Market Highlights: GigaCloud Technology Inc (GCT) Ends on a Low Note at 30.10

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The price of GigaCloud Technology Inc (NASDAQ: GCT) closed at $30.10 in the last session, down -5.88% from day before closing price of $31.98. In other words, the price has decreased by -$5.88 from its previous closing price. On the day, 1.82 million shares were traded. GCT stock price reached its highest trading level at $31.95 during the session, while it also had its lowest trading level at $29.84.


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 6.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.42. 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 May 17 ’24 when Lin Frank Hurst sold 149,864 shares for $37.37 per share. The transaction valued at 5,600,807 led to the insider holds 5,245,067 shares of the business.

Wu Lei sold 14,190 shares of GCT for $523,325 on May 17 ’24. The Chief Executive Officer now owns 100,000 shares after completing the transaction at $36.88 per share. On May 16 ’24, another insider, Lin Frank Hurst, who serves as the Director of the company, sold 40,134 shares for $36.21 each. As a result, the insider received 1,453,206 and left with 5,394,931 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 1310864000 and an Enterprise Value of 1509023488. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.69, and their Forward P/E ratio for the next fiscal year is 7.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 3.86. Its current Enterprise Value per Revenue stands at 1.824 whereas that against EBITDA is 11.19.

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 -10.92%, while the 200-Day Moving Average is calculated to be 37.28%.

Shares Statistics:

According to the various share statistics, GCT traded on average about 3.06M shares per day over the past 3-months and 2012260 shares per day over the past 10 days. A total of 31.46M shares are outstanding, with a floating share count of 19.43M. Insiders hold about 52.26% of the company’s shares, while institutions hold 15.44% stake in the company. Shares short for GCT as of 1715731200 were 3634373 with a Short Ratio of 1.19, compared to 1713139200 on 2548140. Therefore, it implies a Short% of Shares Outstanding of 3634373 and a Short% of Float of 19.34.

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