A new trading day began on Monday, with GigaCloud Technology Inc (NASDAQ: GCT) stock price up 4.32% from the previous day of trading, before settling in for the closing price of $22.20. GCT’s price has ranged from $12.66 to $45.18 over the past 52 weeks.
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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%. Meanwhile, its annual earnings per share averaged 70.87%. With a float of $24.69 million, this company’s outstanding shares have now reached $33.30 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
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 39.35%, while institutional ownership is 26.86%. The most recent insider transaction that took place on Dec 06 ’24, was worth 1,771,200. In this transaction Chief Technology Officer of this company sold 80,000 shares at a rate of $22.14, taking the stock ownership to the 867,540 shares. Before that another transaction happened on Dec 05 ’24, when Company’s Director proposed sale 66,046 for $21.80, making the entire transaction worth $1,439,803.
GigaCloud Technology Inc (GCT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 70.87% 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 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78. Likewise, its price to free cash flow for the trailing twelve months is 7.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.17, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 3.86 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 1.93 million was inferior to 2.18 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 28.93%. Additionally, its Average True Range was 1.84.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 52.69%, which indicates a significant increase from 35.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.05% in the past 14 days, which was lower than the 86.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.36, while its 200-day Moving Average is $28.16. Now, the first resistance to watch is $24.23. This is followed by the second major resistance level at $25.31. The third major resistance level sits at $26.02. If the price goes on to break the first support level at $22.44, it is likely to go to the next support level at $21.73. The third support level lies at $20.65 if the price breaches the second support level.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
With a market capitalization of 868.33 million, the company has a total of 40,972K Shares Outstanding. Currently, annual sales are 703,830 K while annual income is 94,110 K. The company’s previous quarter sales were 303,320 K while its latest quarter income was 40,690 K.
