GIGM Stock Summary and Trading Ideas (Gigamedia Limited - | NASDAQ:GIGM)

GigaMedia Ltd is a publisher of online games. It has only one reportable segment, Digital Entertainment service. Digital Entertainment service business operates a portfolio of online games, mainly targeting online game players across Europe, Asia, including Greater China and Southeast Asia. The company's portfolio of online games includes predominantly PC-based, non-cash gambling or casino casual games, including MahJong and various card and table games. The company's product lines include MahJong, AkaSeka, Yume 100, Fun Vegas, and others. The company operates in Taiwan and Hong Kong.

Gigamedia Limited - trades on the NASDAQ stock market under the symbol GIGM.

As of April 23, 2024, GIGM stock price climbed to $1.37 with 57,428 million shares trading.

GIGM has a market cap of $15.14 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, GIGM stock traded as high as $3.34 and as low as $1.12.

GIGM has underperformed the market in the last year with a return of -2.1%, while the SPY ETF gained +24.3%. In the last 3 month period, GIGM fell short of the market, returning -3.5%, while SPY returned +4.9%. However, in the most recent 2 weeks GIGM has outperformed the stock market by returning +5.5%, while SPY returned -2.5%.

GIGM support price is $1.27 and resistance is $1.35 (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 GIGM stock will trade within this expected range on the day.