A new trading day began on Friday, with GigaCloud Technology Inc (NASDAQ: GCT) stock price down -3.89% from the previous day of trading, before settling in for the closing price of $18.53. GCT’s price has ranged from $11.17 to $34.28 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 56.85%. Meanwhile, its annual earnings per share averaged -21.15%. With a float of $22.23 million, this company’s outstanding shares have now reached $30.87 million.
The extent of productivity of a business whose workforce counts for 1561 workers is very important to gauge. 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
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 35.95%, while institutional ownership is 33.52%. 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
Here are GigaCloud Technology Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.52. Likewise, its price to free cash flow for the trailing twelve months is 4.46.
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)
The latest stats from [GigaCloud Technology Inc, GCT] show that its last 5-days average volume of 0.48 million was inferior to 0.95 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 43.32%. Additionally, its Average True Range was 0.77.
During the past 100 days, GigaCloud Technology Inc’s (GCT) raw stochastic average was set at 55.33%, which indicates a significant increase from 21.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.56% in the past 14 days, which was lower than the 65.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.49, while its 200-day Moving Average is $19.19. Now, the first resistance to watch is $18.21. This is followed by the second major resistance level at $18.61. The third major resistance level sits at $18.82. If the price goes on to break the first support level at $17.60, it is likely to go to the next support level at $17.39. Assuming the price breaks the second support level, the third support level stands at $16.99.
GigaCloud Technology Inc (NASDAQ: GCT) Key Stats
With a market capitalization of 618.03 million, the company has a total of 38,068K Shares Outstanding. Currently, annual sales are 1,161 M while annual income is 125,810 K. The company’s previous quarter sales were 271,910 K while its latest quarter income was 27,150 K.
