GigaCloud Technology Inc (NASDAQ: GCT) is 69.55% higher on its value in year-to-date trading and has touched a low of $4.93 and a high of $45.18 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 $31.59 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $31.02, the stock is -3.39% and -1.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -1.80% at the moment leaves the stock 84.93% off its SMA200. GCT registered 442.31% gain for a year compared to 6-month gain of 211.45%. The firm has a 50-day simple moving average (SMA 50) of $2.11 and a 200-day simple moving average (SMA200) of $12.47.
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The stock witnessed a 0.58% loss in the last 1 month and extending the period to 3 months gives it a 32.17%, and is -12.99% down 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 9.60% over the week and 12.60% over the month.
GigaCloud Technology Inc (GCT) has around 1362 employees, a market worth around $1.26B and $703.83M in sales. Current P/E ratio is 13.47 and Fwd P/E is 8.84. Profit margin for the company is 13.37%. Distance from 52-week low is 529.16% and -31.34% from its 52-week high. The company has generated returns on investments over the last 12 months (14.84%).
GigaCloud Technology Inc quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $235M over the same period.The EPS is expected to grow by 21.09% this year, but quarterly earnings will post 57.20% year-over-year.
86 institutions hold shares in GigaCloud Technology Inc (GCT), with institutional investors hold 41.25% of the company’s shares. The shares outstanding are 31.46M, and float is at 16.52M with Short Float at 16.99%. Institutions hold 38.07% of the Float.
The top institutional shareholder in the company is Boston Partners with over 0.15 million shares valued at $1.02 million. The investor’s holdings represent 0.37% of the GCT Shares outstanding. As of Jun 29, 2023, the second largest holder is Two Sigma Investments, LP with 67688.0 shares valued at $0.46 million to account for 0.17% of the shares outstanding. The other top investors are Marshall Wace LLP which holds 61027.0 shares representing 0.15% and valued at over $0.41 million, while Xtx Topco Ltd holds 0.10% of the shares totaling 40967.0 with a market value of $0.28 million.
GigaCloud Technology Inc (GCT) Insider Activity
The most recent transaction is an insider sale by Wu Lei, the company’s Chief Executive Officer. SEC filings show that Wu Lei sold 20,000 shares of the company’s common stock on Apr 08 ’24 at a price of $33.07 per share for a total of $0.66 million. Following the sale, the insider now owns 1.16 million shares.
GigaCloud Technology Inc disclosed in a document filed with the SEC on Apr 05 ’24 that Wu Lei (Chief Executive Officer) sold a total of 37,178 shares of the company’s common stock. The trade occurred on Apr 05 ’24 and was made at $35.49 per share for $1.32 million. Following the transaction, the insider now directly holds 1.18 million shares of the GCT stock.
Still, SEC filings show that on Apr 04 ’24, Wu Lei (Chief Executive Officer) disposed off 20,000 shares at an average price of $36.39 for $0.73 million. The insider now directly holds 1,217,994 shares of GigaCloud Technology Inc (GCT).
