GigaCloud Technology Inc (NASDAQ:GCT) traded at $33.49 at close of the session on Monday, April 08, made a downward move of -3.63% on its previous day’s price.
Looking at the stock we see that its previous close was $34.75 . The company has a trailing 12-month PE ratio of 14.55. 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 lost about -1.21% over that past 30 days.
GigaCloud Technology Inc has a market cap of $1.36 billion and is expected to release its quarterly earnings report on Mar 15, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.51, with the EPS growth for the year raised at $2.78 for 2024 and $3.51 for next year. These figures represent 17.30% and 26.30% 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 $235 million, with a low of $235 million and a high of $235 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.11 billion, or 57.20% up from figures reported last year.
There have been 1 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 4.28% off its SMA20 and 7.07% from its 50-day simple moving average. The RSI (14) is pointing at 52.61 while the volatility over the past week is 11.55% and jumps to 13.21% over the past one month. The beta value is 2.10, while the average true range (ATR) is currently pointing at 4.04.
Coming back to GigaCloud Technology Inc (NASDAQ:GCT), we note that the average 3-month trading volume was 3.20 million, while that of the preceding 10-day period stands at 3.25 million. Current shares outstanding are 31.46 million.
The insiders hold 59.40% of the company’s shares while institutions hold 14.91%. The data shows that short shares as of Mar 15, 2024, stood at 2.6 million at a short ratio of 0.89. This represents a 6.37% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 2.26 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 83.06% up in year-to-date price movement.
