GigaCloud Technology Inc (NASDAQ: GCT) is 21.73% 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 $22.12 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $22.27, the stock is -10.92% and -21.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.68% at the moment leaves the stock -16.14% off its SMA200. GCT registered 76.89% gain for a year compared to 6-month gain of -18.81%.
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The stock witnessed a -22.62% loss in the last 1 month and extending the period to 3 months gives it a -29.19%, and is -0.54% 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 4.90% over the week and 6.63% over the month.
GigaCloud Technology Inc (GCT) has around 1362 employees, a market worth around $915.07M and $984.85M in sales. Current P/E ratio is 8.02 and Fwd P/E is 5.46. Profit margin for the company is 11.57%. Distance from 52-week low is 231.89% and -50.71% from its 52-week high. The company has generated returns on investments over the last 12 months (14.26%).
The EPS is expected to grow by 39.39% this year
169.0 institutions hold shares in GigaCloud Technology Inc (GCT), with institutional investors hold 44.10% of the company’s shares. The shares outstanding are 31.46M, and float is at 21.38M with Short Float at 22.19%. Institutions hold 38.32% of the Float.
The top institutional shareholder in the company is ANATOLE INVESTMENT MANAGEMENT LTD with over 0.75 million shares valued at $20.0 million. The investor’s holdings represent 1.836 of the GCT Shares outstanding. As of 2024-03-31, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 0.6 million shares valued at $16.04 million to account for 1.472 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.44 million shares representing 1.0861 and valued at over $11.83 million, while ACADIAN ASSET MANAGEMENT LLC holds 0.9321 of the shares totaling 0.38 million with a market value of $10.14 million.
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 SCHROCK IMAN AJ (President) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $30.21 per share for $0.15 million. Following the transaction, the insider now directly holds 25000.0 shares of the GCT stock.
Still, SEC filings show that on Jun 26 ’24, Lin Frank Hurst (Director) disposed off 134,559 shares at an average price of $29.99 for $4.04 million. The insider now directly holds 4,312,793 shares of GigaCloud Technology Inc (GCT).
