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Which institution holds the most shares in GigaCloud Technology Inc (GCT)

GigaCloud Technology Inc (NASDAQ: GCT) is 73.71% higher on its value in year-to-date trading and has touched a low of $6.71 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 $31.44 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $31.78, the stock is 2.78% and -3.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 1.08% at the moment leaves the stock 32.93% off its SMA200. GCT registered 331.79% gain for a year compared to 6-month gain of 44.45%.

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The stock witnessed a 3.86% loss in the last 1 month and extending the period to 3 months gives it a 0.60%, and is 1.08% 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 4.66% over the week and 5.20% over the month.

GigaCloud Technology Inc (GCT) has around 1362 employees, a market worth around $1.29B and $827.11M in sales. Current P/E ratio is 12.34 and Fwd P/E is 8.25. Profit margin for the company is 12.74%. Distance from 52-week low is 373.62% and -29.66% from its 52-week high. The company has generated returns on investments over the last 12 months (14.66%).

The EPS is expected to grow by 32.90% this year

The shares outstanding are 31.46M, and float is at 21.11M with Short Float at 20.00%.

GigaCloud Technology Inc (GCT) Insider Activity

The most recent transaction is an insider sale by Lin Frank Hurst, the company’s Director. SEC filings show that Lin Frank Hurst sold 149,693 shares of the company’s common stock on Jun 28 ’24 at a price of $30.19 per share for a total of $4.52 million. Following the sale, the insider now owns 4.07 million shares.

GigaCloud Technology Inc disclosed in a document filed with the SEC on Jun 27 ’24 that Lin Frank Hurst (Director) sold a total of 93,211 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $29.66 per share for $2.76 million. Following the transaction, the insider now directly holds 4.22 million shares of the GCT stock.

Still, SEC filings show that on Jun 27 ’24, SCHROCK IMAN AJ (President) disposed off 5,000 shares at an average price of $30.21 for $0.15 million. The insider now directly holds 25,000 shares of GigaCloud Technology Inc (GCT).

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