GigaCloud Technology Inc (GCT) concluded trading on Wednesday at a closing price of $26.40, with 3.26 million shares of worth about $86.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.95% during that period and on October 02, 2024 the price saw a gain of about 4.72%. Currently the company’s common shares owned by public are about 31.46M shares, out of which, 21.50M shares are available for trading.
Stock saw a price change of 34.49% in past 5 days and over the past one month there was a price change of 25.42%. Year-to-date (YTD), GCT shares are showing a performance of 44.30% which increased to 192.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.71 but also hit the highest price of $45.18 during that period. The average intraday trading volume for GigaCloud Technology Inc shares is 1.43 million. The stock is currently trading 37.77% above its 20-day simple moving average (SMA20), while that difference is up 19.88% for SMA50 and it goes to -5.16% lower than SMA200.
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GigaCloud Technology Inc (NASDAQ: GCT) currently have 31.46M outstanding shares and institutions hold larger chunk of about 20.85% of that.
The stock has a current market capitalization of $1.08B and its 3Y-monthly beta is at 1.72. PE ratio of stock for trailing 12 months is 9.51, while it has posted earnings per share of $2.78 in the same period. It has Quick Ratio of 1.19 while making debt-to-equity ratio of 1.44. 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 10.00% while standing at 7.97% over the month.
Stock’s fiscal year EPS is expected to rise by 39.67% while it is estimated to increase by 27.00% in next year.
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 Lake Street on July 29, 2024 offering a Buy rating for the stock and assigned a target price of $50 to it. Coverage by Maxim Group stated GigaCloud Technology Inc (GCT) stock as a Buy in their note to investors on May 22, 2024, suggesting a price target of $69 for the stock. On June 16, 2023, ROTH MKM Initiated their recommendations, while on October 03, 2022, Aegis Capital Initiated their ratings for the stock with a price target of $26.
