During the last session, Golden Matrix Group Inc (NASDAQ:GMGI)’s traded shares were 0.35 million, with the beta value of the company hitting 1.91. At the end of the trading day, the stock’s price was $1.84, reflecting an intraday loss of -0.54% or -$0.01. The 52-week high for the GMGI share is $6.27, that puts it down -240.76 from that peak though still a striking 7.61% gain since the share price plummeted to a 52-week low of $1.70. The company’s market capitalization is $237.18M, and the average intraday trading volume over the past 10 days was 0.22 million shares, and the average trade volume was 143.02K shares over the past three months.
Golden Matrix Group Inc (GMGI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. GMGI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Golden Matrix Group Inc (NASDAQ:GMGI) trade information
The stock plummet -0.54% in intraday trading to $1.84, hitting a weekly high. The stock’s 5-day price performance is 0.00%, and it has moved by -15.98% in 30 days. Based on these gigs, the overall price performance for the year is -39.67%. The short interest in Golden Matrix Group Inc (NASDAQ:GMGI) is 1.52 million shares and it means that shorts have 11.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 38.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, GMGI is trading at a discount of -63.04% off the target high and -63.04% off the low.
GMGI Dividends
Golden Matrix Group Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Golden Matrix Group Inc (NASDAQ:GMGI)’s Major holders
Golden Matrix Group Inc insiders own 85.27% of total outstanding shares while institutional holders control 2.69%, with the float percentage being 18.25%. BLACKROCK INC. is the largest shareholder of the company, while 62.0 institutions own stock in it. As of 2024-06-30, the company held over 1.13 million shares (or 3.1172% of all shares), a total value of $2.78 million in shares.
The next largest institutional holding, with 0.51 million shares, is of GEODE CAPITAL MANAGEMENT, LLC’s that is approximately 1.4196% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.27 million.
Also, the Mutual Funds coming in first place with the largest holdings of Golden Matrix Group Inc (GMGI) shares are iShares Russell 2000 ETF and Vanguard Extended Market Index Fund . Data provided on Nov 30, 2024 indicates that iShares Russell 2000 ETF owns about 457.71 shares. This amounts to just over 1.63 percent of the company’s overall shares, with a $0.84 million market value. The same data shows that the other fund manager holds slightly less at 337.2, or about 1.20% of the stock, which is worth about $0.62 million.
