GigCapital2 Inc. (NYSE:GIX) went up by 3.79% from its latest closing price compared to the recent 1-year high of $12.12. The company’s stock price has collected 8.18% of gains in the last five trading sessions. Press Release reported on 01/07/21 that SHAREHOLDER ALERT: WeissLaw LLP Reminds NPA, GIX, THBR, and STPK Shareholders About Its Ongoing Investigations
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Is It Worth Investing in GigCapital2 Inc. (NYSE :GIX) Right Now?
Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for GigCapital2 Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
GIX currently public float of 0.76M and currently shorts hold a 10.86% ratio of that float. Today, the average trading volume of GIX was 992.56K shares.
GIX’s Market Performance
GIX stocks went up by 8.18% for the week, with a monthly jump of 8.29% and a quarterly performance of 13.30%, while its annual performance rate touched 16.65%. The volatility ratio for the week stands at 4.28% while the volatility levels for the past 30 days are set at 3.48% for GigCapital2 Inc.. The simple moving average for the period of the last 20 days is 7.18% for GIX stocks with a simple moving average of 12.94% for the last 200 days.
GIX Trading at 10.39% from the 50-Day Moving Average
After a stumble in the market that brought GIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.12% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares surge +10.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.31% upper at present.
During the last 5 trading sessions, GIX rose by +8.18%, which changed the moving average for the period of 200-days by +19.17% in comparison to the 20-day moving average, which settled at $10.79. In addition, GigCapital2 Inc. saw 5.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GIX starting from GLAZER CAPITAL, LLC, who sale 50,000 shares at the price of $10.50 back on Dec 10. After this action, GLAZER CAPITAL, LLC now owns 2,196,713 shares of GigCapital2 Inc., valued at $525,000 using the latest closing price.
GLAZER CAPITAL, LLC, the 10% Owner of GigCapital2 Inc., sale 50,000 shares at $10.58 during a trade that took place back on Dec 09, which means that GLAZER CAPITAL, LLC is holding 2,246,713 shares at $529,000 based on the most recent closing price.
Stock Fundamentals for GIX
Equity return is now at value -0.90, with -0.90 for asset returns.
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The liquidity ratio also appears to be rather interesting for investors as it stands at 5.12.
