GigaCloud Technology Inc (NASDAQ: GCT) is 6.86% higher on its value in year-to-date trading and has touched a low of $15.61 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 $18.98 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $19.79, the stock is 4.84% and -8.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 4.27% at the moment leaves the stock -25.22% off its SMA200. GCT registered -1.59% loss for a year compared to 6-month loss of -35.33%. The firm has a 50-day simple moving average (SMA 50) of $21.6476 and a 200-day simple moving average (SMA200) of $26.498924.
The stock witnessed a -4.44% gain in the last 1 month and extending the period to 3 months gives it a -20.20%, and is -1.49% 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 5.20% over the week and 5.85% over the month.
GigaCloud Technology Inc (GCT) has around 1362 employees, a market worth around $810.83M and $1.11B in sales. Current P/E ratio is 6.25 and Fwd P/E is 5.69. Profit margin for the company is 11.75%. Distance from 52-week low is 26.78% and -56.20% from its 52-week high. The company has generated returns on investments over the last 12 months (15.91%).
with sales reaching $288.33M over the same period.The EPS is expected to grow by 34.93% this year, but quarterly earnings will post 63.90% year-over-year. Quarterly sales are estimated to grow 17.81% in year-over-year returns.
206.0 institutions hold shares in GigaCloud Technology Inc (GCT), with institutional investors hold 44.45% of the company’s shares. The shares outstanding are 33.30M, and float is at 27.38M with Short Float at 20.85%. Institutions hold 38.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.2 million shares valued at $36.64 million. The investor’s holdings represent 2.9531 of the GCT Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.83 million shares valued at $25.23 million to account for 2.0332 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 0.7 million shares representing 1.7219 and valued at over $21.36 million, while CITADEL ADVISORS LLC holds 1.6208 of the shares totaling 0.66 million with a market value of $20.11 million.
GigaCloud Technology Inc (GCT) Insider Activity
The most recent transaction is an insider purchase by Bernes Marshall, the company’s Head of BaaS Program. SEC filings show that Bernes Marshall bought 5,000 shares of the company’s common stock on Dec 27 ’24 at a price of $17.50 per share for a total of $87500.0. Following the purchase, the insider now owns 45000.0 shares.
GigaCloud Technology Inc disclosed in a document filed with the SEC on Dec 18 ’24 that WAN XIN (Chief Technology Officer) sold a total of 466 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $20.00 per share for $9320.0. Following the transaction, the insider now directly holds 0.0 shares of the GCT stock.
Still, SEC filings show that on Dec 16 ’24, WAN XIN (Chief Technology Officer) disposed off 68,437 shares at an average price of $20.43 for $1.4 million. The insider now directly holds 1,563 shares of GigaCloud Technology Inc (GCT).
