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Golden Matrix Group ( (GMGI) ) has shared an announcement.
Golden Matrix Group completed its acquisition of MeridianBet Group on April 1, 2024, which includes companies in Serbia, Montenegro, Malta, and Cyprus. On September 9, 2025, an amendment to the purchase agreement was made, converting $500,000 of the post-closing cash consideration into shares of Golden Matrix’s common stock, impacting the company’s financial obligations and shareholder structure.
The most recent analyst rating on (GMGI) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Golden Matrix Group stock, see the GMGI Stock Forecast page.
Spark’s Take on GMGI Stock
According to Spark, TipRanks’ AI Analyst, GMGI is a Neutral.
The overall score reflects Golden Matrix Group’s strong revenue growth and stable financial base, countered by profitability issues and weak technical indicators. The negative earnings and lack of dividend yield further impact the valuation score. Recent stock price declines post-earnings call suggest a cautious outlook.
To see Spark’s full report on GMGI stock, click here.
More about Golden Matrix Group
Golden Matrix Group operates in the gaming industry, focusing on providing gaming technology and services. The company is involved in the acquisition and management of gaming assets and operations across various regions.
Average Trading Volume: 269,355
Technical Sentiment Signal: Sell
Current Market Cap: $143.7M
See more insights into GMGI stock on TipRanks’ Stock Analysis page.