Giga Media Stock Today

GIGM Stock  USD 1.29  0.01  0.77%   

Performance

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Odds Of Distress

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Giga Media is selling at 1.29 as of the 28th of March 2024; that is -0.77 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.27. Giga Media has less than a 15 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Giga Media are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Media & Entertainment
IPO Date
18th of February 2000
Category
Communication Services
GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. GigaMedia Limited was founded in 1998 and is headquartered in Taipei, Taiwan. Gigamedia operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. The company has 11.05 M outstanding shares of which 8.51 K shares are currently shorted by private and institutional investors with about 0.5 trading days to cover. More on Giga Media

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Giga Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Giga Media's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Giga Media or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman and CEOCollin Hwang
Thematic Ideas
(View all Themes)
Business ConcentrationInteractive Home Entertainment, Electronic Gaming & Multimedia, Communication Services, NASDAQ Composite, NASDAQ Composite Total, Online Gaming, Social Domain, Communication Services, Entertainment, Electronic Gaming & Multimedia, Communication Services (View all Sectors)
Financial Strength
Based on the key measurements obtained from Giga Media's financial statements, Giga Media may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Giga Media is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.120.1071
Moderately Up
Pretty Stable
Total Current Liabilities2.3 M2.4 M
Notably Down
Slightly volatile
Total Assets44.6 M46.9 M
Notably Down
Slightly volatile
Total Current Assets72.1 M43.2 M
Way Up
Slightly volatile
Giga Media's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Giga Media's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Giga Media's financial leverage. It provides some insight into what part of Giga Media's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Giga Media's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Giga Media deploys its capital and how much of that capital is borrowed.
Liquidity
Giga Media cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 893 K in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Giga Media has a current ratio of 13.04, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Giga Media until it has trouble settling it off, either with new capital or with free cash flow. So, Giga Media's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Giga Media sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Giga to invest in growth at high rates of return. When we think about Giga Media's use of debt, we should always consider it together with cash and equity.

Depreciation

6,840
Giga Media (GIGM) is traded on NASDAQ Exchange in USA. It is located in No. 22, Tiding Boulevard, Taipei, Taiwan, 114-740 and employs 135 people. Giga Media is listed under Interactive Home Entertainment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 14.2 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Giga Media's market, we take the total number of its shares issued and multiply it by Giga Media's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Giga Media conducts business under Entertainment sector and is part of Communication Services industry. The entity has 11.05 M outstanding shares of which 8.51 K shares are currently shorted by private and institutional investors with about 0.5 trading days to cover. Giga Media currently holds about 39.32 M in cash with (2.08 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.56, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Giga Media Probability Of Bankruptcy
Ownership Allocation
Giga Media secures a total of 11.05 Million outstanding shares. Giga Media secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Giga Ownership Details

Giga Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Giga Media jumping above the current price in 90 days from now is about 85.76%. The Giga Media probability density function shows the probability of Giga Media stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Giga Media has a beta of -0.0869. This usually indicates as returns on benchmark increase, returns on holding Giga Media are expected to decrease at a much lower rate. During the bear market, however, Giga Media is likely to outperform the market. Additionally, giga Media has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 1.29HorizonTargetOdds Above 1.29
14.09%90 days
 1.29 
85.76%
Based on a normal probability distribution, the odds of Giga Media to move above the current price in 90 days from now is about 85.76 (This Giga Media probability density function shows the probability of Giga Stock to fall within a particular range of prices over 90 days) .

Giga Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Giga Media that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Giga Media's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Giga Media's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-12-31
250.1 K
Acadian Asset Management Llc2023-12-31
49.6 K
Advisor Group Holdings, Inc.2023-12-31
40.5 K
Two Sigma Investments Llc2023-12-31
24.1 K
Two Sigma Advisers, Llc2023-12-31
11.8 K
Bnp Paribas Arbitrage, Sa2023-12-31
6.3 K
Barclays Plc2023-12-31
3.6 K
Householder Group Estate & Retirement Specialist, Llc2023-12-31
0.0
Susquehanna International Group, Llp2023-12-31
0.0
Ridgewood Investments Llc2023-09-30
0.0
Tower Research Capital Llc2023-09-30
0.0
View Giga Media Diagnostics

Giga Media Historical Income Statement

Giga Media Income Statement is one of the three primary financial statements used for reporting Giga's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Giga Media revenue and expense. Giga Media Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Giga Media's Total Other Income Expense Net is very stable compared to the past year. As of the 28th of March 2024, Income Tax Expense is likely to grow to 317.57, while Interest Expense is likely to drop about 41.4 K. View More Fundamentals

Giga Stock Against Markets

Picking the right benchmark for Giga Media stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Giga Media stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Giga Media is critical whether you are bullish or bearish towards Giga Media at a given time. Please also check how Giga Media's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Giga Media without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Giga Media Corporate Directors

Giga Media corporate directors refer to members of a Giga Media board of directors. The board of directors generally takes responsibility for the Giga Media's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Giga Media's board members must vote for the resolution. The Giga Media board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kuo TungNon-Executive Independent DirectorProfile
ChiaEn LiuIndependent Non-Executive DirectorProfile
Chin HongIndependent DirectorProfile
BingYuan HuangIndependent Non-Executive DirectorProfile

How to buy Giga Stock?

Before investing in Giga Media, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Giga Media. To buy Giga Media stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Giga Media. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Giga Media stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Giga Media stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Giga Media stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Giga Media, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Giga Stock please use our How to Invest in Giga Media guide.

Already Invested in Giga Media?

The danger of trading Giga Media is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Giga Media is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Giga Media. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Giga Media is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Giga Media is a strong investment it is important to analyze Giga Media's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Giga Media's future performance. For an informed investment choice regarding Giga Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Media. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Giga Stock, please use our How to Invest in Giga Media guide.
Note that the Giga Media information on this page should be used as a complementary analysis to other Giga Media's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running Giga Media's price analysis, check to measure Giga Media's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Giga Media is operating at the current time. Most of Giga Media's value examination focuses on studying past and present price action to predict the probability of Giga Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Media's price. Additionally, you may evaluate how the addition of Giga Media to your portfolios can decrease your overall portfolio volatility.
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Is Giga Media's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Giga Media. If investors know Giga will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Giga Media listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.09)
Revenue Per Share
0.409
Quarterly Revenue Growth
(0.32)
Return On Assets
(0.04)
Return On Equity
(0.02)
The market value of Giga Media is measured differently than its book value, which is the value of Giga that is recorded on the company's balance sheet. Investors also form their own opinion of Giga Media's value that differs from its market value or its book value, called intrinsic value, which is Giga Media's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Giga Media's market value can be influenced by many factors that don't directly affect Giga Media's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Giga Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Giga Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Giga Media's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.