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After finishing at $22.43 in the prior trading day, GigaCloud Technology Inc (NASDAQ: GCT) closed at $22.50, up 0.31%. In other words, the price has increased by $0.31 from its previous closing price. On the day, 1.05 million shares were traded. GCT stock price reached its highest trading level at $23.27 during the session, while it also had its lowest trading level at $22.0.
Ratios:
Our goal is to gain a better understanding of GCT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.23.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 28 ’24 when Lin Frank Hurst sold 149,693 shares for $30.19 per share. The transaction valued at 4,518,733 led to the insider holds 4,069,889 shares of the business.
Lin Frank Hurst sold 93,211 shares of GCT for $2,764,982 on Jun 27 ’24. The Director now owns 4,219,582 shares after completing the transaction at $29.66 per share. On Jun 27 ’24, another insider, SCHROCK IMAN AJ, who serves as the President of the company, sold 5,000 shares for $30.21 each. As a result, the insider received 151,061 and left with 25,000 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 927769472 and an Enterprise Value of 1240556032. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.10, and their Forward P/E ratio for the next fiscal year is 5.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 2.60. Its current Enterprise Value per Revenue stands at 1.26 whereas that against EBITDA is 8.814.
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 $6.71. The 50-Day Moving Average of the stock is -23.80%, while the 200-Day Moving Average is calculated to be -13.71%.
Shares Statistics:
The stock has traded on average 1.78M shares per day over the past 3-months and 1429930 shares per day over the last 10 days, according to various share statistics. A total of 31.46M shares are outstanding, with a floating share count of 21.14M. Insiders hold about 48.08% of the company’s shares, while institutions hold 17.80% stake in the company. Shares short for GCT as of 1721001600 were 5251322 with a Short Ratio of 2.67, compared to 1718323200 on 4222060. Therefore, it implies a Short% of Shares Outstanding of 5251322 and a Short% of Float of 27.939999999999998.
