GigCapital7 (NASDAQ:GIG) Posts Quarterly Earnings Results

GigCapital7 (NASDAQ:GIG - Get Free Report) released its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.GigCapital7 Price PerformanceNASDAQ GIG traded up $0.02 during trading on Friday, reaching $10.52. 132,116 shares of the company's stock traded hands, compared to its average volume of 450,608. GigCapital7 has a 12-month low of $9.94 and a 12-month high of $12.50. The firm has a market cap of $350.66 million, a price-to-earnings ratio of 105.20 and a beta of 0.02. The company's 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $10.46. Hedge Funds Weigh In On GigCapital7A hedge fund recently bought a new stake in GigCapital7 stock. Radcliffe Capital Management L.P. bought a new position in shares of GigCapital7 Corp. (NASDAQ:GIG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,684 shares of the company's stock, valued at approximately $163,000. Wall Street Analyst Weigh InSeparately, Weiss Ratings reissued a "sell (d)" rating on shares of GigCapital7 in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".Get Our Latest Research Report on GigCapital7About GigCapital7 (Get Free Report)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.Featured StoriesFive stocks we like better than GigCapital7Are Penny Stocks a Good Fit for Your Portfolio?3 Under-the-Radar AI Stocks to Buy on the DipWhat Does Downgrade Mean in Investing?Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football FeverInvesting in the High PE Growth Stocks MarketBeat Week in Review – 11/10 - 11/14This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in GigCapital7 Right Now?Before you consider GigCapital7, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GigCapital7 wasn't on the list.While GigCapital7 currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here