Currently, there are 26.73M common shares owned by the public and among those 17.26M shares have been available to trade.
However, the script later moved the day high at 35.30, down -24.75%. The company’s stock has a 5-day price change of -17.69% and 177.65% over the past three months. GCT shares are trading 41.90% year to date (YTD), with the 12-month market performance up to 390.74% higher. It has a 12-month low price of $4.86 and touched a high of $36.19 over the same period. GCT has an average intraday trading volume of 2.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.43%, 21.70%, and 114.44% respectively.
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Institutional ownership of GigaCloud Technology Inc (NASDAQ: GCT) shares accounts for 14.84% of the company’s 26.73M shares outstanding.
It has a market capitalization of $1.05B and a beta (3y monthly) value of 2.14. The stock’s trailing 12-month PE ratio is 14.59, while the earnings-per-share (ttm) stands at $1.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 23.67% over the week and 13.64% over the month.
Analysts forecast that GigaCloud Technology Inc (GCT) will achieve an EPS of $GigaCloud Technology Inc for the current quarter, $25.96 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $The Goodyear Tire & Rubber Comp while analysts give the company a high EPS estimate of $PureCycle Technologies, Inc.. Comparatively, EPS for the current quarter was $Gannett Co., Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 241.67%, and 17.80% over the next financial year.
Looking at the support for the GCT, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on June 16, 2023, with the firm’s price target at $13. Aegis Capital coverage for the GigaCloud Technology Inc (GCT) stock in a research note released on October 03, 2022 offered a Buy rating with a price target of $26.
