Golden Matrix Group has a low performance score of 1 out of 100. The stock's beta is 1.63, indicating it carries higher risk compared to the market. This means that when the market rises, Golden Matrix might see bigger gains, but if the market falls, the stock could drop more sharply. Currently, the stock has a risk level of 4.88%. To understand its future movements, it's useful to look at the Treynor ratio and examine how kurtosis relates to the day median price. These metrics can help determine if Golden Matrix will continue its current trend.
Main Points
With the gaming industry showing strong potential, Golden Matrix Group, a player in the Electronic Gaming & Multimedia sector, could be an exciting addition to your portfolio this November. Despite a recent price change of -0.02, the stock's high price of 2.33 suggests resilience and an opportunity for savvy investors to capitalize on future growth.
The successful prediction of Golden Matrix
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Golden Matrix Group, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Golden Matrix based on Golden Matrix hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Golden Matrix's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Golden Matrix's related companies.
Use Technical Analysis to project Golden expected Price
Golden Matrix technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Golden Matrix technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Golden Matrix trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Golden Matrix Gross Profit
Golden Matrix Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Golden Matrix previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Golden Matrix Gross Profit growth over the last 10 years. Please check Golden Matrix's
gross profit and other
fundamental indicators for more details.
What is driving Golden Matrix Investor Appetite?
The company reported the previous year's revenue of 44.17
M. Net Loss for the year was (1.17
M) with profit before overhead, payroll, taxes, and interest of 9.16
M.
Current Deferred Revenue Breakdown
Golden Matrix's Current Deferred Revenue is increasing with stable movements from year to year. Current Deferred Revenue is predicted to flatten to about 248.6
K. Current Deferred Revenue usually refers to revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends. As of now, Golden Matrix's Current Deferred Revenue is increasing as compared to previous years.
| 2016 | 533,392 |
| 2017 | 532,601 |
| 2018 | 552,051 |
| 2019 | 149,640 |
| 2020 | 68,635 |
| 2021 | 291,772 |
| 2023 | 262,595 |
| 2024 | 248,550 |
In the words of Warren Buffett, "Be fearful when others are greedy and greedy when others are fearful." This November, investors might consider this wisdom when evaluating Golden Matrix Group (NASDAQ: GMGI). With a market capitalization of $277.32 million and a beta of 1.95, the stock exhibits significant volatility, suggesting potential for both risk and reward. Despite a challenging operating margin of 0%, the company maintains a robust working capital of $18.37 million, indicating a solid financial footing to weather short-term challenges. As insiders hold a substantial 85.16% of shares, their confidence could be a reassuring signal for those contemplating strengthening their position in this electronic gaming and multimedia player.
Golden Matrix has a good chance to finish above $2.28 in 2 months
Golden Matrix Group is showing signs of growth, with recent analysis suggesting a potential increase of 9.39%. This means the stock could realistically exceed $2.28 in the next two months. Investors might find this appealing, as the company's current path and market position seem favorable for reaching this target. As of October 3rd, Golden Matrix has a standard deviation of 4.92, a market risk-adjusted performance of -0.07, and a risk-adjusted performance of -0.01. Technical analysis of Golden Matrix allows investors to use historical prices and volume momentum to identify patterns that may predict the stock's future direction.As we look toward 2024, Golden Matrix Group stands at a critical juncture.
With a current valuation that suggests potential upside, the company's real value sits at 2.64 while the market seems to be valuing it slightly lower at 2.24. Analysts have a consensus of "Strong Buy," indicating confidence in its future performance. The stock's possible upside price of 7.27 reflects significant growth potential, especially if the company successfully capitalizes on its strategic initiatives. However, investors should remain cautious, considering the risks associated with such investments. In this make-or-break year, Golden Matrix Group could be a promising addition to a diversified portfolio for those willing to embrace both the risks and rewards of its journey..
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Golden Matrix Group. Please refer to our
Terms of Use for any information regarding our disclosure principles.
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to
[email protected]
