The price-to-earnings ratio for GigaCloud Technology Inc (NASDAQ: GCT) is above average at 11.58x, Company’s 36-month beta value is 1.79.Analysts have differing 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 20.21M, and currently, short sellers hold a 21.28% ratio of that floaft. The average trading volume of GCT on June 18, 2024 was 2.87M shares.
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GCT) stock’s latest price update
The stock price of GigaCloud Technology Inc (NASDAQ: GCT) has dropped by -0.81 compared to previous close of 30.06. Despite this, the company has seen a fall of -9.43% in its stock price over the last five trading days. zacks.com reported 2024-06-18 that GigaCloud Technology Inc. (GCT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
GCT’s Market Performance
GigaCloud Technology Inc (GCT) has experienced a -9.43% fall in stock performance for the past week, with a -16.62% drop in the past month, and a 1.00% rise in the past quarter. The volatility ratio for the week is 6.09%, and the volatility levels for the past 30 days are at 6.55% for GCT. The simple moving average for the past 20 days is -5.26% for GCT’s stock, with a 31.44% simple moving average for the past 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 -12.00% 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 -34.01% of loss for the given period.
Volatility was left at 6.55%, however, over the last 30 days, the volatility rate increased by 6.09%, as shares sank -8.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.14% lower at present.
During the last 5 trading sessions, GCT fell by -9.60%, which changed the moving average for the period of 200-days by +137.89% in comparison to the 20-day moving average, which settled at $31.33. In addition, GigaCloud Technology Inc saw 62.97% 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 107,818 shares at the price of $31.00 back on Jun 14 ’24. After this action, Lin Frank Hurst now owns 4,783,245 shares of GigaCloud Technology Inc, valued at $3,341,912 using the latest closing price.
Lin Frank Hurst, the Director of GigaCloud Technology Inc, sale 87,045 shares at $32.23 during a trade that took place back on Jun 13 ’24, which means that Lin Frank Hurst is holding 4,891,063 shares at $2,805,571 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 1.81. 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 a nutshell, GigaCloud Technology Inc (GCT) has experienced a mixed performance in recent times. The stock has received mixed “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.
