The price-to-earnings ratio for GigaCloud Technology Inc (NASDAQ: GCT) is above average at 12.47x. The 36-month beta value for GCT is also noteworthy at 1.87. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GCT is 19.43M, and at present, short sellers hold a 18.70% of that float. The average trading volume of GCT on June 05, 2024 was 3.10M shares.
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GCT) stock’s latest price update
The stock price of GigaCloud Technology Inc (NASDAQ: GCT) has jumped by 2.43 compared to previous close of 31.34. Despite this, the company has seen a gain of 1.07% in its stock price over the last five trading days. zacks.com reported 2024-06-05 that Cash is the lifeblood of any business and provides vitality and strength to a company. So, companies with rising cash flows like GFF, ATGE, HNI, DBD and GCT are worth buying.
GCT’s Market Performance
GCT’s stock has risen by 1.07% in the past week, with a monthly drop of -21.92% and a quarterly drop of -12.39%. The volatility ratio for the week is 5.21% while the volatility levels for the last 30 days are 8.14% for GigaCloud Technology Inc The simple moving average for the last 20 days is -5.99% for GCT’s stock, with a simple moving average of 47.09% for the last 200 days.
Analysts’ Opinion of GCT
Many brokerage firms have already submitted their reports for GCT stocks, with Maxim Group repeating the rating for GCT by listing it as a “Buy.” The predicted price for GCT in the upcoming period, according to Maxim Group is $69 based on the research report published on May 22, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see GCT reach a price target of $13. The rating they have provided for GCT stocks is “Buy” according to the report published on June 16th, 2023.
Aegis Capital gave a rating of “Buy” to GCT, setting the target price at $26 in the report published on October 03rd of the previous year.
GCT Trading at -4.77% 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 -28.95% of loss for the given period.
Volatility was left at 8.14%, however, over the last 30 days, the volatility rate increased by 5.21%, as shares sank -20.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.70% upper at present.
During the last 5 trading sessions, GCT rose by +0.94%, which changed the moving average for the period of 200-days by +177.82% in comparison to the 20-day moving average, which settled at $33.74. In addition, GigaCloud Technology Inc saw 75.46% 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 Lin Frank Hurst, who sale 149,864 shares at the price of $37.37 back on May 17 ’24. After this action, Lin Frank Hurst now owns 5,245,067 shares of GigaCloud Technology Inc, valued at $5,600,807 using the latest closing price.
Wu Lei, the Chief Executive Officer of GigaCloud Technology Inc, sale 14,190 shares at $36.88 during a trade that took place back on May 17 ’24, which means that Wu Lei is holding 100,000 shares at $523,325 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 0.18. Equity return is now at value 39.82, with 14.89 for asset returns.
Based on GigaCloud Technology Inc (GCT), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.48. The interest coverage ratio of the stock is 107.85.
Currently, EBITDA for the company is 116.87 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 13.92for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In summary, GigaCloud Technology Inc (GCT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
