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

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) issued 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 opened at $10.44 on Tuesday. Gores Holdings X, Inc. / CI has a one year low of $10.21 and a one year high of $10.99. The business’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.41. The stock has a market cap of $470.64 million, a PE ratio of 74.57 and a beta of 0.14.

Institutional Investors Weigh In On Gores Holdings X, Inc. / CI

Several hedge funds have recently modified their holdings of the stock. Alberta Investment Management Corp bought a new stake in shares of Gores Holdings X, Inc. / CI in the 3rd quarter worth about $20,900,000. Context Capital Management LLC bought a new position in Gores Holdings X, Inc. / CI in the 3rd quarter worth about $1,047,000. Calamos Advisors LLC bought a new stake in Gores Holdings X, Inc. / CI during the 3rd quarter valued at $7,315,000. SkyView Investment Advisors LLC acquired a new stake in Gores Holdings X, Inc. / CI in the second quarter worth about $1,565,000. Finally, Harraden Circle Investments LLC acquired a new position in shares of Gores Holdings X, Inc. / CI during the 2nd quarter valued at $657,000.

Analyst Upgrades and Downgrades

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

About Gores Holdings X, Inc. / CI

Gores Holdings X, Inc is a special purpose acquisition company (SPAC) formed to identify and combine with one or more operating businesses. Unlike a traditional operating company, it does not provide products or services directly to customers and was established primarily to pursue a business combination, such as a merger, acquisition or similar transaction.

The company’s activities have generally centered on evaluating potential target businesses, completing due diligence and negotiating a transaction intended to create a publicly traded operating company.