A new trading day began on Friday, with GigaCloud Technology Inc (NASDAQ: GCT) stock price down -3.28% from the previous day of trading, before settling in for the closing price of $20.10. GCT’s price has ranged from $6.71 to $45.18 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 59.39%. Meanwhile, its annual earnings per share averaged 36.43%. With a float of $21.37 million, this company’s outstanding shares have now reached $31.46 million.
Let’s determine the extent of company efficiency that accounts for 1362 employees. In terms of profitability, gross margin is 26.57%, operating margin of 13.66%, and the pretax margin is 13.71%.
GigaCloud Technology Inc (GCT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of GigaCloud Technology Inc is 47.99%, while institutional ownership is 20.71%. The most recent insider transaction that took place on Jun 28 ’24, was worth 4,518,733. In this transaction Director of this company sold 149,693 shares at a rate of $30.19, taking the stock ownership to the 4,069,889 shares. Before that another transaction happened on Jun 27 ’24, when Company’s President sold 5,000 for $30.21, making the entire transaction worth $151,061. This insider now owns 25,000 shares in total.
GigaCloud Technology Inc (GCT) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.59 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.43% per share during the next fiscal year.
GigaCloud Technology Inc (NASDAQ: GCT) Trading Performance Indicators
Here are GigaCloud Technology Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.81. Likewise, its price to free cash flow for the trailing twelve months is 7.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.78, a number that is poised to hit 0.74 in the next quarter and is forecasted to reach 4.00 in one year’s time.
Technical Analysis of GigaCloud Technology Inc (GCT)
Looking closely at GigaCloud Technology Inc (NASDAQ: GCT), its last 5-days average volume was 1.39 million, which is a drop from its year-to-date volume of 2.42 million. As of the previous 9 days, the stock’s Stochastic %D was 10.33%. Additionally, its Average True Range was 1.48.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 2.97%, which indicates a significant decrease from 13.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.65% in the past 14 days, which was lower than the 66.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.69, while its 200-day Moving Average is $27.00. However, in the short run, GigaCloud Technology Inc’s stock first resistance to watch stands at $20.14. Second resistance stands at $20.83. The third major resistance level sits at $21.52. If the price goes on to break the first support level at $18.76, it is likely to go to the next support level at $18.07. Should the price break the second support level, the third support level stands at $17.38.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
With a market capitalization of 798.79 million, the company has a total of 40,797K Shares Outstanding. Currently, annual sales are 703,830 K while annual income is 94,110 K. The company’s previous quarter sales were 310,870 K while its latest quarter income was 26,970 K.
