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As of close of business last night, GigaCloud Technology Inc’s stock clocked out at $22.20, down -8.49% from its previous closing price of $24.26. In other words, the price has decreased by -$8.49 from its previous closing price. On the day, 4.57 million shares were traded. GCT stock price reached its highest trading level at $22.5 during the session, while it also had its lowest trading level at $21.51.
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 3.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.77. 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:
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 Dec 05 ’24 when DCM AFFILIATES FUND IV LP bought 66,046 shares for $21.80 per share.
DCM IV LP bought 2,597,030 shares of GCT for $56,615,254 on Dec 05 ’24. On Nov 15 ’24, another insider, Dongsi Tou Tiao Limited Truste, who serves as the Officer of the company, bought 150,000 shares for $21.62 each.
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 909571776 and an Enterprise Value of 1154282752. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.01, and their Forward P/E ratio for the next fiscal year is 5.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 1.04 whereas that against EBITDA is 7.617.
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 $12.66. The 50-Day Moving Average of the stock is -8.92%, while the 200-Day Moving Average is calculated to be -21.30%.
Shares Statistics:
It appears that GCT traded 1.56M shares on average per day over the past three months and 1375240 shares per day over the past ten days. A total of 33.30M shares are outstanding, with a floating share count of 24.69M. Insiders hold about 39.35% of the company’s shares, while institutions hold 26.86% stake in the company. Shares short for GCT as of 1731628800 were 6513683 with a Short Ratio of 4.19, compared to 1728950400 on 6961337. Therefore, it implies a Short% of Shares Outstanding of 6513683 and a Short% of Float of 34.69.
