Gores Holdings IV Inc. [GHIV] Stock trading around $12.11 per share: What’s Next?

Gores Holdings IV Inc. [NASDAQ: GHIV] stock went on an upward path that rose over 8.81% on Wednesday, amounting to a one-week price increase of more than 13.07%. The company report on December 18, 2020 that Gores Holdings IV Announces Special Stockholder Meeting to Approve Business Combination.

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– Special Meeting to be held on January 20, 2021.

– Stockholders are Encouraged to Submit Their Vote Prior to the Special Meeting.

The one-year Gores Holdings IV Inc. stock forecast points to a potential downside of -5.3. The average equity rating for GHIV stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $514.67 million, with 42.50 million shares outstanding and 35.00 million shares in the current float. Compared to the average trading volume of 1.72M shares, GHIV stock reached a trading volume of 15362427 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Gores Holdings IV Inc. [GHIV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GHIV shares is $11.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GHIV stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Gores Holdings IV Inc. is set at 0.42

GHIV Stock Performance Analysis:

Gores Holdings IV Inc. [GHIV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.07. With this latest performance, GHIV shares gained by 20.74% in over the last four-week period, additionally plugging by 19.90% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GHIV stock in for the last two-week period is set at 79.64, with the RSI for the last a single of trading hit 82.63, and the three-weeks RSI is set at 76.98 for Gores Holdings IV Inc. [GHIV]. The present Moving Average for the last 50 days of trading for this stock 10.27, while it was recorded at 11.13 for the last single week of trading.

Insight into Gores Holdings IV Inc. Fundamentals:

Additionally, GHIV Total Debt to Total Capital is recorded at 110.29, with Total Debt to Total Assets ending up at 36.36.

Reflecting on the efficiency of the workforce at the company, Gores Holdings IV Inc. [GHIV] managed to generate an average of -$13,001 per employee.

Gores Holdings IV Inc. [GHIV] Insider Position Details

There are presently around $382 million, or 98.64% of GHIV stock, in the hands of institutional investors. The top three institutional holders of GHIV stocks are: MILLENNIUM MANAGEMENT LLC with ownership of 2,371,798, which is approximately 33.285% of the company’s market cap and around 25.93% of the total institutional ownership; GOVERNORS LANE LP, holding 2,158,919 shares of the stock with an approximate value of $24.03 million in GHIV stocks shares; and TD ASSET MANAGEMENT INC, currently with $23.99 million in GHIV stock with ownership of nearly -13.786% of the company’s market capitalization.

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Positions in Gores Holdings IV Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 50 institutional holders increased their position in Gores Holdings IV Inc. [NASDAQ:GHIV] by around 17,748,742 shares. Additionally, 22 investors decreased positions by around 3,044,543 shares, while 6 investors held positions by with 13,562,827 shares. The mentioned changes placed institutional holdings at 34,356,112 shares, according to the latest SEC report filing. GHIV stock had 44 new institutional investments in for a total of 16,056,061 shares, while 6 institutional investors sold positions of 844,198 shares during the same period.

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