The trading price of GigaCloud Technology Inc (NASDAQ:GCT) floating higher at last check on current market day and closing at $23.91, 7.72% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $22.8 and $24.59. The company’s P/E ratio in the trailing 12-month period was 7.55, while its 5Y monthly beta was 1.776. In examining the 52-week price action we see that the stock hit a 52-week high of $45.18 and a 52-week low of $12.66. Over the past month, the stock has gained 0.40% in value.
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GigaCloud Technology Inc, whose market valuation is $896.62 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.88 per share this quarter, however they have predicted annual earnings per share of 3.57 for current year and 4.07 for next year.
Analysts have forecast the company to bring in revenue of 288.33M for the current quarter, with the likely lows of 285M and highs of 290M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.15B.
On the technical side, indicators suggest GCT has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that GCT’s price is currently 0.48% off the SMA20 and -1.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.96, and weekly volatility stands at 5.80%. When measured over the past 30 days, the indicator reaches 8.21%. GigaCloud Technology Inc (NASDAQ:GCT)’s beta value is currently sitting at 1.75, while the Average True Range indicator is currently displaying 1.84. With analysts defining $50-$50 as the low and high price targets, we arrive at a consensus price target of $50 for the trailing 12-month period. The current price is about -109.12% off the estimated low and -109.12% off the forecast high, based on this estimate. Investors will be thrilled if GCT’s share price rises to $50, which is the median consensus price. At that level, GCT’s share price would be -109.12% below current price.
To see how GigaCloud Technology Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: GCT stock’s performance was 7.72% at last check in today’s session, and 78.60% in the past year. GigaCloud Technology Inc has a P/E ratio of 7.55.
An evaluation of the daily trading volume of GigaCloud Technology Inc (NASDAQ:GCT) indicates that the 3-month average is 1.61 million. However, this figure has increased over the past 10 days to an average of 1.38.
Currently, records show that 33.30 million of the company’s shares remain outstanding. The insiders hold 39.35% of outstanding shares, whereas institutions hold 26.86%. The stats also highlight that short interest as of 2024-11-15, stood at 6.51 million shares, resulting in a short ratio of 4.58 at that time. From this, we can conclude that short interest is 3469.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 6.96 million. However, since the stock’s price has seen 30.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
