GigaCloud Technology Inc (GCT) concluded trading on 01/04/24 at a closing price of $20.47, with 3.36 million shares of worth about $68.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 177.00% during that period and on Thursday the price saw a gain of about 10.17%. Currently the company’s common shares owned by public are about 26.73M shares, out of which, 7.93M shares are available for trading.
GigaCloud Technology Inc (NASDAQ: GCT) started trading at $19.54, above $0.96 from concluding price of the previous day. However, the stock later moved at a day high price of 21.25, or with a gain of 10.17%. Stock saw a price change of 12.35% in past 5 days and over the past one month there was a price change of 66.69%. Year-to-date (YTD), GCT shares are showing a performance of 11.89% which increased to 274.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.79 but also hit the highest price of $20.93 during that period. The average intraday trading volume for GigaCloud Technology Inc shares is 979.35K. The stock is currently trading 32.63% above its 20-day simple moving average (SMA20), while that difference is up 70.92% for SMA50 and it goes to 124.77% higher than SMA200.
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GigaCloud Technology Inc (NASDAQ: GCT) currently have 26.73M outstanding shares and institutions hold larger chunk of about 5.76% of that.
The stock has a current market capitalization of $829.65M and its 3Y-monthly beta is at 1.95. PE ratio of stock for trailing 12 months is 11.51, while it has posted earnings per share of $1.78 in the same period. It has Quick Ratio of 1.84 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GCT, volatility over the week remained 12.76% while standing at 10.72% over the month.
Analysts are in expectations that GigaCloud Technology Inc (GCT) stock would likely to be making an EPS of $0.58 in the current quarter, while forecast for next quarter EPS is $0.37 and it is $2.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.58 which is $0.58 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 227.50% while it is estimated to increase by 16.28% in next year.
Analysts at 2 brokerage firms have issued recommendations for the GigaCloud Technology Inc (GCT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on June 16, 2023 offering a Buy rating for the stock and assigned a target price of $13 to it.
