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

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GFGD Stock Overview

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

GFGD 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

Highly volatile share price over the past 3 months

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

Debt is not well covered by operating cash flow

Negative shareholders equity

+ 1 more risk

The Growth for Good Acquisition Corporation Competitors

Rigel Resource Acquisition

OTCPK:RRAC.F

US$167.5m

SILVERspac

NasdaqCM:SLVR

US$327.5m

Spring Valley Acquisition II

NasdaqGM:SVII

US$110.8m

FTAC Emerald Acquisition

NasdaqCM:FLD

US$160.4m

Price History & Performance

Summary of all time highs, changes and price drops for Growth for Good Acquisition
Historical stock prices
Current Share Price	US$10.53
52 Week High	US$12.30
52 Week Low	US$7.77
Beta	0
11 Month Change	11.31%
3 Month Change	0.96%
1 Year Change	6.80%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	n/a

Recent updates

Shareholder Returns

	GFGD	US Capital Markets	US Market
7D	0.05%	0.06%	0.5%
1Y	6.8%	52.3%	30.7%

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

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

Price Volatility

Is GFGD's price volatile compared to industry and market?
GFGD volatility
GFGD Average Weekly Movement	15.5%
Capital Markets Industry Average Movement	3.8%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.3%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: GFGD's weekly volatility has increased from 8% to 16% 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 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 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GFGD 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 perform over the long term?

See historical performance and comparison

Growth for Good Acquisition NasdaqGM:GFGD Stock Report