GigaCloud Technology Inc (NASDAQ: GCT) on Friday, plunged -5.84% from the previous trading day, before settling in for the closing price of $22.27. Within the past 52 weeks, GCT’s price has moved between $11.17 and $29.75.
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A company in the Technology sector has jumped its sales by 160.76% annually for the last half of the decade. The company achieved an average annual earnings per share of -21.15%. With a float of $22.59 million, this company’s outstanding shares have now reached $30.87 million.
In an organization with 1561 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 23.9%, operating margin of 10.52%, and the pretax margin is 11.83%.
GigaCloud Technology Inc (GCT) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of GigaCloud Technology Inc is 35.95%, while institutional ownership is 33.55%. The most recent insider transaction that took place on Dec 27 ’24, was worth 87,500. In this transaction Head of BaaS Program of this company bought 5,000 shares at a rate of $17.50, taking the stock ownership to the 45,000 shares. Before that another transaction happened on Dec 18 ’24, when Company’s Chief Technology Officer sold 466 for $20.00, making the entire transaction worth $9,320. This insider now owns 0 shares in total.
GigaCloud Technology Inc (GCT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -21.15% 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 1.28 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 0.62. Likewise, its price to free cash flow for the trailing twelve months is 5.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.07, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.75 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 0.55 million. That was inferior than the volume of 0.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.44%.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 69.45%, which indicates a significant increase from 15.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.02 in the past 14 days, which was higher than the 0.84 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.96, while its 200-day Moving Average is $19.17. However, in the short run, GigaCloud Technology Inc’s stock first resistance to watch stands at $21.50. Second resistance stands at $22.02. The third major resistance level sits at $22.42. If the price goes on to break the first support level at $20.58, it is likely to go to the next support level at $20.18. Assuming the price breaks the second support level, the third support level stands at $19.66.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
Market capitalization of the company is 727.68 million based on 38,068K outstanding shares. Right now, sales total 1,161 M and income totals 125,810 K. The company made 271,910 K in profit during its latest quarter, and 27,150 K in sales during its previous quarter.
