GigaCloud Technology Inc (NASDAQ:GCT) price on Thursday, May 09,rose 1.48% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.72.
A look at the stock’s price movement, the close in the last trading session was $39.14. The PE ratio in trailing twelve months stood at 17.25. Turning to its 52-week performance, $45.18 and $5.11 were the 52-week high and 52-week low respectively. Overall, GCT moved 28.05% over the past month.
GigaCloud Technology Inc’s market cap currently stands at around $1.62 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GCT is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
GCT’s current price about 11.68% and 16.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.65, while 7-day volatility ratio is 10.65% and 9.77% in the 30-day chart. Further, GigaCloud Technology Inc (GCT) has a beta value of 2.02, and an average true range (ATR) of 3.56.
If we refocus on GigaCloud Technology Inc (NASDAQ:GCT), historical trading data shows that trading volumes averaged 3.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 31.46 million shares.
The 57.24% of GigaCloud Technology Inc’s shares are in the hands of company insiders while institutional holders own 16.66% of the company’s shares. Current price change has pushed the stock 117.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GCT stock continues to rise going into the next quarter.
