GigaCloud Technology Inc (NASDAQ: GCT) is 91.80% 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 $32.47 in the last trading session, with the day’s gains setting it 2.62%.
Currently trading at $35.09, the stock is 13.50% and 8.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing 8.07% at the moment leaves the stock 103.26% off its SMA200. GCT registered 531.12% gain for a year compared to 6-month gain of 303.80%.
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The stock witnessed a -18.68% loss in the last 1 month and extending the period to 3 months gives it a 66.22%, and is 11.08% 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 9.47% over the week and 11.27% over the month.
GigaCloud Technology Inc (GCT) has around 1362 employees, a market worth around $1.43B and $703.83M in sales. Current P/E ratio is 15.24 and Fwd P/E is 9.67. Profit margin for the company is 13.37%. Distance from 52-week low is 611.71% and -22.33% from its 52-week high. The company has generated returns on investments over the last 12 months (14.84%).
The EPS is expected to grow by 26.09% this year.
GigaCloud Technology Inc (GCT) Top Institutional Holders
The shares outstanding are 31.46M, and float is at 16.60M with Short Float at 16.91%.
GigaCloud Technology Inc (GCT) Insider Activity
The most recent transaction is an insider sale by Wu Lei,the company’sChief Executive Officer. SEC filings show that Wu Lei sold 44,000 shares of the company’s common stock on Apr 15 ’24 at a price of $32.56 per share for a total of $1.43 million. Following the sale, the insider now owns 1.19 million shares.
GigaCloud Technology Inc disclosed in a document filed with the SEC on Apr 12 ’24 that Wu Lei (Chief Executive Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Apr 12 ’24 and was made at $32.23 per share for $32230.0. Following the transaction, the insider now directly holds 1.24 million shares of the GCT stock.
Still, SEC filings show that on Apr 11 ’24, Wu Lei (Chief Executive Officer) disposed off 20,000 shares at an average price of $33.94 for $0.68 million. The insider now directly holds 1,238,816 shares of GigaCloud Technology Inc (GCT).
