
GiG Works Inc. experienced a remarkable rally this week, closing at ¥383.00 on January 24, an increase of ¥80.00 or 26.40% from its previous close of ¥303.00.
The stock opened the day at ¥333.00 and hit its weekly high at the close, with a trading range of ¥333.00 to ¥383.00. This sharp gain pushes the stock closer to its 52-week high of ¥759.00 while remaining well above its 52-week low of ¥233.00.
Investor interest was notably heightened, as evidenced by a trading volume of 9,271,400 shares, far surpassing the average volume of 463,432. GiG Works Inc. now holds a market capitalisation of ¥7.599 billion.
Despite this strong performance, the company has reported negative earnings per share (EPS) of ¥-35.35, highlighting ongoing profitability challenges. However, the stock’s beta of 0.73 suggests relatively moderate volatility compared to the broader market, making its significant rise this week even more notable.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.