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

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

Gores Holdings X, Inc. / CI Stock Performance

Shares of GTEN stock remained flat at $10.44 on Monday. 29 shares of the stock traded hands, compared to its average volume of 109,121. Gores Holdings X, Inc. / CI has a one year low of $10.21 and a one year high of $10.99. The firm has a market cap of $470.58 million, a price-to-earnings ratio of 74.57 and a beta of 0.14. The company has a fifty day simple moving average of $10.48 and a two-hundred day simple moving average of $10.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTEN. Harraden Circle Investments LLC bought a new stake in shares of Gores Holdings X, Inc. / CI in the second quarter worth about $657,000. Context Capital Management LLC acquired a new stake in shares of Gores Holdings X, Inc. / CI during the third quarter worth about $1,047,000. SkyView Investment Advisors LLC bought a new position in shares of Gores Holdings X, Inc. / CI during the 2nd quarter valued at about $1,565,000. Sona Asset Management US LLC bought a new position in shares of Gores Holdings X, Inc. / CI during the 1st quarter valued at about $1,631,000. Finally, DLD Asset Management LP lifted its holdings in shares of Gores Holdings X, Inc. / CI by 6.5% during the 1st quarter. DLD Asset Management LP now owns 165,559 shares of the company’s stock valued at $1,695,000 after purchasing an additional 10,058 shares in the last quarter.

Analyst Upgrades and Downgrades

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