GigCapital4 (NYSEMKT:GIG) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

GigCapital4, Inc. (NYSEMKT:GIGGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.51 and traded as low as $10.3750. GigCapital4 shares last traded at $10.55, with a volume of 0 shares changing hands.

GigCapital4 Trading Up 1.7%

The firm has a market cap of $351.66 million, a P/E ratio of 117.22 and a beta of 0.05. The business’s 50-day moving average is $10.51 and its two-hundred day moving average is $10.52.

GigCapital4 Company Profile

(Get Free Report)

GigCapital4, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NYSE MKT under the ticker GIG. Sponsored by GigCapital Global, the company was formed in 2021 to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination with one or more businesses. Since its initial public offering, GigCapital4 has been fully funded and is actively seeking suitable targets to bring public-market liquidity to high-growth private companies.

The company’s investment strategy focuses on sectors demonstrating strong growth potential, including enterprise software, digital infrastructure, fintech, artificial intelligence and cybersecurity.

Featured Articles

Receive News & Ratings for GigCapital4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GigCapital4 and related companies with MarketBeat.com's FREE daily email newsletter.