Gores Holdings X, Inc. / CI (NASDAQ:GTEN) Announces Earnings Results

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) posted its quarterly earnings data on Monday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports.

Gores Holdings X, Inc. / CI Stock Performance

Shares of NASDAQ:GTEN remained flat at $10.44 during trading on Wednesday. The stock had a trading volume of 110 shares, compared to its average volume of 66,634. Gores Holdings X, Inc. / CI has a 52-week low of $10.21 and a 52-week high of $10.99. The stock has a fifty day simple moving average of $10.47 and a 200-day simple moving average of $10.41. The stock has a market cap of $470.64 million, a price-to-earnings ratio of 74.57 and a beta of 0.14.

Institutional Trading of Gores Holdings X, Inc. / CI

Several institutional investors have recently bought and sold shares of GTEN. Alberta Investment Management Corp acquired a new position in shares of Gores Holdings X, Inc. / CI during the 3rd quarter worth approximately $20,900,000. Context Capital Management LLC purchased a new stake in Gores Holdings X, Inc. / CI in the 3rd quarter worth $1,047,000. Calamos Advisors LLC purchased a new stake in Gores Holdings X, Inc. / CI in the 3rd quarter worth $7,315,000. SkyView Investment Advisors LLC acquired a new position in Gores Holdings X, Inc. / CI during the second quarter worth $1,565,000. Finally, Harraden Circle Investments LLC acquired a new position in Gores Holdings X, Inc. / CI during the second quarter worth $657,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Gores Holdings X, Inc. / CI in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Gores Holdings X, Inc. / CI has a consensus rating of “Sell”.

About Gores Holdings X, Inc. / CI

Gores Holdings X, Inc. is a special purpose acquisition company (SPAC), not an operating business. Its purpose was to pursue a merger, stock exchange, asset acquisition, reorganization, or similar business combination with one or more companies. The company was sponsored by an affiliate of The Gores Group, an investment firm founded by Alec Gores. Like other SPACs, Gores Holdings X was established to identify and combine with a target business; it did not itself offer consumer products or operating services.