The price-to-earnings ratio for GigaCloud Technology Inc (NASDAQ: GCT) is 17.42x, which is above its average ratio. Moreover, the 36-month beta value for GCT is 1.99. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GCT is 17.30M and currently, short sellers hold a 14.73% of that float. On May 06, 2024, GCT’s average trading volume was 2.99M shares.
GCT) stock’s latest price update
GigaCloud Technology Inc (NASDAQ: GCT)’s stock price has soared by 7.59 in relation to previous closing price of 37.27. Nevertheless, the company has seen a gain of 18.01% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that GigaCloud Technology Inc. (GCT) made it through our “Recent Price Strength” screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
GCT’s Market Performance
GCT’s stock has risen by 18.01% in the past week, with a monthly rise of 15.40% and a quarterly rise of 43.83%. The volatility ratio for the week is 8.35% while the volatility levels for the last 30 days are 9.25% for GigaCloud Technology Inc. The simple moving average for the past 20 days is 16.72% for GCT’s stock, with a 108.89% simple moving average for the past 200 days.
Analysts’ Opinion of GCT
Many brokerage firms have already submitted their reports for GCT stocks, with ROTH MKM repeating the rating for GCT by listing it as a “Buy.” The predicted price for GCT in the upcoming period, according to ROTH MKM is $13 based on the research report published on June 16, 2023 of the previous year 2023.
Aegis Capital, on the other hand, stated in their research note that they expect to see GCT reach a price target of $26. The rating they have provided for GCT stocks is “Buy” according to the report published on October 03rd, 2022.
GCT Trading at 18.66% from the 50-Day Moving Average
After a stumble in the market that brought GCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.24% of loss for the given period.
Volatility was left at 9.25%, however, over the last 30 days, the volatility rate increased by 8.35%, as shares surge +19.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.76% upper at present.
During the last 5 trading sessions, GCT rose by +17.68%, which changed the moving average for the period of 200-days by +380.61% in comparison to the 20-day moving average, which settled at $34.68. In addition, GigaCloud Technology Inc saw 119.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GCT starting from Wu Lei, who sale 44,000 shares at the price of $33.86 back on May 02 ’24. After this action, Wu Lei now owns 621,816 shares of GigaCloud Technology Inc, valued at $1,489,716 using the latest closing price.
Wu Lei, the Chief Executive Officer of GigaCloud Technology Inc, sale 44,000 shares at $31.55 during a trade that took place back on May 01 ’24, which means that Wu Lei is holding 665,816 shares at $1,388,250 based on the most recent closing price.
Stock Fundamentals for GCT
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.27 for the gross margin
The net margin for GigaCloud Technology Inc stands at 0.13. The total capital return value is set at 0.17. Equity return is now at value 38.75, with 14.87 for asset returns.
Based on GigaCloud Technology Inc (GCT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.38. The interest coverage ratio of the stock is 107.5.
Currently, EBITDA for the company is 110.08 million with net debt to EBITDA at 1.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 11.95for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
To wrap up, the performance of GigaCloud Technology Inc (GCT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
