GigaCloud Technology Inc (NASDAQ: GCT) on Tuesday, plunged -1.18% from the previous trading day, before settling in for the closing price of $24.55. Within the past 52 weeks, GCT’s price has moved between $8.28 and $45.18.
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A company in the Technology sector has jumped its sales by 59.39% annually for the last half of the decade. The company achieved an average annual earnings per share of 41.30%. With a float of $21.50 million, this company’s outstanding shares have now reached $31.46 million.
In an organization with 1362 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of GigaCloud Technology Inc is 47.67%, while institutional ownership is 19.72%. 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) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.59 earnings per share (EPS) for the period topping the consensus outlook (set at 0.38) by 0.21. 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 41.30% per share during the next fiscal year.
GigaCloud Technology Inc (NASDAQ: GCT) Trading Performance Indicators
GigaCloud Technology Inc (GCT) is currently performing well based on its current performance indicators. A quick ratio of 1.19 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01. Likewise, its price to free cash flow for the trailing twelve months is 8.85.
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 4.01 in one year’s time.
Technical Analysis of GigaCloud Technology Inc (GCT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.01 million. That was inferior than the volume of 2.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.01%. Additionally, its Average True Range was 1.66.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 46.33%, which indicates a significant increase from 30.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.14% in the past 14 days, which was lower than the 72.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.00, while its 200-day Moving Average is $28.56. However, in the short run, GigaCloud Technology Inc’s stock first resistance to watch stands at $24.66. Second resistance stands at $25.05. The third major resistance level sits at $25.53. If the price goes on to break the first support level at $23.79, it is likely to go to the next support level at $23.31. The third support level lies at $22.92 if the price breaches the second support level.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
Market capitalization of the company is 996.84 million based on 41,363K outstanding shares. Right now, sales total 703,830 K and income totals 94,110 K. The company made 310,870 K in profit during its latest quarter, and 26,970 K in sales during its previous quarter.
