How have the shares performed?
GigaMedia Limited (GIGM) saw an uptrend of 10.66% in the recent trading with $3.01 being its most recent. The current price level -45.86% lower than the highest price of $5.56 marked by the stock while trading over the past 52-weeks, whereas it is 18.97% higher than the lowest price of $2.53 the company dropped to over past 52-weeks. The latest news story on GIGM appeared in PR Newswire under the title “GigaMedia Announces First-Quarter 2021 Financial Results” on May-03-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -4.14% below one month high and is +18.97% above of the lowest during that time. Looking into the simple moving average, GigaMedia Limited (GIGM)’s stock stands at a SMA-50 of $3.15 while that of 5-day is reading $2.79.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and GIGM’s SMA-200 as of now is $3.08.
GigaMedia Limited Earnings – What Happened With GIGM
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.42 billion.
GIGM – GigaMedia Limited Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 11.05 million. GIGM does have institutional investors; and they hold 6.20% of the stock.
GigaMedia Limited – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, GIGM declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Morgan Stanley was the top most holder in GigaMedia Limited (NASDAQ:GIGM) with an ownership of 0.32 million shares of the company or 2.85% of the stake worth $1.07 million. The filing also reveals Virtu Financial LLC as the second largest holder in the company with a control over 0.85% of the outstanding shares. Its stake is worth $0.32 million for having 93468.0 shares in hand.
Acadian Asset Management. LLC also came holding a key position in the company during the recent quarter and it now holds 0.45% of the outstanding shares. With this there are now 15 institutions which have possession in GIGM’s shares.
Technical Analysis of GigaMedia Limited (NASDAQ:GIGM) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for GigaMedia Limited (GIGM), we notice that the stock’s 20-day average volume is at 87,330 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 734,928 shares. And to end, GIGM’s 100-day average volume is 500,359 shares with 50% of the long-term indicators pointing towards Sell for the stock.