Can Gores Guggenheim Inc. (GGPI) Remain Competitive? – News Heater
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Can Gores Guggenheim Inc. (GGPI) Remain Competitive?

Gores Guggenheim Inc. (NASDAQ:GGPI) went up by 8.13% from its latest closing price compared to the recent 1-year high of $16.41. The company’s stock price has collected 1.00% of gains in the last five trading sessions. The Wall Street Journal reported 1 hour ago that Polestar Says It Expects to Complete SPAC Merger

Is It Worth Investing in Gores Guggenheim Inc. (NASDAQ :GGPI) Right Now?

GGPI currently public float of 80.00M and currently shorts hold a 10.09% ratio of that float. Today, the average trading volume of GGPI was 3.14M shares.

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GGPI’s Market Performance

GGPI stocks went up by 1.00% for the week, with a monthly drop of -1.18% and a quarterly performance of -9.75%, while its annual performance rate touched 2.96%. The volatility ratio for the week stands at 6.15% while the volatility levels for the past 30 days are set at 2.45% for Gores Guggenheim Inc. The simple moving average for the period of the last 20 days is 8.67% for GGPI stocks with a simple moving average of -0.99% for the last 200 days.

GGPI Trading at 2.54% from the 50-Day Moving Average

After a stumble in the market that brought GGPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.52% of loss for the given period.

Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 6.15%, as shares surge +11.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.12% lower at present.

During the last 5 trading sessions, GGPI rose by +13.68%, which changed the moving average for the period of 200-days by +14.49% in comparison to the 20-day moving average, which settled at $10.10. In addition, Gores Guggenheim Inc. saw -13.76% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for GGPI

Equity return is now at value -9.30, with -8.20 for asset returns.

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