The trading price of GigaCloud Technology Inc (NASDAQ:GCT) closed higher on Monday, April 22, closing at $37.09, 6.92% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 16.11. In examining the 52-week price action we see that the stock hit a 52-week high of $45.18 and a 52-week low of $4.93. Over the past month, the stock has gained 21.73% in value.
GigaCloud Technology Inc, whose market valuation is $1.51 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.62 per share this quarter, however they have predicted annual earnings per share of $2.9 for 2024 and $3.63 for 2025. It means analysts are expecting annual earnings per share growth of 22.40% this year and 25.20% next year.
Analysts have forecast the company to bring in revenue of $243 million for the current quarter, with the likely lows of $235 million and highs of $251 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.11 billion. The company’s revenue is forecast to grow by 57.50% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of GigaCloud Technology Inc no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GCT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that GCT’s price is currently 16.49% off the SMA20 and 12.51% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.45, and weekly volatility stands at 11.42%. When measured over the past 30 days, the indicator reaches 10.37%. GigaCloud Technology Inc (NASDAQ:GCT)’s beta value is currently sitting at 1.75, while the Average True Range indicator is currently displaying 3.71.
To see how GigaCloud Technology Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GCT stock’s performance was 6.92% in the latest trading, and 599.81% in the past year. GigaCloud Technology Inc has a P/E ratio of 16.11.
An evaluation of the daily trading volume of GigaCloud Technology Inc (NASDAQ:GCT) indicates that the 3-month average is 3.00 million.
Currently, records show that 31.46 million of the company’s shares remain outstanding. The insiders hold 59.41% of outstanding shares, whereas institutions hold 15.58%. However, since the stock’s price has seen 102.73% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
