GigaCloud Technology Inc (NASDAQ:GCT) price on Friday, December 27, fall -2.82% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.57.
A look at the stock’s price movement, the close in the last trading session was $18.08, moving within a range at $17.43 and $18.0544. The beta value (5-Year monthly) was 1.776 while the PE ratio in trailing twelve months stood at 5.55. Turning to its 52-week performance, $45.18 and $15.61 were the 52-week high and 52-week low respectively. Overall, GCT moved -28.95% over the past month.
GigaCloud Technology Inc’s market cap currently stands at around $719.87 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 288.33M for the company’s revenue for the quarter, with a low and high estimate of 285M and 290M respectively. The average forecast suggests up to a 17.81% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.15B, representing a 63.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GCT is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GCT’s current price about -15.81% and -23.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.80, while 7-day volatility ratio is 4.48% and 5.75% in the 30-day chart. Further, GigaCloud Technology Inc (GCT) has a beta value of 1.82, and an average true range (ATR) of 1.35. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $50 and high of $50. Looking at the price targets, the low is -184.58% off current price level while to achieve the yearly target high, price needs to move -184.58%. Nonetheless, investors will most likely welcome a -184.58% jump to $50 which is the analysts’ median price.
If we refocus on GigaCloud Technology Inc (NASDAQ:GCT), historical trading data shows that trading volumes averaged 1.05 over the past 10 days and 1.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 33.30 million shares.
The 32.73% of GigaCloud Technology Inc’s shares are in the hands of company insiders while institutional holders own 26.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.71 million on 2024-11-29, giving us a short ratio of 3.97. The data shows that as of 2024-11-29 short interest in GigaCloud Technology Inc (GCT) stood at 3039.0 of shares outstanding, with shares short falling to 6.32 million registered in 2024-10-31. Current price change has pushed the stock -3.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GCT stock continues to rise going into the next quarter.
