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As of close of business last night, GigaCloud Technology Inc’s stock clocked out at $25.21, up 9.70% from its previous closing price of $22.98. In other words, the price has increased by $9.70 from its previous closing price. On the day, 2.53 million shares were traded. GCT stock price reached its highest trading level at $25.29 during the session, while it also had its lowest trading level at $22.4.
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 4.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.23.
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:
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 Jun 28 ’24 when Lin Frank Hurst sold 149,693 shares for $30.19 per share. The transaction valued at 4,518,733 led to the insider holds 4,069,889 shares of the business.
SCHROCK IMAN AJ sold 5,000 shares of GCT for $151,061 on Jun 27 ’24. The President now owns 25,000 shares after completing the transaction at $30.21 per share. On Jun 26 ’24, another insider, Lin Frank Hurst, who serves as the Director of the company, sold 134,559 shares for $29.99 each. As a result, the insider received 4,035,073 and left with 4,312,793 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 1042758656 and an Enterprise Value of 1352645504. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.08, and their Forward P/E ratio for the next fiscal year is 6.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 2.91. Its current Enterprise Value per Revenue stands at 1.373 whereas that against EBITDA is 9.61.
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 $7.71. The 50-Day Moving Average of the stock is 14.15%, while the 200-Day Moving Average is calculated to be -9.25%.
Shares Statistics:
It appears that GCT traded 1.42M shares on average per day over the past three months and 2218680 shares per day over the past ten days. A total of 31.46M shares are outstanding, with a floating share count of 21.50M. Insiders hold about 47.67% of the company’s shares, while institutions hold 20.84% stake in the company. Shares short for GCT as of 1726185600 were 5839850 with a Short Ratio of 4.12, compared to 1723680000 on 5632581. Therefore, it implies a Short% of Shares Outstanding of 5839850 and a Short% of Float of 30.459999999999997.
