GigaCloud Technology Inc (NASDAQ: GCT) kicked off on Monday, up 6.92% from the previous trading day, before settling in for the closing price of $34.69. Over the past 52 weeks, GCT has traded in a range of $4.93-$45.18.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 59.39%. While this was happening, its average annual earnings per share was recorded 26.52%. With a float of $16.51 million, this company’s outstanding shares have now reached $31.46 million.
The extent of productivity of a business whose workforce counts for 1362 workers is very important to gauge.
GigaCloud Technology Inc (GCT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of GigaCloud Technology Inc is 59.41%, while institutional ownership is 15.58%. The most recent insider transaction that took place on Apr 19 ’24, was worth 511,751. In this transaction Chief Executive Officer of this company sold 14,177 shares at a rate of $36.10, taking the stock ownership to the 1,047,639 shares. Before that another transaction happened on Apr 18 ’24, when Company’s Chief Executive Officer sold 44,000 for $36.47, making the entire transaction worth $1,604,702. This insider now owns 1,061,816 shares in total.
GigaCloud Technology Inc (GCT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 26.52% per share during the next fiscal year.
GigaCloud Technology Inc (NASDAQ: GCT) Trading Performance Indicators
Take a look at GigaCloud Technology Inc’s (GCT) current performance indicators. Last quarter, stock had a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.14. Likewise, its price to free cash flow for the trailing twelve months is 11.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.30, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 3.65 in one year’s time.
Technical Analysis of GigaCloud Technology Inc (GCT)
The latest stats from [GigaCloud Technology Inc, GCT] show that its last 5-days average volume of 3.1 million was inferior to 3.13 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 70.50%. Additionally, its Average True Range was 3.71.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 77.82%, which indicates a significant decrease from 81.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.11% in the past 14 days, which was lower than the 131.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.12, while its 200-day Moving Average is $17.98. Now, the first resistance to watch is $38.18. This is followed by the second major resistance level at $39.27. The third major resistance level sits at $41.34. If the price goes on to break the first support level at $35.02, it is likely to go to the next support level at $32.95. Assuming the price breaks the second support level, the third support level stands at $31.86.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
The company with the Market Capitalisation of 1.51 billion has total of 40,685K Shares Outstanding. Its annual sales at the moment are 703,830 K in contrast with the sum of 94,110 K annual income. Company’s last quarter sales were recorded 244,740 K and last quarter income was 35,580 K.
