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After finishing at $20.80 in the prior trading day, GigaCloud Technology Inc (NASDAQ: GCT) closed at $20.86, up 0.29%. In other words, the price has increased by $0.29 from its previous closing price. On the day, 1.17 million shares were traded. GCT stock price reached its highest trading level at $21.26 during the session, while it also had its lowest trading level at $20.16.
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 3.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.97. 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:
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 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 854669696 and an Enterprise Value of 1099380736. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.58, and their Forward P/E ratio for the next fiscal year is 5.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 0.99 whereas that against EBITDA is 7.255.
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 -8.22%, while the 200-Day Moving Average is calculated to be -27.11%.
Shares Statistics:
The stock has traded on average 1.58M shares per day over the past 3-months and 1920770 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 24.75M. Insiders hold about 39.20% of the company’s shares, while institutions hold 26.79% stake in the company. Shares short for GCT as of 1730332800 were 6317806 with a Short Ratio of 4.00, compared to 1727654400 on 6898166. Therefore, it implies a Short% of Shares Outstanding of 6317806 and a Short% of Float of 33.64.
