GCT Semiconductor Holding Inc. (NYSE: GCTS)’s stock price has gone decline by -21.69 in comparison to its previous close of 4.98, however, the company has experienced a -35.64% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-04-05 that GCT Semiconductor (NYSE:GCTS) stock is climbing higher on Friday after the chipmaker announced a deal with Aramco for 5G and 4G semiconductor ecosystems. According to a press release from the company, this deal will bolster Aramco’s 5G and 4G ecosystems in Saudia Arabia.
Is It Worth Investing in GCT Semiconductor Holding Inc. (NYSE: GCTS) Right Now?
Moreover, the 36-month beta value for GCTS is 1.22.
The public float for GCTS is 8.22M and currently, short sellers hold a 0.06% of that float. On April 22, 2024, GCTS’s average trading volume was 876.30K shares.
GCTS’s Market Performance
GCTS’s stock has seen a -35.64% decrease for the week, with a -64.99% drop in the past month and a -63.10% fall in the past quarter. The volatility ratio for the week is 16.27%, and the volatility levels for the past 30 days are at 59.55% for GCT Semiconductor Holding Inc. The simple moving average for the past 20 days is -65.28% for GCTS’s stock, with a -63.32% simple moving average for the past 200 days.
GCTS Trading at -64.52% from the 50-Day Moving Average
After a stumble in the market that brought GCTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.04% of loss for the given period.
Volatility was left at 59.55%, however, over the last 30 days, the volatility rate increased by 16.27%, as shares sank -66.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.38% lower at present.
During the last 5 trading sessions, GCTS fell by -35.64%, which changed the moving average for the period of 200-days by -62.36% in comparison to the 20-day moving average, which settled at $10.84. In addition, GCT Semiconductor Holding Inc. saw -63.07% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GCTS
Equity return is now at value -1.08, with -1.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To wrap up, the performance of GCT Semiconductor Holding Inc. (GCTS) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
