GigaCloud Technology Inc (NASDAQ:GCT) traded at $35.51 at last check on Monday, March 18, made a downward move of -17.72% on its previous day’s price.
Looking at the stock we see that its previous close was $43.15. The company has a trailing 12-month PE ratio of 15.42. In terms of its 52-week price range, GCT has a high of $45.18 and a low of $4.93. The company’s stock has gained about 9.31% over that past 30 days.
GigaCloud Technology Inc has a market cap of $1.45 billion and is expected to release its quarterly earnings report on Mar 18, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.37, with the EPS growth for the year raised at $2.41 for 2024 and $3 for next year. These figures represent 1.70% and 24.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $210.2 million, with a low of $210.2 million and a high of $210.2 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.03 billion, or 46.40% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GCT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 1.27% off its SMA20 and 23.45% from its 50-day simple moving average. The RSI (14) is pointing at 52.28 while the volatility over the past week is 17.02% and jumps to 16.34% over the past one month. The beta value is 2.38, while the average true range (ATR) is currently pointing at 4.85.
Coming back to GigaCloud Technology Inc (NASDAQ:GCT), we note that the average 3-month trading volume was 2.85 million, while that of the preceding 10-day period stands at 3.07 million. Current shares outstanding are 31.46 million.
The insiders hold 57.35% of the company’s shares while institutions hold 14.78%. The data shows that short shares as of Feb 29, 2024, stood at 2.53 million at a short ratio of 0.99. This represents a 6.22% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 1.81 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 94.07% up in year-to-date price movement.
