GigaCloud Technology Inc (NASDAQ: GCT) has a price-to-earnings ratio that is above its average at 12.41x. The stock has a 36-month beta value of 1.81. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GCT is 20.73M, and at present, short sellers hold a 20.37% of that float. On July 03, 2024, the average trading volume of GCT was 2.48M shares.
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GCT) stock’s latest price update
The stock price of GigaCloud Technology Inc (NASDAQ: GCT) has surged by 1.62 when compared to previous closing price of 31.44, but the company has seen a 8.56% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-03 that In my opinion, GigaCloud has done all that was necessary to dispel the reputational risks around itself. CEO Larry Wu addressed allegations in an SA webinar, explaining the company’s unique business model and financial stability. I believe GCT’s great offering, robust balance sheet, and recent sales and earnings growth should eventually lead to the evaporation of the current valuation discount.
GCT’s Market Performance
GigaCloud Technology Inc (GCT) has experienced a 8.56% rise in stock performance for the past week, with a -1.90% drop in the past month, and a -10.38% drop in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are at 5.13% for GCT. The simple moving average for the last 20 days is 3.81% for GCT stock, with a simple moving average of 36.04% 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 -3.75% 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 -29.28% of loss for the given period.
Volatility was left at 5.13%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.78% lower at present.
During the last 5 trading sessions, GCT rose by +8.66%, which changed the moving average for the period of 200-days by +179.30% in comparison to the 20-day moving average, which settled at $30.81. In addition, GigaCloud Technology Inc saw 74.64% 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 149,693 shares at the price of $30.19 back on Jun 28 ’24. After this action, Lin Frank Hurst now owns 4,069,889 shares of GigaCloud Technology Inc, valued at $4,518,733 using the latest closing price.
Lin Frank Hurst, the Director of GigaCloud Technology Inc, sale 93,211 shares at $29.66 during a trade that took place back on Jun 27 ’24, which means that Lin Frank Hurst is holding 4,219,582 shares at $2,764,982 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 1.93. 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
To sum up, GigaCloud Technology Inc (GCT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
