Golden Matrix Group Inc (NASDAQ:GMGI) has a beta value of 1.94 and has seen 0.12 million shares traded in the last trading session. The company, currently valued at $315.15M, closed the last trade at $2.59 per share which meant it lost -$0.04 on the day or -1.52% during that session. The GMGI stock price is -142.08% off its 52-week high price of $6.27 and 22.39% above the 52-week low of $2.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 85230.0 shares traded. The 3-month trading volume is 185.69K shares.
The consensus among analysts is that Golden Matrix Group Inc (GMGI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Golden Matrix Group Inc (NASDAQ:GMGI) trade information
Sporting -1.52% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GMGI stock price touched $2.59 or saw a rise of 5.47%. Year-to-date, Golden Matrix Group Inc shares have moved 7.47%, while the 5-day performance has seen it change 0.39%. Over the past 30 days, the shares of Golden Matrix Group Inc (NASDAQ:GMGI) have changed 24.22%. Short interest in the company has seen 1.03 million shares shorted with days to cover at 9.15.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 13.67% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -15.83% off the targeted high while a plunge would see the stock gain -15.83% from current levels.
Golden Matrix Group Inc (GMGI) estimates and forecasts
The company’s shares have lost -4.07% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 172.70%.
GMGI Dividends
Golden Matrix Group Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Golden Matrix Group Inc (NASDAQ:GMGI)’s Major holders
Insiders own 84.34% of the company shares, while shares held by institutions stand at 2.49% with a share float percentage of 15.93%. Investors are also buoyed by the number of investors in a company, with Golden Matrix Group Inc having a total of 53.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 1.13 million shares worth more than $2.78 million. As of 2024-06-30, BLACKROCK INC. held 3.1172% of shares outstanding.
The other major institutional holder is GEODE CAPITAL MANAGEMENT, LLC, with the holding of over 0.51 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.27 million and represent 1.4196% of shares outstanding.
