GigaCloud Technology Inc (NASDAQ:GCT) traded at $25.49 at close of the session on current trade day and made a downward move of -0.04% on its previous day’s price.
Looking at the stock we see that its previous close was $25.50 and the beta (5Y monthly) reads 1.776 with the day’s price range being $25.1144 – $26.098. The company has a trailing 12-month PE ratio of 8.05. In terms of its 52-week price range, GCT has a high of $45.18 and a low of $8.70. The company’s stock has gained about 5.46% over that past 30 days.
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GigaCloud Technology Inc has a market cap of $1.10 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of 0.87, with the EPS growth for the year raised at 3.93 for current year and 3.93 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 287.5M, with a low of 285M and a high of 290M. The median projection represents growth squeezing down to 17.47% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.15B, or 63.78% up from figures reported last year.
On the other hand, looking at the outlook for the GCT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 8.00% off its SMA20 and 8.40% from its 50-day simple moving average. The RSI (14) is pointing at 55.67 while the volatility over the past week is 9.23% and jumps to 8.03% over the past one month. The beta value is 1.78, while the average true range (ATR) is currently pointing at 2.02. The average price target for the stock over the next 12 months is $50, with the estimates having a low of $50 and a high of $50. These price ends are -96.16% and -96.16% off the current price level respectively, although investors could be excited at the prospect of a -96.16% if the GCT share price touches on the median price of $50.
Coming back to GigaCloud Technology Inc (NASDAQ:GCT), we note that the average 3-month trading volume was 1.62 million, while that of the preceding 10-day period stands at 1.74 million. Current shares outstanding are 31.46 million.
The insiders hold 39.21% of the company’s shares while institutions hold 26.96%. The data shows that short shares as of 2024-10-31, stood at 6.32 million at a short ratio of 4.35. This represents a 3364.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 6.9 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 39.33% up in year-to-date price movement.
