GigOptix (GIG) has risen sharply, recording gains of 2.65% in the past 4 weeks. However, the stock has corrected -1.52% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.76% and the fifty day Moving Average is 3.23%. GigPeak, Inc. has dropped 30.96% during the last three month period . Year-to-Date the stock performance stands at -36.18%.
GigOptix (GIG) : The consensus price target for GigOptix (GIG) is $3.37 for the short term with a standard deviation of $0.22. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $3.
GigOptix (NYSEMKT:GIG): On Fridays trading session , Opening price of the stock was $1.94 with an intraday high of $1.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.93. However, the stock managed to close at $1.94, a loss of 1.02% for the day. On the previous day, the stock had closed at $1.96. The total traded volume of the day was 223,980 shares.
GigOptix, Inc. (GigOptix) is a fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. The business is made up of two product lines: the High-Speed Communications (HSC) product line and the Industrial product line. The Company offers an array of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers, TIAs and TFPS optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks. It also offers a wide range of digital and mixed-signal ASIC solutions.