Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of GigaCloud Technology Inc (NASDAQ: GCT) was $18.18 for the day, up 1.39% from the previous closing price of $17.93. In other words, the price has increased by $1.39 from its previous closing price. On the day, 1.24 million shares were traded. GCT stock price reached its highest trading level at $19.38 during the session, while it also had its lowest trading level at $17.93.
Ratios:
Our analysis of GCT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 1.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Lake Street on July 29, 2024, initiated with a Buy rating and assigned the stock a target price of $50.
On May 22, 2024, Maxim Group started tracking the stock assigning a Buy rating and target price of $69.
On June 16, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $13.ROTH MKM initiated its Buy rating on June 16, 2023, with a $13 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 18 ’24 when WAN XIN sold 466 shares for $20.00 per share. The transaction valued at 9,320 led to the insider holds 0 shares of the business.
WAN XIN sold 68,437 shares of GCT for $1,398,103 on Dec 16 ’24. The Chief Technology Officer now owns 1,563 shares after completing the transaction at $20.43 per share. On Dec 17 ’24, another insider, WAN XIN, who serves as the Chief Technology Officer of the company, sold 1,097 shares for $20.05 each. As a result, the insider received 21,995 and left with 466 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GCT now has a Market Capitalization of 744865536 and an Enterprise Value of 979333760. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.74, and their Forward P/E ratio for the next fiscal year is 4.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 0.882 whereas that against EBITDA is 6.463.
Stock Price History:
Over the past 52 weeks, GCT has reached a high of $45.18, while it has fallen to a 52-week low of $14.57. The 50-Day Moving Average of the stock is -21.68%, while the 200-Day Moving Average is calculated to be -33.49%.
Shares Statistics:
GCT traded an average of 1.53M shares per day over the past three months and 1310460 shares per day over the past ten days. A total of 33.30M shares are outstanding, with a floating share count of 27.39M. Insiders hold about 32.73% of the company’s shares, while institutions hold 26.85% stake in the company. Shares short for GCT as of 1732838400 were 5705977 with a Short Ratio of 3.73, compared to 1730332800 on 6317806. Therefore, it implies a Short% of Shares Outstanding of 5705977 and a Short% of Float of 30.39.
