GGZ Stock Summary and Trading Ideas (Gabelli Global Small & Mid-Cap Value Trust | NYSE:GGZ)

The Gabelli Global Small and Mid Cap Value Trust is a closed-end diversified management investment company whose investment objective is long-term capital growth. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities (such as common stock and preferred stock) of companies with small or medium sized market capitalizations. The Fund currently defines “small cap companies” as those with a market capitalization generally less than $3 billion at the time of investment and “mid cap companies” as those with a market capitalization between $3 billion and $12 billion at the time of investment. At least 40% of its total assets will be invested in the equity securities of companies located outside the United States and in at least three countries.

Gabelli Global Small & Mid-Cap Value Trust trades on the NYSE stock market under the symbol GGZ.

As of April 25, 2024, GGZ stock price declined to $11.30 with 860 million shares trading.

GGZ has a market cap of $94.79 million. This is considered a Micro Cap stock.

In the last 3 years, GGZ stock traded as high as $17.29 and as low as $9.43.

GGZ has underperformed the market in the last year with a return of +3.1%, while the SPY ETF gained +22.7%. In the last 3 month period, GGZ fell short of the market, returning -0.4%, while SPY returned +3.3%. However, in the most recent 2 weeks GGZ has outperformed the stock market by returning -2.8%, while SPY returned -2.8%.

GGZ support price is $11.36 and resistance is $11.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GGZ stock will trade within this expected range on the day.