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Golden Matrix Group ( (GMGI) ) has shared an update.
Golden Matrix Group announced the completion of its acquisition of MeridianBet Group, a significant move effective April 1, 2024, involving entities in Serbia, Montenegro, Malta, and Cyprus. The acquisition, finalized on April 9, 2024, included a structured payment plan to the sellers, which was later amended on August 21, 2025, to convert some cash considerations into company stock, reflecting strategic financial management and alignment with stakeholders.
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 operations and technology solutions.
Average Trading Volume: 222,790
Technical Sentiment Signal: Sell
Current Market Cap: $178.5M
For detailed information about GMGI stock, go to TipRanks’ Stock Analysis page.