GigaCloud Technology Inc (NASDAQ:GCT) price on Friday, June 13, fall -3.89% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.81.
A look at the stock’s price movement, the close in the last trading session was $18.53. The PE ratio in trailing twelve months stood at 5.81. Turning to its 52-week performance, $34.28 and $11.17 were the 52-week high and 52-week low respectively. Overall, GCT moved -5.01% over the past month.
GigaCloud Technology Inc’s market cap currently stands at around $618.03 million, with investors looking forward to this quarter’s earnings report slated for in July.
GCT’s current price about -3.01% and 14.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.27, while 7-day volatility ratio is 1.94% and 2.54% in the 30-day chart. Further, GigaCloud Technology Inc (GCT) has a beta value of 2.35, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $15. Looking at the price targets, the low is 15.78% off current price level while to achieve the yearly target high, price needs to move 15.78%. Nonetheless, investors will most likely welcome a 15.78% jump to $15 which is the analysts’ median price.
If we refocus on GigaCloud Technology Inc (NASDAQ:GCT), historical trading data shows that trading volumes averaged 844.54K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.87 million shares.
The 35.95% of GigaCloud Technology Inc’s shares are in the hands of company insiders while institutional holders own 33.52% of the company’s shares. Current price change has pushed the stock -3.83% 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.
