On Monday, GigaCloud Technology Inc (NASDAQ: GCT) opened lower -4.29% from the last session, before settling in for the closing price of $24.70. Price fluctuations for GCT have ranged from $8.70 to $45.18 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 59.39% over the last five years. Company’s average yearly earnings per share was noted 44.35% at the time writing. With a float of $24.69 million, this company’s outstanding shares have now reached $33.30 million.
The firm has a total of 1362 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of GigaCloud Technology Inc is 39.35%, while institutional ownership is 26.82%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.87 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for GigaCloud Technology Inc (GCT). In the past quarter, the stock posted a quick ratio of 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.87. Likewise, its price to free cash flow for the trailing twelve months is 7.85.
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)
Analysing the last 5-days average volume posted by the [GigaCloud Technology Inc, GCT], we can find that recorded value of 0.91 million was lower than the volume posted last year of 2.19 million. As of the previous 9 days, the stock’s Stochastic %D was 65.28%. Additionally, its Average True Range was 1.82.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 51.15%, which indicates a significant decrease from 57.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.08% in the past 14 days, which was higher than the 84.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.02, while its 200-day Moving Average is $28.35. Now, the first resistance to watch is $24.90. This is followed by the second major resistance level at $26.17. The third major resistance level sits at $26.84. If the price goes on to break the first support level at $22.96, it is likely to go to the next support level at $22.29. Should the price break the second support level, the third support level stands at $21.02.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
There are currently 40,972K shares outstanding in the company with a market cap of 965.44 million. Presently, the company’s annual sales total 703,830 K according to its annual income of 94,110 K. Last quarter, the company’s sales amounted to 303,320 K and its income totaled 40,690 K.
