GigaCloud Technology Inc (NASDAQ:GCT) shares, rose in value, with the stock price up by 1.25% to the previous day’s close as strong demand from buyers drove the stock to $36.36.
Actively observing the price movement in the last trading, the stock closed the session at $35.91. The PE ratio was 15.79 over 12-month period. Referring to stock’s 52-week performance, its high was $45.18, and the low was $4.93. On the whole, GCT has fluctuated by 42.03% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.11B, with a low estimate of 235M and a high estimate of 251M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 243M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GCT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GCT currently trading nearly 9.10% and 9.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.66, while the 7-day volatility ratio is showing 9.43% which for the 30-day chart, stands at 10.30%. Furthermore, GigaCloud Technology Inc (GCT)’s beta value is 1.87, and its average true range (ATR) is 3.60.
A comparison of GigaCloud Technology Inc (GCT) with its peers suggests the former has fared considerably weaker in the market. GCT showed an intraday change of 1.25% in last session, and over the past year, it grew by 586.04%%.
Data on historical trading for GigaCloud Technology Inc (NASDAQ:GCT) indicates that the trading volumes over the past 3 months, they’ve averaged 3.01 million. According to company’s latest data on outstanding shares, there are 31.46 million shares outstanding.
Nearly 59.05% of GigaCloud Technology Inc’s shares belong to company insiders and institutional investors own 16.09% of the company’s shares. The stock has risen by 98.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GCT stock heading into the next quarter.
