Golden Matrix Group (GMGI) Expected to Announce Quarterly Earnings on Monday

Golden Matrix Group (NASDAQ:GMGI) is anticipated to issue its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $44.70 million for the quarter.

Golden Matrix Group Stock Performance

GMGI stock opened at $1.98 on Friday. The stock has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $2.20. Golden Matrix Group has a 1 year low of $1.70 and a 1 year high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

Separately, Maxim Group initiated coverage on Golden Matrix Group in a research report on Friday, February 21st. They issued a “buy” rating and a $4.00 target price on the stock.

Insider Buying and Selling at Golden Matrix Group

In related news, insider Aleksandar Milovanovic acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $1.85 per share, for a total transaction of $37,000.00. Following the purchase, the insider now directly owns 77,934,616 shares in the company, valued at approximately $144,179,039.60. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have acquired 372,514 shares of company stock worth $719,453. 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.