GigaCloud Technology Inc (NASDAQ: GCT) has a higher price-to-earnings ratio of 7.39x compared to its average ratio, The 36-month beta value for GCT is at 1.74. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GCT is 24.70M, and currently, shorts hold a 25.58% of that float. The average trading volume for GCT on November 19, 2024 was 1.59M shares.
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GCT) stock’s latest price update
The stock of GigaCloud Technology Inc (NASDAQ: GCT) has increased by 4.01 when compared to last closing price of 22.51.Despite this, the company has seen a loss of -0.07% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-15 that I believe GigaCloud Technology’s recent stock dip is an overreaction; the company remains undervalued despite strong growth and exceeding Q3 2024 forecasts. GigaCloud’s diverse revenue streams, expanding market share, and strategic investments position it for future success, despite short-term margin impacts and geopolitical concerns. The company’s healthy balance sheet, no debt, and positive cash flow, along with ongoing European growth and Noble House integration, bolster its long-term prospects.
GCT’s Market Performance
GCT’s stock has fallen by -0.07% in the past week, with a monthly drop of -9.85% and a quarterly rise of 5.13%. The volatility ratio for the week is 9.69% while the volatility levels for the last 30 days are 7.56% for GigaCloud Technology Inc The simple moving average for the last 20 days is -0.78% for GCT’s stock, with a simple moving average of -18.09% for the last 200 days.
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 2.18% 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 -48.18% of loss for the given period.
Volatility was left at 7.56%, however, over the last 30 days, the volatility rate increased by 9.69%, as shares sank -13.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.06% upper at present.
During the last 5 trading sessions, GCT fell by -0.58%, which changed the moving average for the period of 200-days by -16.45% in comparison to the 20-day moving average, which settled at $23.59. In addition, GigaCloud Technology Inc saw 27.97% 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 Dongsi Tou Tiao Limited Truste, who proposed sale 150,000 shares at the price of $21.62 back on Nov 15 ’24. After this action, Dongsi Tou Tiao Limited Truste now owns shares of GigaCloud Technology Inc, valued at $3,243,000 using the latest closing price.
LAU DAVID KWOK HEI, the Affiliates of GigaCloud Technology Inc, proposed sale 10,000 shares at $28.00 during a trade that took place back on Nov 08 ’24, which means that LAU DAVID KWOK HEI is holding shares at $280,000 based on the most recent closing price.
Stock Fundamentals for GCT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.26 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 39.85, with 16.27 for asset returns.
Currently, EBITDA for the company is 119.11 million with net debt to EBITDA at 1.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 17.75for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
In conclusion, GigaCloud Technology Inc (GCT) has had a mixed 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.
