GigaCloud Technology Inc (NASDAQ: GCT) on Monday, plunged -3.69% from the previous trading day, before settling in for the closing price of $27.93. Within the past 52 weeks, GCT’s price has moved between $8.28 and $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%. The company achieved an average annual earnings per share of 44.35%. With a float of $25.04 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. In terms of profitability, gross margin is 26.13%, operating margin of 12.93%, and the pretax margin is 13.79%.
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 39.06%, while institutional ownership is 20.99%. The most recent insider transaction that took place on Nov 08 ’24, was worth 280,000. Before that another transaction happened on Jun 28 ’24, when Company’s Director sold 149,693 for $30.19, making the entire transaction worth $4,518,733. This insider now owns 4,069,889 shares in total.
GigaCloud Technology Inc (GCT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 44.35% 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 1.39 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 1.17. Likewise, its price to free cash flow for the trailing twelve months is 10.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.17, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 3.84 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 2.26 million was superior to 2.24 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 80.55%. Additionally, its Average True Range was 1.94.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 60.47%, which indicates a significant decrease from 71.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.86% in the past 14 days, which was higher than the 78.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.52, while its 200-day Moving Average is $28.65. Now, the first resistance to watch is $28.84. This is followed by the second major resistance level at $30.78. The third major resistance level sits at $32.35. If the price goes on to break the first support level at $25.32, it is likely to go to the next support level at $23.75. The third support level lies at $21.81 if the price breaches the second support level.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
Market capitalization of the company is 1.30 billion 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.
