moreover, the 36-month beta value for GMGI is 1.95. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GMGI is 13.57M and currently, short sellers hold a 7.25% of that float. On November 26, 2024, GMGI’s average trading volume was 70.79K shares.
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GMGI) stock’s latest price update
Golden Matrix Group Inc (NASDAQ: GMGI)’s stock price has dropped by -17.78 in relation to previous closing price of 2.70. Nevertheless, the company has seen a loss of -14.94% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-21 that Sliema, Malta–(Newsfile Corp. – November 21, 2024) – Meridianbet, a global sports betting and gaming brand, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), has advanced its strategic partnership with Euroleague basketball powerhouse Crvena Zvezda. To view the full announcement, including downloadable images, bios, and more, click here.
GMGI’s Market Performance
Golden Matrix Group Inc (GMGI) has seen a -14.94% fall in stock performance for the week, with a 0.00% decline in the past month and a -3.90% plunge in the past quarter. The volatility ratio for the week is 13.85%, and the volatility levels for the past 30 days are at 10.84% for GMGI. The simple moving average for the past 20 days is -15.43% for GMGI’s stock, with a -24.75% simple moving average for the past 200 days.
GMGI Trading at -8.96% 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 unable to rebound, for now settling with -64.59% of loss for the given period.
Volatility was left at 10.84%, however, over the last 30 days, the volatility rate increased by 13.85%, as shares sank -3.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.48% lower at present.
During the last 5 trading sessions, GMGI fell by -14.94%, which changed the moving average for the period of 200-days by -33.73% in comparison to the 20-day moving average, which settled at $2.63. In addition, Golden Matrix Group Inc saw -7.88% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GMGI starting from MCCHESNEY THOMAS, who sale 5,000 shares at the price of $2.74 back on Nov 22 ’24. After this action, MCCHESNEY THOMAS now owns 229,397 shares of Golden Matrix Group Inc, valued at $13,700 using the latest closing price.
MCCHESNEY THOMAS, the Director of Golden Matrix Group Inc, sale 5,000 shares at $2.71 during a trade that took place back on Nov 21 ’24, which means that MCCHESNEY THOMAS is holding 234,397 shares at $13,550 based on the most recent closing price.
Stock Fundamentals for GMGI
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.25 for the gross margin
The net margin for Golden Matrix Group Inc stands at 0.0. The total capital return value is set at 0.01. Equity return is now at value -3.99, with -2.01 for asset returns.
Based on Golden Matrix Group Inc (GMGI), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 17.9. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 20.95.
Currently, EBITDA for the company is 0.61 million with net debt to EBITDA at -24.29. When we switch over and look at the enterprise to sales, we see a ratio of 7.53. The receivables turnover for the company is 11.8for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
To wrap up, the performance of Golden Matrix Group Inc (GMGI) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
