GigCapital2 (GIX) Stock Price, News & Analysis

Company Overview

GigCapital2, Inc. was a special purpose acquisition company (SPAC) formed to identify and combine with a business in the technology, media and telecommunications sectors. Unlike an operating company, GigCapital2 did not develop or sell its own products or services before completing a business combination. Its activities centered on raising capital through an initial public offering, evaluating potential acquisition targets and negotiating a merger.

GigCapital2 completed its business combination with UpHealth Holdings, Inc. and Cloudbreak Health, LLC in 2021. Following the transaction, the combined company operated as UpHealth, Inc., a digital health and healthcare technology company focused on virtual care, behavioral health and related technology-enabled services. GigCapital2’s public-market role effectively transitioned to that operating business after the merger.

The company was affiliated with GigCapital Global, a venture capital and SPAC sponsor led by Avi Katz, who served in a leadership role at GigCapital2. As a former SPAC, GigCapital2 is primarily of historical interest rather than an independent operating enterprise.

Key Stats

• Today's Range: $10.01 to $10.01
• 50-Day Range: $9.94 to $10.04
• 52-Week Range: $9.80 to $10.04
• Volume: 569 shs
• Average Volume: 106,198 shs
• Market Capitalization: $198.32 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Sell

GigCapital2 Stock Analysis - MarketRank™

GigCapital2 scored higher than 8% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.7 / 5
• Analyst Rating: Sell

Consensus Rating

GigCapital2 has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no strong buy ratings, no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

GigCapital2 has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

GigCapital2 has a P/B Ratio of 45.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.03% of the float of GigCapital2 has been sold short.

Short Interest Ratio / Days to Cover

GigCapital2 has a short interest ratio ("days to cover") of 0.49, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in GigCapital2 has recently increased by 111.12%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

GigCapital2 does not currently pay a dividend.

Dividend Growth

GigCapital2 does not have a long track record of dividend growth.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.60

News Sentiment

GigCapital2 has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for GigCapital2 this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.2 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, GigCapital2 insiders have not sold or bought any company stock.

Percentage Held by Insiders

20.77% of the stock of GigCapital2 is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

43.42% of the stock of GigCapital2 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: N/A
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: NASDAQ:GIX
• CIK: 2098712
• Web: www.gigcapital9.com
• Phone: (650) 276-7040
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$4.13 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -102.97%
• Return on Assets: -3.08%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.05
• Quick Ratio: 0.05

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.22 per share
• Price / Book: 45.50

Miscellaneous

• Outstanding Shares: 19,812,000
• Free Float: N/A
• Market Cap: $198.32 million
• Optionable: Not Optionable
• Beta: 0.08