GMGI - Golden Matrix Group, Inc. Stock Price, Fair Value and News

5.18USD-0.12 (-2.26%)Market Closed

Market Summary

USD5.18-0.12

Market Closed

-2.26%

GMGI Alerts

1 major insider sales recently.

GMGI Stock Price

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GMGI RSI Chart

GMGI Valuation

Market Cap

194.1M

Price/Earnings (Trailing)

-296.41

Price/Sales (Trailing)

4.29

EV/EBITDA

441.84

Price/Free Cashflow

107.76

GMGI Price/Sales (Trailing)

GMGI Profitability

Operating Margin

94.87%

EBT Margin

0.32%

Return on Equity

-2.04%

Return on Assets

-1.76%

Free Cashflow Yield

0.93%

GMGI Fundamentals

GMGI Revenue

Revenue (TTM)

45.2M

Rev. Growth (Yr)

9.89%

Rev. Growth (Qtr)

0.53%

GMGI Earnings

Earnings (TTM)

-654.7K

Earnings Growth (Yr)

116.8%

Earnings Growth (Qtr)

-90.33%

Breaking Down GMGI Revenue

Last 7 days

9.0%

Last 30 days

107.0%

Last 90 days

73.8%

Trailing 12 Months

125.5%

How does GMGI drawdown profile look like?

GMGI Financial Health

Current Ratio

5.16

GMGI Investor Care

Shares Dilution (1Y)

9.92%

Diluted EPS (TTM)

-0.02

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	45.2M	0	0	0
2023	37.9M	39.8M	42.0M	44.2M
2022	18.2M	24.1M	29.9M	36.0M
2021	3.6M	6.0M	8.8M	11.3M
2020	2.0M	1.6M	1.6M	2.2M
2019	2.2M	2.4M	2.4M	2.2M
2018	120.0K	435.1K	915.8K	1.5M
2017	70.0K	95.0K	120.0K	120.0K
2016	16.4K	0	20.0K	45.0K
2015	45.0K	0	9.2K	12.8K
2014	88.5K	102.5K	116.4K	80.7K
2013	37.0K	31.1K	60.7K	74.6K
2012	39.1K	48.5K	45.2K	52.9K
2011	0	0	64.1K	51.2K
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Golden Matrix Group, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	feng weiting	sold	-162,055	4.3603	-37,166	chief operating officer
May 06, 2024	feng weiting	sold	-37,565	4.0432	-9,291	chief operating officer
Apr 24, 2024	feng weiting	sold	-62,908	4.00	-15,727	chief operating officer
Jan 17, 2024	mcchesney thomas	acquired	-	-	25,000	-
Jan 17, 2024	smith murray george	acquired	-	-	25,000	-
Jan 17, 2024	goodman anthony brian	acquired	-	-	125,000	chief executive officer
Jan 17, 2024	feng weiting	acquired	-	-	62,500	chief operating officer
Jan 17, 2024	moyes philip	acquired	-	-	25,000	-
Dec 15, 2023	mcchesney thomas	gifted	-	-	-2,000	-
Jan 30, 2023	feng weiting	acquired	-	-	125,000	chief operating officer

Which funds bought or sold GMGI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	UBS Group AG	added	2,097	30,343	31,552	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	added	12.91	163,593	644,851	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	added	27.82	17,000	49,000	-%
May 10, 2024	GROUP ONE TRADING, L.P.	sold off	-100	-241	-	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	3.17	103	558	-%
May 10, 2024	OSAIC HOLDINGS, INC.	unchanged	-	1,411	8,966	-%
May 10, 2024	BlackRock Inc.	added	0.04	102,987	653,212	-%
May 10, 2024	VANGUARD GROUP INC	added	0.02	151,985	964,969	-%
May 10, 2024	JPMORGAN CHASE & CO	sold off	-100	-909	-	-%
May 09, 2024	Delos Wealth Advisors, LLC	reduced	-20.00	-6,100	114,400	0.13%

Are Funds Buying or Selling GMGI?

Are funds buying GMGI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GMGI

No. of Funds

GMGI Alerts

1 major insider sales recently.

Unveiling Golden Matrix Group, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 12, 2024	feng weiting	2.4%	2,853,415	SC 13D/A
Apr 12, 2024	goodman anthony brian	6.3%	-	SC 13D/A
Apr 11, 2024	milovanovic aleksandar	52.4%	-	SC 13D
Feb 03, 2023	goodman anthony brian	20.7%	-	SC 13D/A
Feb 03, 2023	feng weiting	7.7%	2,790,915	SC 13D/A
Dec 09, 2022	goodman anthony brian	21.0%	-	SC 13D/A
Dec 09, 2022	feng weiting	7.5%	2,665,915	SC 13D/A
Oct 04, 2022	goodman anthony brian	26.5%	-	SC 13D/A
Oct 04, 2022	feng weiting	9.1%	2,701,509	SC 13D/A
Oct 05, 2021	feng weiting	9.6%	2,701,509	SC 13D/A

Recent SEC filings of Golden Matrix Group, Inc.

View All Filings

Date Filed	Form Type	Document
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 10, 2024	8-K	Current Report
May 08, 2024	4	Insider Trading
May 07, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Golden Matrix Group, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ATVI	1.3T	8.7B	1746.00%	2249.92%	615.99	153.18	13.89%	15.25%
EA	33.8B	7.7B	-1.02%	0.88%	32.2	4.42	3.80%	-19.34%
TTWO	24.7B	5.4B	-2.23%	14.94%	-17.03	4.58	11.64%	-259.73%
RBLX	20.2B	2.9B	-19.29%	-21.32%	-17.54	6.87	25.69%	-11.79%
MID-CAP
SCPL	7.1B	-	14.66%	2815.86%	154.05	9.7	-	-
PLTK	3.2B	2.6B	28.76%	-15.08%	15.91	1.27	-1.26%	-26.18%
SMALL-CAP
MYPS	321.3M	308.6M	-8.81%	-47.46%	-18.48	1.04	2.87%	-457.89%
GMGI	194.1M	45.2M	107.03%	125.53%	-296.41	4.29	19.26%	19.48%
MSGM	7.1M	8.2M	-6.09%	-47.28%	-0.74	0.86	-5.99%	63.01%
MGAM	424.7K	5.0K	-85.71%	-96.23%	-0.06	85.6	-	-426.35%

Golden Matrix Group, Inc. News

Latest updates

Golden Matrix Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.5%	11,844	11,781	11,307	10,308	10,778	9,573	9,102	8,483	8,877	3,443	3,251	2,640	1,951	921	514	203	568	362	506	574	711
Cost Of Revenue	-	-	-	-	-	-	-	-	8,273	-	-	-	1,970	-	-	-	-	-	-	-	215	69.00
Gross Profit	4.5%	3,375	3,231	2,135	2,060	2,443	2,117	2,481	2,541	2,024	929	1,208	1,146	997	872	651	703	852	850	1,124	522	645
Costs and Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	105	111	144	87.00	83.00	105	-
Operating Expenses	51.4%	3,096	2,045	3,027	2,551	2,772	3,816	1,752	1,782	1,620	830	697	1,005	967	831	557	469	408	301	369	229	237
S&GA Expenses	2.1%	2,337	2,290	2,281	1,823	2,037	1,510	1,556	1,598	1,465	444	341	328	152	-	-	111	103	-	-	105	54.00
R&D Expenses	-	-	-	-	-	-	1.00	570*	1.00	20.00	60.00	68.00	21.00	29.00	19.00	-	-	-	-	-	-	-
EBITDA Margin	266.9%	0.01*	-0.01*	-0.07*	-0.04*	0.00*	0.02*	0.01*	0.02*	0.02*	0.04*	0.05*	0.07*	0.11*	-	-	-	-	-	-	-	-
Interest Expenses	-80.3%	600*	3.00	8.00	740*	998*	-220.50*	-	-	441*	115.50*	46*	40*	41*	42*	232*	1.00	9.00	9.00	6.00	2.00	202*
Income Taxes	-31.8%	262	384	81.00	72.00	146	93.00	79.00	172	75.00	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-70.8%	337	1,154	-884	-461	-297	-1,657	759	873	489	-	485	-	-	-	-	-	2,599	-	-	-	-
EBT Margin	128.9%	0.00*	-0.01*	-0.08*	-0.04*	-0.01*	0.01*	0.01*	0.02*	0.02*	0.04*	0.05*	0.07*	0.11*	-	-	-	-	-	-	-	-
Net Income	-90.3%	75.00	770	-965	-533	-443	-1,750	680	701	414	37.00	485	128	52.00	31.00	86.00	230	439	546	737	279	422
Net Income Margin	45.5%	-0.01*	-0.03*	-0.09*	-0.05*	-0.02*	0.00*	0.06*	0.07*	0.06*	0.06*	0.08*	0.05*	0.11*	-	-	-	-	-	-	-	-
Free Cashflow	-99.4%	7.00	1,148	321	325	400	110	51.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	4.3%	37.00	36.00	35.00	35.00	34.00	33.00	33.00	34.00	32.00	20.00	17.00	15.00	14.00	7.00	5.00	4.00	4.00	3.00	3.00	2.00	2.00
Current Assets	5.9%	24.00	23.00	22.00	22.00	21.00	19.00	20.00	20.00	19.00	20.00	17.00	15.00	14.00	7.00	5.00	4.00	4.00	3.00	3.00	2.00	2.00
Cash Equivalents	1.1%	17.00	17.00	16.00	16.00	15.00	15.00	16.00	16.00	15.00	17.00	14.00	12.00	12.00	5.00	3.00	2.00	2.00	2.00	2.00	1.00	1.00
Inventory	38.6%	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	-	-	-	-	-	-	-	-	-	-	-	-
Net PPE	-13.6%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill	0%	10.00	10.00	10.00	10.00	10.00	10.00	11.00	11.00	11.00	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	10.5%	5.00	4.00	4.00	4.00	4.00	3.00	4.00	5.00	5.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00
Current Liabilities	4.8%	5.00	4.00	4.00	4.00	4.00	3.00	4.00	4.00	4.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00	2.00
Shareholder's Equity	3.4%	32.00	31.00	31.00	31.00	31.00	30.00	30.00	29.00	28.00	19.00	16.00	14.00	13.00	6.00	3.00	3.00	2.00	2.00	1.00	1.00	-
Retained Earnings	0.3%	-25.77	-25.85	-26.62	-25.65	-25.12	-24.67	-22.86	-23.49	-24.08	-24.42	-24.46	-24.95	-25.07	-25.13	-25.16	-25.24	-25.47	-25.89	-26.44	-27.17	-27.45
Additional Paid-In Capital	1.4%	58.00	57.00	57.00	56.00	56.00	52.00	50.00	50.00	49.00	43.00	40.00	39.00	38.00	31.00	29.00	28.00	28.00	28.00	27.00	28.00	27.00
Shares Outstanding	1.3%	37.00	36.00	36.00	36.00	33.00	28.00	28.00	28.00	28.00	27.00	24.00	23.00	23.00	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	3.00	3.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	39.00	-	-	-	75.00	-	-	-	192	-	-	35.00	-	-	-	8.00	-	2.00

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-99.3%	8.00	1,148	322	335	402	111	55.00	764	1,841	-101	1,163	213	79.00	410	1,131	258	14.00	972	306	307	605
Share Based Compensation	307.2%	771	-372	932	806	818	2,222	147	152	138	-	-	-	598	463	-	-	-	121	-	-	-
Cashflow From Investing	-1473.6%	-1.51	110*	-9*	-35.14	-60.92	-906	-37.03	-66.70	-3,395	-	-58.00	-173	192*	-	-	-	-	-	-	-	-
Cashflow From Financing	-	-	-	-	-32.32	-	-	32.00	-200*	200*	3,027	1,020	4.00	6,617	1,694	-165	-174	-463	-398	-	-	-65.00
Buy Backs	-	-	-	-	-32.32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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GMGI Income Statement

2024-01-31

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
Revenues	$ 11,778,656	$ 10,591,036
Revenues-related party	65,226	186,643
Total revenues	11,843,882	10,777,679
Cost of goods sold	(8,468,622)	(8,334,645)
Gross profit	3,375,260	2,443,034
Costs and expenses:
General and administrative expense	2,336,792	2,037,295
General and administrative expense- related party	759,264	734,694
Total operating expenses	3,096,056	2,771,989
Gain (Loss) from operations	279,204	(328,955)
Other income (expense):
Interest expense	(600)	(998)
Interest earned	39,264	11,905
Foreign exchange gain	18,817	20,213
Total other income (expense)	57,481	31,120
Net income (loss) before tax	336,685	(297,835)
Provision for income taxes	262,180	145,686
Net income (loss)	$ 74,505	$ (443,521)
Weighted average ordinary shares outstanding:
Basic	36,276,139	33,311,667
Diluted	38,779,778	33,311,667
Net income (loss) per ordinary share attributable to GMGI:
Basic	$ 0.00	$ (0.01)
Diluted	$ 0.00	$ (0.01)
Net income (loss)	$ 74,505	$ (443,521)
Foreign currency translation adjustments	197,891	152,259
Comprehensive income (loss)	$ 272,396	$ (291,262)

GMGI Balance Sheet

2024-01-31

Consolidated Balance Sheets - USD ($)	Jan. 31, 2024	Oct. 31, 2023
Current assets:
Cash	$ 17,292,978	$ 17,100,280
Accounts receivable, net	4,031,349	3,551,383
Accounts receivable - related parties	296,472	331,246
Prepaid expenses	142,992	103,271
Short-term deposit	53,838	51,971
Inventory, prizes	2,376,836	1,714,525
Total current assets	24,194,465	22,852,676
Non-current assets:
Property, plant & equipment, net	40,139	46,447
Intangible assets, net	2,145,137	2,245,341
Operating lease right-of-use assets	335,702	56,643
Goodwill	10,381,710	10,381,710
Total non-current assets	12,902,688	12,730,141
Total assets	37,097,153	35,582,817
Current liabilities:
Accounts payable and accrued liabilities	2,865,859	2,847,653
Accounts payable - related parties	3,627	12,921
Accrued income tax liability	664,444	476,485
Deferred revenues	130,560	108,106
Deferred tax liability	19,748	18,819
Current portion of operating lease liability	81,086	59,089
Customer deposits	291,238	348,620
Accrued interest	123	123
Contingent liability	636,650	607,607
Total current liabilities	4,693,335	4,479,423
Non-current liabilities:
Non-current portion of operating lease liability	257,077	0
Total non-current liabilities	257,077	0
Total liabilities	4,950,412	4,479,423
Shareholders' equity:
Preferred stock, value	0	0
Common stock: $0.00001 par value; 250,000,000 shares authorized; 36,615,932 and 36,162,932 shares issued and outstanding, respectively	366	362
Additional paid-in capital	57,794,735	57,023,788
Accumulated other comprehensive income (loss)	124,732	(73,159)
Accumulated deficit	(25,773,092)	(25,847,597)
Total shareholders' equity of GMGI	32,146,741	31,103,394
Total liabilities and shareholders' equity	37,097,153	35,582,817
Series B Preferred Stock [Member]
Shareholders' equity:
Preferred stock, value	$ 0	$ 0

About Golden Matrix Group, Inc.

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 and Europe. 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. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.

CEO	Mr. Anthony Brian Goodman
WEBSITE	goldenmatrix.com
INDUSTRY	Electronic Gaming & Multimedia
EMPLOYEES	30

Golden Matrix Group, Inc. Frequently Asked Questions

What is the ticker symbol for Golden Matrix Group, Inc.? What does GMGI stand for in stocks?

GMGI is the stock ticker symbol of Golden Matrix Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Golden Matrix Group, Inc. (GMGI)?

As of Mon May 13 2024, market cap of Golden Matrix Group, Inc. is 194.06 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GMGI stock?

You can check GMGI's fair value in chart for subscribers.

What is the fair value of GMGI stock?

You can check GMGI's fair value in chart for subscribers. The fair value of Golden Matrix Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Golden Matrix Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GMGI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Golden Matrix Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether GMGI is over valued or under valued. Whether Golden Matrix Group, Inc. is cheap or expensive depends on the assumptions which impact Golden Matrix Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GMGI.

What is Golden Matrix Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, GMGI's PE ratio (Price to Earnings) is -296.41 and Price to Sales (PS) ratio is 4.29. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GMGI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Golden Matrix Group, Inc.'s stock?

In the past 10 years, Golden Matrix Group, Inc. has provided -0.675 (multiply by 100 for percentage) rate of return.