The price of GigaCloud Technology Inc (NASDAQ: GCT) closed at $26.91 in the last session, down -11.68% from day before closing price of $30.47. In other words, the price has decreased by -$3.56 from its previous closing price. On the day, 3245310 shares were traded. GCT stock price reached its highest trading level at $30.37 during the session, while it also had its lowest trading level at $26.72.
Ratios:
We take a closer look at GCT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 1.38 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 19 ’24 when Lin Frank Hurst sold 133,097 shares for $30.38 per share. The transaction valued at 4,043,793 led to the insider holds 5,764,302 shares of the business.
LAU DAVID KWOK HEI sold 2,619 shares of GCT for $79,880 on Mar 19 ’24. The Chief Financial Officer now owns 27,803 shares after completing the transaction at $30.50 per share. On Mar 19 ’24, another insider, Hao Xinyan, who serves as the Chief Operating Officer of the company, sold 1,088 shares for $32.36 each. As a result, the insider received 35,203 and left with 1,148,912 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 1.10B and an Enterprise Value of 1.05B. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.69, and their Forward P/E ratio for the next fiscal year is 8.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 3.78. Its current Enterprise Value per Revenue stands at 1.79 whereas that against EBITDA is 11.67.
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 29.60, while the 200-Day Moving Average is calculated to be 15.49.
Shares Statistics:
According to the various share statistics, GCT traded on average about 3.08M shares per day over the past 3-months and 4.41M shares per day over the past 10 days. A total of 31.46M shares are outstanding, with a floating share count of 17.53M. Insiders hold about 57.34% of the company’s shares, while institutions hold 14.81% stake in the company. Shares short for GCT as of Feb 29, 2024 were 2.53M with a Short Ratio of 0.82, compared to 1.81M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.22% and a Short% of Float of 13.88%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.37 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.37, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.53, with high estimates of $0.53 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.59 and $2.28 for the fiscal current year, implying an average EPS of $2.43. EPS for the following year is $3.05, with 2 analysts recommending between $3.38 and $2.72.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for GCT’s current fiscal year. The highest revenue estimate was $1.11B, while the lowest revenue estimate was $1.01B, resulting in an average revenue estimate of $1.06B. In the same quarter a year ago, actual revenue was $703.83M, up 50.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.23B in the next fiscal year. The high estimate is $1.35B and the low estimate is $1.11B. The average revenue growth estimate for next year is up 16.30% from the average revenue estimate for this year.
