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The closing price of GigaCloud Technology Inc (NASDAQ: GCT) was $37.00 for the day, down -0.24% from the previous closing price of $37.09. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 3.79 million shares were traded. GCT stock price reached its highest trading level at $39.1899 during the session, while it also had its lowest trading level at $35.0113.
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 8.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 1.39 whereas as Long-Term Debt/Eq ratio is at 1.18.
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, ROTH MKM on June 16, 2023, initiated with a Buy rating and assigned the stock a target price of $13.
On October 03, 2022, Aegis Capital started tracking the stock assigning a Buy rating and target price of $26.
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 Apr 19 ’24 when Wu Lei sold 29,823 shares for $34.55 per share. The transaction valued at 1,030,295 led to the insider holds 1,017,816 shares of the business.
Wu Lei sold 14,177 shares of GCT for $511,751 on Apr 19 ’24. The Chief Executive Officer now owns 1,047,639 shares after completing the transaction at $36.10 per share. On Apr 18 ’24, another insider, Wu Lei, who serves as the Chief Executive Officer of the company, sold 44,000 shares for $36.47 each. As a result, the insider received 1,604,702 and left with 1,061,816 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 1509503744 and an Enterprise Value of 1733130496. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.07, and their Forward P/E ratio for the next fiscal year is 10.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 5.20. Its current Enterprise Value per Revenue stands at 2.462 whereas that against EBITDA is 14.917.
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 $4.93. The 50-Day Moving Average of the stock is 11.73%, while the 200-Day Moving Average is calculated to be 105.83%.
Shares Statistics:
GCT traded an average of 3.00M shares per day over the past three months and 2903260 shares per day over the past ten days. A total of 31.46M shares are outstanding, with a floating share count of 16.60M. Insiders hold about 59.19% of the company’s shares, while institutions hold 15.82% stake in the company. Shares short for GCT as of 1711584000 were 2806631 with a Short Ratio of 0.94, compared to 1709164800 on 2534804. Therefore, it implies a Short% of Shares Outstanding of 2806631 and a Short% of Float of 15.340000000000002.
