Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, GigaCloud Technology Inc’s stock clocked out at $40.09, down -2.48% from its previous closing price of $41.11. In other words, the price has decreased by -$2.48 from its previous closing price. On the day, 2.76 million shares were traded. GCT stock price reached its highest trading level at $41.05 during the session, while it also had its lowest trading level at $36.9.
Ratios:
To gain a deeper understanding of GCT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.89. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 02 ’24 when Wu Lei sold 44,000 shares for $33.86 per share. The transaction valued at 1,489,716 led to the insider holds 621,816 shares of the business.
Wu Lei sold 44,000 shares of GCT for $1,388,250 on May 01 ’24. The Chief Executive Officer now owns 665,816 shares after completing the transaction at $31.55 per share. On Apr 30 ’24, another insider, Wu Lei, who serves as the Chief Executive Officer of the company, sold 44,000 shares for $31.87 each. As a result, the insider received 1,402,284 and left with 709,816 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 1635567744 and an Enterprise Value of 1855522688. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.41, and their Forward P/E ratio for the next fiscal year is 10.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 5.63. Its current Enterprise Value per Revenue stands at 2.636 whereas that against EBITDA is 15.97.
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 $5.00. The 50-Day Moving Average of the stock is 18.02%, while the 200-Day Moving Average is calculated to be 107.07%.
Shares Statistics:
It appears that GCT traded 2.98M shares on average per day over the past three months and 2560680 shares per day over the past ten days. A total of 31.46M shares are outstanding, with a floating share count of 17.30M. Insiders hold about 57.46% of the company’s shares, while institutions hold 16.35% stake in the company. Shares short for GCT as of 1713139200 were 2548140 with a Short Ratio of 0.86, compared to 1710460800 on 2597184. Therefore, it implies a Short% of Shares Outstanding of 2548140 and a Short% of Float of 14.680000000000001.
