Growth for Good Acquisition (Nasdaq:GFGD.U) - Stock Price, News & Analysis

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GFGD.U Stock Overview

The Growth for Good Acquisition Corporation does not have significant operations.

About the company

GFGD.U fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	0/6

Rewards

Earnings grew by 367.2% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Negative shareholders equity

Makes less than USD$1m in revenue ($0)

+ 1 more risk

The Growth for Good Acquisition Corporation Competitors

Rigel Resource Acquisition

NYSE:RRAC

US$168.2m

SILVERspac

NasdaqCM:SLVR

US$327.5m

Spring Valley Acquisition II

NasdaqGM:SVII

US$252.0m

FTAC Emerald Acquisition

NasdaqCM:FLD

US$155.5m

Price History & Performance

Summary of all time highs, changes and price drops for Growth for Good Acquisition
Historical stock prices
Current Share Price	US$10.40
52 Week High	US$11.40
52 Week Low	US$8.90
Beta	0
11 Month Change	-1.79%
3 Month Change	-1.52%
1 Year Change	4.73%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	4.00%

Recent updates

Shareholder Returns

	GFGD.U	US Capital Markets	US Market
7D	0%	1.2%	0.4%
1Y	4.7%	44.0%	32.6%

Return vs Industry: GFGD.U underperformed the US Capital Markets industry which returned 12.3% over the past year.

Return vs Market: GFGD.U underperformed the US Market which returned 16.8% over the past year.

Price Volatility

Is GFGD.U's price volatile compared to industry and market?
GFGD.U volatility
GFGD.U Average Weekly Movement	n/a
Capital Markets Industry Average Movement	4.0%
Market Average Movement	6.4%
10% most volatile stocks in US Market	15.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: GFGD.U has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine GFGD.U's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	David Birnbaum	www.g4ginvestment.com

The Growth for Good Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The Growth for Good Acquisition Corporation was incorporated in 2021 and is based in New York, New York.

The Growth for Good Acquisition Corporation Fundamentals Summary

How do Growth for Good Acquisition's earnings and revenue compare to its market cap?
GFGD.U fundamental statistics
Market cap	US$341.44m
Earnings (TTM)	US$4.85m
Revenue (TTM)	n/a

70.4x

P/E Ratio

0.0x

P/S Ratio

Is GFGD.U overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GFGD.U income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	-US$4.85m
Earnings	US$4.85m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-19.1%

How did GFGD.U perform over the long term?

See historical performance and comparison

Growth for Good Acquisition NasdaqGM:GFGD.U Stock Report