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

Golden Matrix Group, Inc. (NASDAQ:GMGI) – Equities researchers at Zacks Small Cap issued their FY2024 earnings estimates for shares of Golden Matrix Group in a research report issued on Monday, January 27th. Zacks Small Cap analyst M. Marin expects that the company will earn $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 Stock Performance

Shares of Golden Matrix Group stock opened at $1.94 on Thursday. The firm’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group has a 1 year low of $1.86 and a 1 year high of $6.27.

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

Insider Buying and Selling

In other news, insider Aleksandar Milovanovic bought 14,038 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of $2.69 per share, for a total transaction of $37,762.22. Following the transaction, the insider now owns 77,502,008 shares in the company, valued at approximately $208,480,401.52. This trade represents a 0.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 23.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Golden Matrix Group in the fourth quarter valued at approximately $28,000. XTX Topco Ltd acquired a new position in Golden Matrix Group in the second quarter worth approximately $30,000. Kera Capital Partners Inc. acquired a new position in Golden Matrix Group in the fourth quarter worth approximately $40,000. Rhumbline Advisers acquired a new position in Golden Matrix Group in the second quarter worth approximately $43,000. Finally, Virtu Financial LLC grew its position in Golden Matrix Group by 56.0% in the third 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 own 2.74% 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.