At the end of the latest market close, GigCapital2 Inc. (GIX) was valued at $10.24. In that particular session, Stock kicked-off at the price of $11.01 while reaching the peak value of $12.12 and lowest value recorded on the day was $10.72. The stock current value is $11.11.
Recently in News on November 30, 2020, SHAREHOLDER ALERT: WeissLaw LLP Investigates GigCapital2, Inc.. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GigCapital2, Inc. (“GIX” or the “Company”) (NYSE: GIX) in connection with the Company’s proposed merger with privately held digital healthcare provider UpHealth Holdings, Inc. (“UpHealth”) and privately held telemedicine provider Cloudbreak Health, LLC (“Cloudbreak”). GIX will combine with UpHealth and Cloudbreak via a reverse-merger to create a single digital healthcare company to be named UpHealth, Inc. and will be listed on the NYSE under the new ticker symbol “UPH.” The transaction values the combined company at a combined pro forma estimated enterprise value of approximately $1.35 billion. You can read further details here
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GigCapital2 Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $12.12 on 12/07/20, with the lowest value was $9.60 for the same time period, recorded on 03/19/20.
GigCapital2 Inc. (GIX) full year performance was 12.79%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, GigCapital2 Inc. shares are logging 4.81% during the 52-week period from high price, and 15.73% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.60 and $10.60.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 7612863 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the GigCapital2 Inc. (GIX) recorded performance in the market was 11.66%, having the revenues showcasing 9.46% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 244.20M.
Analysts verdict on GigCapital2 Inc. (GIX)
During the last month, 0 analysts gave the GigCapital2 Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.19, with a change in the price was noted +0.82. In a similar fashion, GigCapital2 Inc. posted a movement of +7.97% for the period of last 100 days, recording 327,172 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GIX is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
GigCapital2 Inc. (GIX): Technical Analysis
Raw Stochastic average of GigCapital2 Inc. in the period of last 50 days is set at 52.13%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 50.97%. In the last 20 days, the company’s Stochastic %K was 38.04% and its Stochastic %D was recorded 27.30%.
Let’s take a glance in the erstwhile performances of GigCapital2 Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 11.66%. Additionally, trading for the stock in the period of the last six months notably improved by 10.88%, alongside a boost of 12.79% for the period of the last 12 months. The shares increased approximately by 8.39% in the 7-day charts and went down by 10.22% in the period of the last 30 days. Common stock shares were driven by 9.46% during last recorded quarter.