Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of GCT Semiconductor Holding Inc (NYSE: GCTS) was $1.60 for the day, down -2.44% from the previous closing price of $1.64. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 0.7 million shares were traded. GCTS stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.4705.
Ratios:
Our analysis of GCTS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.24 and its Current Ratio is at 0.29.
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, B. Riley Securities on August 28, 2024, initiated with a Buy rating and assigned the stock a target price of $8.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 26 ’24 when Anapass, Inc. bought 741,603 shares for $3.02 per share. The transaction valued at 2,239,641 led to the insider holds 8,017,466 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GCTS now has a Market Capitalization of 77194400 and an Enterprise Value of 119206368. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.45. Its current Enterprise Value per Revenue stands at 13.059 whereas that against EBITDA is -4.536.
Stock Price History:
The Beta on a monthly basis for GCTS is 1.22, which has changed by -0.76676387 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, GCTS has reached a high of $30.52, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is -21.70%, while the 200-Day Moving Average is calculated to be -45.69%.
Shares Statistics:
GCTS traded an average of 122.47K shares per day over the past three months and 236020 shares per day over the past ten days. A total of 47.99M shares are outstanding, with a floating share count of 30.24M. Insiders hold about 37.31% of the company’s shares, while institutions hold 6.40% stake in the company. Shares short for GCTS as of 1741910400 were 990657 with a Short Ratio of 8.09, compared to 1739491200 on 800712.
