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The closing price of GigaCloud Technology Inc (NASDAQ: GCT) was $31.44 for the day, down -1.75% from the previous closing price of $32.00. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 1.15 million shares were traded. GCT stock price reached its highest trading level at $32.72 during the session, while it also had its lowest trading level at $30.85.
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 6.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.88. 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:
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 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 1311683072 and an Enterprise Value of 1565047168. As of this moment, GigaCloud’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.21, and their Forward P/E ratio for the next fiscal year is 8.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 4.04. Its current Enterprise Value per Revenue stands at 1.892 whereas that against EBITDA is 11.605.
Stock Price History:
The Beta on a monthly basis for GCT is 1.80, which has changed by 3.2486486 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 -5.47%, while the 200-Day Moving Average is calculated to be 34.43%.
Shares Statistics:
GCT traded an average of 2.52M shares per day over the past three months and 1613300 shares per day over the past ten days. A total of 31.46M shares are outstanding, with a floating share count of 20.73M. Insiders hold about 49.06% of the company’s shares, while institutions hold 15.72% stake in the company. Shares short for GCT as of 1718323200 were 4222060 with a Short Ratio of 1.68, compared to 1715731200 on 3634373. Therefore, it implies a Short% of Shares Outstanding of 4222060 and a Short% of Float of 22.459999.
