GigaCloud Technology Inc (NASDAQ: GCT) kicked off on Monday, up 7.91% from the previous trading day, before settling in for the closing price of $20.86. Over the past 52 weeks, GCT has traded in a range of $8.70-$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. While this was happening, its average annual earnings per share was recorded 44.35%. With a float of $24.70 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 26.13%, operating margin of 12.93%, and the pretax margin is 13.79%.
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 39.32%, while institutional ownership is 26.79%. The most recent insider transaction that took place on Nov 15 ’24, was worth 3,243,000. Before that another transaction happened on Nov 08 ’24, when Company’s Affiliates proposed sale 10,000 for $28.00, making the entire transaction worth $280,000.
GigaCloud Technology Inc (GCT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.87 earnings per share (EPS), higher than consensus estimate (set at 0.58) by 0.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.81 per share during the current fiscal year.
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
Take a look at GigaCloud Technology Inc’s (GCT) current performance indicators. Last quarter, stock had a quick ratio of 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.83. Likewise, its price to free cash flow for the trailing twelve months is 7.52.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.83 million. That was inferior than the volume of 2.23 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.87%. Additionally, its Average True Range was 2.00.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 36.96%, which indicates a significant increase from 26.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 116.71% in the past 14 days, which was higher than the 83.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.81, while its 200-day Moving Average is $28.60. However, in the short run, GigaCloud Technology Inc’s stock first resistance to watch stands at $23.12. Second resistance stands at $23.74. The third major resistance level sits at $24.92. If the price goes on to break the first support level at $21.32, it is likely to go to the next support level at $20.14. Assuming the price breaks the second support level, the third support level stands at $19.52.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
The company with the Market Capitalisation of 924.93 million has total of 41,363K 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 303,320 K and last quarter income was 40,690 K.
