What is Zacks Small Cap’s Estimate for GMGI FY2024 Earnings?

Golden Matrix Group, Inc. (NASDAQ:GMGI) – Analysts at Zacks Small Cap issued their FY2024 EPS estimates for Golden Matrix Group in a research note issued to investors on Monday, January 27th. Zacks Small Cap analyst M. Marin anticipates that the company will post earnings of $0.03 per share for the year. Zacks Small Cap also issued estimates for Golden Matrix Group’s Q4 2024 earnings at $0.01 EPS and FY2025 earnings at $0.08 EPS.

Golden Matrix Group (NASDAQ:GMGI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $40.99 million for the quarter. Golden Matrix Group had a negative return on equity of 3.93% and a negative net margin of 3.07%.

Golden Matrix Group Stock Down 2.1 %

NASDAQ GMGI opened at $1.90 on Thursday. The business has a fifty day moving average price of $2.12 and a 200 day moving average price of $2.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. Golden Matrix Group has a one year low of $1.86 and a one year high of $6.27.

Hedge Funds Weigh In On Golden Matrix Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Golden Matrix Group during the 2nd quarter worth $30,000. SG Americas Securities LLC purchased a new position in Golden Matrix Group during the fourth quarter worth about $28,000. Rhumbline Advisers acquired a new position in Golden Matrix Group in the 2nd quarter valued at about $43,000. Kera Capital Partners Inc. purchased a new stake in shares of Golden Matrix Group in the 4th quarter valued at approximately $40,000. Finally, Virtu Financial LLC increased its holdings in shares of Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after buying an additional 8,408 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

Insider Transactions at Golden Matrix Group

In related news, insider Aleksandar Milovanovic purchased 14,038 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of $2.69 per share, for a total transaction of $37,762.22. Following the completion of the transaction, the insider now directly owns 77,502,008 shares of the company’s stock, valued at approximately $208,480,401.52. This trade represents a 0.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 23.20% of the company’s stock.

About Golden Matrix Group

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.