tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Global Mofy AI Limited Appoints New Accounting Firm Amid Internal Control Improvements

Story Highlights
  • Global Mofy AI Limited terminated YCM CPA INC. as its accounting firm on October 20, 2025.
  • Golden Ocean FAC PAC was appointed as the new accounting firm to improve internal controls.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Global Mofy AI Limited Appoints New Accounting Firm Amid Internal Control Improvements

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Global Mofy Metaverse Ltd. ( (GMM) ) just unveiled an announcement.

On October 20, 2025, Global Mofy AI Limited announced the termination of YCM CPA INC. as its independent registered public accounting firm, citing no disagreements over accounting principles or practices. The decision was approved by the company’s Board of Directors, and the reports from YCM CPA INC. for the fiscal year ending September 30, 2024, were unqualified. Subsequently, on October 24, 2025, the company appointed Golden Ocean FAC PAC as its new independent registered public accounting firm, effective October 20, 2025, to audit its financial statements. This change aims to address the material weaknesses in the company’s internal control over financial reporting, including the need for more comprehensive accounting policies and better IT controls.

The most recent analyst rating on (GMM) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Global Mofy Metaverse Ltd. stock, see the GMM Stock Forecast page.

Spark’s Take on GMM Stock

According to Spark, TipRanks’ AI Analyst, GMM is a Neutral.

Global Mofy Metaverse Ltd. has a strong financial performance with impressive revenue growth and profitability. However, technical indicators suggest bearish momentum, and cash flow management needs improvement. The stock appears undervalued based on its low P/E ratio, but the lack of a dividend yield may deter some investors.

To see Spark’s full report on GMM stock, click here.

More about Global Mofy Metaverse Ltd.

Global Mofy AI Limited operates in the technology sector, focusing on artificial intelligence and metaverse solutions. The company is based in Beijing, China, and is involved in developing innovative AI-driven products and services.

Average Trading Volume: 232,902

Technical Sentiment Signal: Sell

Current Market Cap: $56.39M

See more insights into GMM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1