GigaCloud Technology Inc. (NASDAQ: GCT) is 1.76% higher on its value in year-to-date trading and has touched a low of $4.14 and a high of $62.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GCT stock was last observed hovering at around $7.16 in the last trading session, with the day’s loss setting it -1.37% off its average median price target of $26.00 for the next 12 months. It is also 77.73% off the consensus price target high of $26.00 offered by 1 analysts, but current levels are 77.73% higher than the price target low of $26.00 for the same period.
Currently trading at $5.79, the stock is 7.04% and 5.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing -19.13% at the moment leaves the stock -26.04% off its SMA200. GCT registered a loss of 0.70% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $0.52 and a 200-day simple moving average (SMA200) of $7.69.
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The stock witnessed a 12.43% gain in the last 1 month and extending the period to 3 months gives it a 15.57%, and is 9.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 21.67% over the week and 9.87% over the month.
GigaCloud Technology Inc. (GCT) has around 764 employees, a market worth around $202.24M and $490.10M in sales. Current P/E ratio is 16.08. Profit margin for the company is 2.40%. Distance from 52-week low is 39.86% and -90.66% from its 52-week high. The company has generated returns on investments over the last 12 months (14.50%).
GigaCloud Technology Inc. (GCT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for GigaCloud Technology Inc. (GCT) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 61.70% this year
GigaCloud Technology Inc. (GCT) Top Institutional Holders
The shares outstanding are 42.00M, and float is at 16.56M with Short Float at 0.83%.