GigaCloud Technology Inc [GCT] stock prices are up 2.88% to $37.90 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GCT shares have gain 3.44% over the last week, with a monthly amount glided 20.16%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, GigaCloud Technology Inc to Announce Fourth Quarter and Full Year 2023 Financial Results on March 15, 2024. In a post published today on Yahoo Finance, GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Friday, March 15, 2024. The Company will host a conference call to discuss its financial results on Monday, March 18, 2024 at 8:30 AM Eastern Time.
From an analyst’s perspective:
GigaCloud Technology Inc [NASDAQ: GCT] stock has seen the most recent analyst activity on June 16, 2023, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $13. Previously, Aegis Capital started tracking the stock with Buy rating on October 03, 2022, and set its price target to $26.
The stock price of GigaCloud Technology Inc [GCT] has been fluctuating between $4.88 and $43.56 over the past year. GigaCloud Technology Inc [NASDAQ: GCT] shares were valued at $37.90 at the most recent close of the market.
Analyzing the GCT fundamentals
The GigaCloud Technology Inc [NASDAQ:GCT] reported sales of 584.70M for trailing twelve months, representing a surge of 39.20%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.32 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.37 points at the first support level, and at 34.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.42, and for the 2nd resistance point, it is at 40.93.
GigaCloud Technology Inc [GCT] reported earnings per share of $0.59 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of $0.21 and a surprise factor of 55.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.45 per share as compared to estimates of $0.37 per share, a difference of $0.08 representing a surprise of 21.60%.
Ratios To Look Out For
It’s worth pointing out that GigaCloud Technology Inc [NASDAQ:GCT]’s Current Ratio is 2.43. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 1.52. Considering the valuation of this stock, the price to sales ratio is 2.64, the price to book ratio is 6.08 and price to earnings (TTM) ratio is 21.31.
