GigaCloud Technology Inc (NASDAQ:GCT) traded at $14.71 at last check on current trade day and made a downward move of -6.29% on its previous day’s price.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 259.8M, with a low of 257M and a high of 265M. The median projection represents growth squeezing down to 3.47% 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 1.18B, or 1.95% 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 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -18.87% off its SMA20 and -23.21% from its 50-day simple moving average. The RSI (14) is pointing at 29.42 while the volatility over the past week is 10.27% and jumps to 6.26% over the past one month. The beta value is 2.06, while the average true range (ATR) is currently pointing at 1.20. 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 -239.9% and -239.9% off the today’s price level respectively, although investors could be excited at the prospect of a -239.9% if the GCT share price touches on the median price of $50.
