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The latest announcement is out from Golden Matrix Group ( (GMGI) ).
Golden Matrix Group finalized the acquisition of MeridianBet Group, a collection of gaming companies, on April 1, 2024. The acquisition involved a significant conversion of cash consideration into common stock for one of the sellers, Milovanović, who received 8,000,000 shares. Additionally, the company extended the due date for remaining cash considerations owed to the sellers. In a related corporate governance update, the company held its 2025 Annual Meeting of Stockholders on November 6, 2025, where several proposals, including the election of directors and approval of executive compensation, were voted upon and approved. Furthermore, on November 10, 2025, Golden Matrix entered into agreements to convert debts owed to minority interest holders of its subsidiary, Meridian Gaming Ltd., into common stock.
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 is a company involved in the gaming industry, focusing on the acquisition and management of gaming and technology assets. The company operates and manages a range of gaming platforms and services, with a market focus on expanding its portfolio through strategic acquisitions.
Average Trading Volume: 275,717
Technical Sentiment Signal: Sell
Current Market Cap: $144.1M
Learn more about GMGI stock on TipRanks’ Stock Analysis page.