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The price of GigaCloud Technology Inc (NASDAQ: GCT) closed at $29.33 in the last session, down -0.44% from day before closing price of $29.46. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 1.04 million shares were traded. GCT stock price reached its highest trading level at $29.36 during the session, while it also had its lowest trading level at $28.19.
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 6.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.83. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.26.
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, Maxim Group on May 22, 2024, initiated with a Buy rating and assigned the stock a target price of $69.
On June 16, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $13.
On October 03, 2022, Aegis Capital started tracking the stock assigning a Buy rating and target price of $26.Aegis Capital initiated its Buy rating on October 03, 2022, with a $26 target price.
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 Jun 18 ’24 when Lin Frank Hurst sold 47,772 shares for $30.07 per share. The transaction valued at 1,436,628 led to the insider holds 4,604,866 shares of the business.
Lin Frank Hurst sold 130,607 shares of GCT for $3,945,946 on Jun 17 ’24. The Director now owns 4,652,638 shares after completing the transaction at $30.21 per share. On Jun 14 ’24, another insider, Lin Frank Hurst, who serves as the Director of the company, sold 107,818 shares for $31.00 each. As a result, the insider received 3,341,912 and left with 4,783,245 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 1202239616 and an Enterprise Value of 1478558080. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.39, and their Forward P/E ratio for the next fiscal year is 7.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 3.77. Its current Enterprise Value per Revenue stands at 1.788 whereas that against EBITDA is 10.964.
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 $6.70. The 50-Day Moving Average of the stock is -13.15%, while the 200-Day Moving Average is calculated to be 28.35%.
Shares Statistics:
According to the various share statistics, GCT traded on average about 2.66M shares per day over the past 3-months and 1411130 shares per day over the past 10 days. A total of 31.46M shares are outstanding, with a floating share count of 20.58M. Insiders hold about 49.88% of the company’s shares, while institutions hold 15.39% stake in the company. Shares short for GCT as of 1715731200 were 3634373 with a Short Ratio of 1.62, compared to 1713139200 on 2548140. Therefore, it implies a Short% of Shares Outstanding of 3634373 and a Short% of Float of 19.34.
