Golden Matrix Group Stock Today
| GMGI Stock | USD 3.46 0.49 16.50% |
Performance8 of 100
| Odds Of DistressLess than 40
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Golden Matrix is trading at 3.46 as of the 18th of April 2024. This is a 16.50 percent up since the beginning of the trading day. The stock's open price was 2.97. Golden Matrix has about a 40 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Golden Matrix Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 30th of October 2009 | Category Communication Services |
Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada. Golden Matrix operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. The company has 118.88 M outstanding shares of which 53.8 K shares are currently shorted by private and institutional investors with about 1.47 trading days to cover. More on Golden Matrix Group
Moving against Golden Stock
| 0.49 | MSGM | Motorsport Gaming | PairCorr |
Golden Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Golden Matrix's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Golden Matrix or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Anthony Goodman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Movies & Entertainment, Electronic Gaming & Multimedia, Communication Services, NASDAQ Composite, Toys, Casinos, Video Games, Communication Services, Entertainment, Electronic Gaming & Multimedia, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Golden Matrix report their recommendations after researching Golden Matrix's financial statements, talking to executives and customers, or listening in on Golden Matrix's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Golden Matrix Group. The Golden consensus assessment is calculated by taking the average forecast from all of the analysts covering Golden Matrix. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Golden Matrix's financial statements, Golden Matrix Group is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Golden Matrix Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Golden Matrix's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Golden Matrix's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Golden Matrix's financial leverage. It provides some insight into what part of Golden Matrix's total assets is financed by creditors.
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Golden Matrix Group (GMGI) is traded on NASDAQ Exchange in USA. It is located in 3651 Lindell Road, Las Vegas, NV, United States, 89103 and employs 30 people. Golden Matrix is listed under Movies & Entertainment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 411.34 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Matrix's market, we take the total number of its shares issued and multiply it by Golden Matrix's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Golden Matrix Group conducts business under Entertainment sector and is part of Communication Services industry. The entity has 118.88 M outstanding shares of which 53.8 K shares are currently shorted by private and institutional investors with about 1.47 trading days to cover.
Golden Matrix Group currently holds about 15.87 M in cash with 2.77 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.56.
Check Golden Matrix Probability Of Bankruptcy
Ownership AllocationGolden Matrix secures a total of 118.88 Million outstanding shares. Golden Matrix retains majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 85.46 (percent) of Golden Matrix outstanding shares that are owned by insiders attests that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Golden Ownership Details
Golden Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Golden Matrix jumping above the current price in 90 days from now is roughly 2.1%. The Golden Matrix Group probability density function shows the probability of Golden Matrix stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Golden Matrix has a beta of 0.9414. This usually indicates Golden Matrix Group market returns are responsive to returns on the market. As the market goes up or down, Golden Matrix is expected to follow. Additionally, golden Matrix Group has an alpha of 0.6057, implying that it can generate a 0.61 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Golden Matrix to move above the current price in 90 days from now is roughly 2.1 (This Golden Matrix Group probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) .
Golden Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Golden Matrix that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Golden Matrix's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Golden Matrix's value.| Instituion | Recorded On | Shares | |
| Ground Swell Capital, Llc | 2023-12-31 | 11.7 K | |
| Tower Research Capital Llc | 2023-12-31 | 4 K | |
| Advisor Group Holdings, Inc. | 2023-12-31 | 3.1 K | |
| Steward Partners Investment Advisory, Llc | 2023-12-31 | 3 K | |
| Simplex Trading, Llc | 2023-12-31 | 1.6 K | |
| Ma Greenwood & Associates Inc | 2023-12-31 | 600 | |
| Ubs Group Ag | 2023-12-31 | 502 | |
| Jpmorgan Chase & Co | 2023-12-31 | 377 | |
| Royal Bank Of Canada | 2023-12-31 | 228 | |
| Vanguard Group Inc | 2023-12-31 | 337.3 K | |
| Blackrock Inc | 2023-12-31 | 228.3 K |
Golden Matrix Historical Income Statement
Golden Matrix Group Income Statement is one of the three primary financial statements used for reporting Golden's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Golden Matrix Group revenue and expense. Golden Matrix Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Golden Matrix's EBIT is increasing as compared to previous years. The Golden Matrix's current EBITDA is estimated to increase to about 735.5 K, while Interest Expense is projected to decrease to 7,857. View More FundamentalsGolden Stock Against Markets
Picking the right benchmark for Golden Matrix stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Golden Matrix stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Golden Matrix is critical whether you are bullish or bearish towards Golden Matrix Group at a given time. Please also check how Golden Matrix's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Golden Matrix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Golden Stock?
Before investing in Golden Matrix, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Golden Matrix. To buy Golden Matrix stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Golden Matrix. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Golden Matrix stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Golden Matrix Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Golden Matrix Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Golden Matrix Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Golden Stock please use our How to Invest in Golden Matrix guide.
Already Invested in Golden Matrix Group?
The danger of trading Golden Matrix Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Golden Matrix is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Golden Matrix. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Golden Matrix Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Golden Matrix Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Golden Matrix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Golden Matrix Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Golden Matrix Group Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Matrix Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Golden Matrix Group information on this page should be used as a complementary analysis to other Golden Matrix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Golden Stock analysis
When running Golden Matrix's price analysis, check to measure Golden Matrix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Golden Matrix is operating at the current time. Most of Golden Matrix's value examination focuses on studying past and present price action to predict the probability of Golden Matrix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Matrix's price. Additionally, you may evaluate how the addition of Golden Matrix to your portfolios can decrease your overall portfolio volatility.
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Is Golden Matrix's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Matrix. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Matrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1 | Earnings Share (0.02) | Revenue Per Share 1.251 | Quarterly Revenue Growth 0.099 | Return On Assets 0.0014 |
The market value of Golden Matrix Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Matrix's value that differs from its market value or its book value, called intrinsic value, which is Golden Matrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Matrix's market value can be influenced by many factors that don't directly affect Golden Matrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Matrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Matrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Matrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.