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The closing price of GigaCloud Technology Inc (NASDAQ: GCT) was $24.73 for the day, down -2.98% from the previous closing price of $25.49. In other words, the price has decreased by -$2.98 from its previous closing price. On the day, 0.76 million shares were traded. GCT stock price reached its highest trading level at $25.48 during the session, while it also had its lowest trading level at $24.62.
Ratios:
Our analysis of GCT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.24. 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:
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 Nov 15 ’24 when Dongsi Tou Tiao Limited Truste bought 150,000 shares for $21.62 per share.
LAU DAVID KWOK HEI bought 10,000 shares of GCT for $280,000 on Nov 08 ’24. On Jun 28 ’24, another insider, Lin Frank Hurst, who serves as the Director of the company, sold 149,693 shares for $30.19 each. As a result, the insider received 4,518,733 and left with 4,069,889 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 1013230144 and an Enterprise Value of 1257940992. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.81, and their Forward P/E ratio for the next fiscal year is 6.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 1.133 whereas that against EBITDA is 8.301.
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 $8.70. The 50-Day Moving Average of the stock is 4.51%, while the 200-Day Moving Average is calculated to be -13.12%.
Shares Statistics:
GCT traded an average of 1.61M shares per day over the past three months and 1649260 shares per day over the past ten days. A total of 31.46M shares are outstanding, with a floating share count of 24.69M. Insiders hold about 39.35% of the company’s shares, while institutions hold 26.83% stake in the company. Shares short for GCT as of 1731628800 were 6513683 with a Short Ratio of 3.92, compared to 1728950400 on 6961337. Therefore, it implies a Short% of Shares Outstanding of 6513683 and a Short% of Float of 34.69.
