At the time of writing, GigaCloud Technology Inc [GCT] stock is trading at $34.69, down -5.76%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GCT shares have gain 9.26% over the last week, with a monthly amount glided 20.12%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of GigaCloud Technology Inc fluctuated between $4.93 and $45.18. GigaCloud Technology Inc [NASDAQ: GCT] shares were valued at $34.69 at the most recent close of the market.
Analyzing the GCT fundamentals
According to GigaCloud Technology Inc [NASDAQ:GCT], the company’s sales were 703.83M for trailing twelve months, which represents an 94.85% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.38 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.38.
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 33.23 points at the first support level, and at 31.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.76, and for the 2nd resistance point, it is at 38.84.
Ratios To Look Out For
It is important to note that GigaCloud Technology Inc [NASDAQ:GCT] has a current ratio of 1.91. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.92. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 4.87 and price to earnings (TTM) ratio is 15.07.
Transactions by insiders
Recent insider trading involved Wu Lei, Chief Executive Officer, that happened on Apr 17 ’24 when 44000.0 shares were sold. Chief Executive Officer, Wu Lei completed a deal on Apr 16 ’24 to sell 44000.0 shares. Meanwhile, Chief Executive Officer Wu Lei sold 44000.0 shares on Apr 15 ’24.
