GigCapital7 (NASDAQ:GIG) Issues Earnings Results

GigCapital7 (NASDAQ:GIG) released its quarterly earnings results on Friday. The company reported ($0.01) EPS for the quarter, Zacks reports.

GigCapital7 Trading Up 0.2%

Shares of NASDAQ GIG traded up $0.02 during midday trading on Friday, reaching $10.52. The company had a trading volume of 132,116 shares, compared to its average volume of 450,608. GigCapital7 has a 1 year low of $9.94 and a 1 year high of $12.50. The business’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $10.46. The stock has a market cap of $350.66 million, a P/E ratio of 105.20 and a beta of 0.02.

Hedge Funds Weigh In On GigCapital7

An institutional investor recently bought a new position in GigCapital7 stock. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of GigCapital7 Corp. (NASDAQ:GIG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 507,699 shares of the company’s stock, valued at approximately $5,270,000. TENOR CAPITAL MANAGEMENT Co. L.P. owned about 1.52% of GigCapital7 as of its most recent filing with the SEC.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GigCapital7 in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, GigCapital7 currently has a consensus rating of “Sell”.

GigCapital7 Company Profile

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.