The stock of GigaCloud Technology Inc (GCT) has seen a 17.07% increase in the past week, with a 57.23% gain in the past month, and a -14.43% decrease in the past quarter. The volatility ratio for the week is 8.94%, and the volatility levels for the past 30 days are at 7.89% for GCT. The simple moving average for the last 20 days is 31.49% for GCT’s stock, with a simple moving average of -4.03% for the last 200 days.
Is It Worth Investing in GigaCloud Technology Inc (NASDAQ: GCT) Right Now?
GigaCloud Technology Inc (NASDAQ: GCT) has a higher price-to-earnings ratio of 9.69x compared to its average ratio, The 36-month beta value for GCT is at 1.69. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GCT is 21.50M, and currently, shorts hold a 27.16% of that float. The average trading volume for GCT on October 07, 2024 was 1.49M shares.
GCT) stock’s latest price update
GigaCloud Technology Inc (NASDAQ: GCT)’s stock price has dropped by -5.04 in relation to previous closing price of 28.33. Nevertheless, the company has seen a gain of 17.07% in its stock price over the last five trading days. zacks.com reported 2024-10-04 that Given the fall in GCT shares, we examine its current position to determine whether to go for it or let it go.
Analysts’ Opinion of GCT
Many brokerage firms have already submitted their reports for GCT stocks, with Lake Street repeating the rating for GCT by listing it as a “Buy.” The predicted price for GCT in the upcoming period, according to Lake Street is $50 based on the research report published on July 29, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see GCT reach a price target of $69. The rating they have provided for GCT stocks is “Buy” according to the report published on May 22nd, 2024.
ROTH MKM gave a rating of “Buy” to GCT, setting the target price at $13 in the report published on June 16th of the previous year.
GCT Trading at 22.34% 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 -40.46% of loss for the given period.
Volatility was left at 7.89%, however, over the last 30 days, the volatility rate increased by 8.94%, as shares surge +49.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.27% lower at present.
During the last 5 trading sessions, GCT rose by +18.47%, which changed the moving average for the period of 200-days by +64.80% in comparison to the 20-day moving average, which settled at $20.91. In addition, GigaCloud Technology Inc saw 47.05% 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.
SCHROCK IMAN AJ, the President of GigaCloud Technology Inc, sale 5,000 shares at $30.21 during a trade that took place back on Jun 27 ’24, which means that SCHROCK IMAN AJ is holding 25,000 shares at $151,061 based on the most recent closing price.
Stock Fundamentals for GCT
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.27 for the gross margin
The net margin for GigaCloud Technology Inc stands at 0.12. The total capital return value is set at 0.17. Equity return is now at value 38.66, with 15.09 for asset returns.
Based on GigaCloud Technology Inc (GCT), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 290.48.
Currently, EBITDA for the company is 116.87 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 14.15for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.
Conclusion
In conclusion, GigaCloud Technology Inc (GCT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
