GigaCloud Technology Inc (NASDAQ: GCT) open the trading on Wednesday, with great promise as it jumped 2.19% to $26.16, before settling in for the price of $25.60 at the close. Taking a more long-term approach, GCT posted a 52-week range of $4.93-$45.18.
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The Technology sector firm’s twelve-monthly sales growth has been 59.39% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 208.72%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 5.87%. This publicly-traded company’s shares outstanding now amounts to $31.46 million, simultaneously with a float of $17.53 million. The organization now has a market capitalization sitting at $1.07 billion. At the time of writing, stock’s 50-day Moving Average stood at $29.96, while the 200-day Moving Average is $15.78.
GigaCloud Technology Inc (GCT) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Software – Infrastructure industry. GigaCloud Technology Inc’s current insider ownership accounts for 57.01%, in contrast to 14.81% institutional ownership. According to the most recent insider trade that took place on Mar 19 ’24, this organization’s Director sold 133,097 shares at the rate of 30.38, making the entire transaction reach 4,043,793 in total value, affecting insider ownership by 5,764,302. Preceding that transaction, on Mar 19 ’24, Company’s Chief Financial Officer sold 2,619 for 30.50, making the whole transaction’s value amount to 79,880. This particular insider is now the holder of 27,803 in total.
GigaCloud Technology Inc (GCT) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 12/30/2023 suggests? It has posted $0.94 earnings per share (EPS) beating the forecaster’s viewpoint (set at $0.58) by $0.36. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
GigaCloud Technology Inc’s EPS increase for this current 12-month fiscal period is 5.87% and is forecasted to reach 3.05 in the upcoming year.
GigaCloud Technology Inc (NASDAQ: GCT) Trading Performance Indicators
Let’s observe the current performance indicators for GigaCloud Technology Inc (GCT). It’s Quick Ratio in the last reported quarter now stands at 1.31. The Stock has managed to achieve an average true range (ATR) of 4.19. Alongside those numbers, its PE Ratio stands at $11.36, and its Beta score is 2.34. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.52. Similarly, its price to free cash flow for trailing twelve months is now 8.43.
In the same vein, GCT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.30, a figure that is expected to reach 0.37 in the next quarter, and analysts are predicting that it will be 3.05 at the market close of one year from today.
Technical Analysis of GigaCloud Technology Inc (GCT)
[GigaCloud Technology Inc, GCT] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 3.95% While, its Average True Range was 4.10.
Raw Stochastic average of GigaCloud Technology Inc (GCT) in the period of the previous 100 days is set at 48.46%, which indicates a major rise in contrast to 5.18% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 185.52% that was higher than 127.22% volatility it exhibited in the past 100-days period.
