GGPI Stock Forecast – 2022, 2023, 2024, 2025, 2030
Gores Guggenheim Inc Stock (NASDAQ:GGPI), a special-purpose acquisition company (SPAC) that plans to merge with electric-car firm Polestar, rose as high as 28.1 percent in trade on Monday after the firm filed a Form F-4 with the Securities and Exchange Commission (SEC). The GGPI Stock Price finished the day up 15.4 percent.
Polestar claims to have 35 continuous locations and expects to increase to over 150 by the end of 2023. By the end of 2023, the business intends to be functioning in 30 markets, with revenues rising to 290,000 vehicles by the end of 2025.
This doesn’t harm that Rivian, an EV company, jumped another 15% in trade following its initial public offering (IPO) last week. Currently, traders are paying increasing attention to electric-vehicle shares. Given Polestar’s projected quick rise to become a major EV provider, this might be an excellent approach to enter the market.
There isn’t much particular news that should cause a company like this to skyrocket into the double digits, but that’s the marketplace we’re in right now. EV companies are skyrocketing, and it doesn’t appear to mind that not all of them will be able to come close to their high valuations.
As much as EV companies appear overpriced, Polestar already has a substantial sales and service network, as well as the benefit of being developed under a major car manufacturer, Volvo. Those tailwinds might offer it an advantage in the EV battle, which is heating up fast.
What Does Gores Guggenheim Inc Do?
Gores Guggenheim Inc is a cash-only business. The firm, Gores Guggenheim Inc, is founded to achieve a merger, capital stock exchange, purchase of assets, share buyback, rearrangement, or similar commercial combination with one or much more enterprises.
GGPI Stock Price Today
Currently, GGPI Stock Price today is 14.55 USD.
The year may be coming to an end, but the era of electric vehicles has been in excellent form. And, by the looks of things, the battle is only getting started. Last week, all eyes were on Rivian (NASDAQ:RIVN), a freshly new public company that broke records in its first week. This week, investors are waiting for another significant launch, as European inventor Polestar seeks to go public via a SPAC merger. Its partnership, Gores Guggenheim Inc (NASDAQ:GGPI), is off to a strong start this week, with GGPI stock price up 16%.
Historical data of Gores Guggenheim Inc Stock:
- Market Cap(Previous Close): 1.28 B
- GGPI Stock Pricein USD (Previous Close): 14.550
- Gores Guggenheim Inc Stock Volume(Previous Close): 500
- Current GGPI Stock Pricein USD: 14.550
- 90-Day Moving Average of GGPI Stock Price: 10.435
- GGPI Stock Price 52 Week High: 05
- 52 Week Low GGPI Stock Price: 7
- 50 Day Moving Average of GGPI Stock Price: 4686
- 200 Day Moving Average of GGPI Stock Price: 0395
- Gores Guggenheim Inc Stocks Short: 2423083
- GGPI Shares Short Prior Month: 2347674
- Short Ratio: 85
|Date||Opening GGPI Stock Price||Closing GGPI Stock Price||Minimum GGPI Stock Price||Maximum GGPI Stock Price|
|2021-11-17||Open: 15.3501||Close: 14.55||Low: 14.55||High: 15.3501|
|2021-11-16||Open: 14.98||Close: 15.2099||Low: 14.3325||High: 15.47|
|2021-11-15||Open: 14.455||Close: 14.78||Low: 14.455||High: 15.82|
|2021-11-12||Open: 11.1101||Close: 12.81||Low: 11.1101||High: 12.81|
|2021-11-11||Open: 10.9875||Close: 11.06||Low: 10.9875||High: 11.07|
|2021-11-10||Open: 11.0301||Close: 10.67||Low: 10.67||High: 11.195|
|2021-11-09||Open: 11.07||Close: 11.2||Low: 11.045||High: 11.28|
|2021-11-08||Open: 10.875||Close: 11.31||Low: 10.7996||High: 11.31|
|2021-11-05||Open: 10.57||Close: 10.69||Low: 10.4788||High: 10.6901|
|2021-11-04||Open: 10.605||Close: 10.54||Low: 10.495||High: 10.615|
|2021-11-03||Open: 10.7199||Close: 10.69||Low: 10.685||High: 10.74|
|2021-11-02||Open: 10.985||Close: 10.73||Low: 10.65||High: 10.985|
|2021-11-01||Open: 10.81||Close: 10.96||Low: 10.785||High: 10.96|
|2021-10-29||Open: 10.695||Close: 10.72||Low: 10.695||High: 10.9|
GGPI Stock Forecast
So far, it appears like everything is in place for the merger that would allow Polestar to begin trading on the Nasdaq. When this happens, Gores Guggenheim Inc’s worth will most likely be in the $20 billion range. Aside from Rivian’s remarkable launch, many shareholders are undoubtedly starting to think of Lucid Motors (NASDASQ:LCID). With its own SPAC merger, LCID shares grabbed traders and has experienced a fantastic 2021. Stocks have risen by more than 80% in the previous month alone.
Polestar, on the other hand, has received more comparisons to sector titan Tesla (NASDAQ:TSLA). According to one GGPI Stock Forecast analyst, the Polestar 2 is “the nearest thing on the market now to a Tesla Model 3 rival.” While CEO Thomas Ingenlath has indicated that his business does not plan to be a Tesla competitor, it is obvious that the newcomer to the EV market may surely challenge it. Polestar is working on a number of projects, including an SUV equipped with a lidar advanced sensor system developed by Luminar Technologies (NASDAQ:LAZR).
Stavros Georgiadis, an InvestorPlace writer, just outlined the several factors why traders should be thrilled about Polestar coming public. He also mentioned that, unlike many other SPAC acquisitions that have made EV manufacturers public before any actual vehicles have been produced, Polestar has two different models in development.
Polestar is “ready for additional expansion,” as per the company’s declaration. In particular, the firm intends to sell 290,000 automobiles by the end of 2025. Thus, it intends to grow its retail presence and explore new global markets.
Polestar, as according to Georgiadis, is a different firm in that it is an EV SPAC bet that isn’t “all talk.” That appears to be the case.
Whenever the merger was initially released this fall, there was lot to be happy with, and months later, there is much more reason to be on the lookout as the agreement’s closure draws. For the time being, GGPI Stock should be on every treader’s radar.
- GGPI Stock Forecast for the next days:
|Date||GGPI Stock Price||Min GGPI Stock Price||Max GGPI Stock Price|
|2021-11-19||Price: 14.590||Min: 13.485||Max: 15.681|
|2021-11-22||Price: 15.619||Min: 14.546||Max: 16.829|
|2021-11-23||Price: 15.741||Min: 14.433||Max: 16.946|
|2021-11-24||Price: 15.593||Min: 14.394||Max: 16.841|
|2021-11-25||Price: 15.259||Min: 14.037||Max: 16.460|
|2021-11-26||Price: 15.493||Min: 14.305||Max: 16.681|
|2021-11-29||Price: 16.522||Min: 15.416||Max: 17.723|
|2021-11-30||Price: 16.644||Min: 15.438||Max: 17.799|
|2021-12-01||Price: 16.496||Min: 15.388||Max: 17.691|
Below, you can check out the GGPI Stock Forecast data (Based on GGPI Stock Forecast 2021, 2022, 2023, 2024, 2025, 2030 charts).
- 52 Week High Gores Guggenheim Inc Stock Price: 17.962
- 52 Week Low Gores Guggenheim Inc Stock Price: 14.753
- Gores Guggenheim Inc Stock Price 45-Day Moving Average: 15.040
- GGPI Stock Price 90-Day Moving Average: 15.239
- The Gores Guggenheim Inc stock price is 14.550 USD today.
- The GGPI stock price can increase from 14.550 USD to 17.845 USD in a year.
- The long-term profit potential is +22.64% in a year.
- According to GGPI Stock Forecast 2021, 2022, 2023, 2024, 2025, 2030 charts, Gores Guggenheim Inc Stock Price prediction for 2026 is 30.203 USD.