On November 22, 2024, Thomas Mcchesney, a Director at Golden Matrix Group Inc (GMGI, Financial), sold 10,000 shares of the company. Following this transaction, the insider now owns 229,397 shares of the company. The details of this transaction can be found in the SEC Filing. Golden Matrix Group Inc is a company that specializes in providing online gaming technology. The company develops and licenses social gaming platforms, systems, and gaming content. It serves a global market, offering its solutions to gaming operators and other clients. The insider transaction history for Golden Matrix Group Inc shows a balanced activity over the past year, with 4 insider buys and 4 insider sells. This recent sale by Thomas Mcchesney is part of the overall insider trading activity observed in the company. On the day of the transaction, shares of Golden Matrix Group Inc were trading at $2.73 each, giving the stock a market cap of $348.039 million. The company's price-earnings ratio stands at 900.00, which is significantly higher than the industry median of 19.54 and the company's historical median price-earnings ratio. With a trading price of $2.73 and a GF Value of $3.23, Golden Matrix Group Inc has a price-to-GF-Value ratio of 0.85, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
