GigaCloud Technology Inc [GCT] stock prices are up 2.34% to $30.12 at the moment. 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 2.24% over the last week, with a monthly amount drifted -1.63%, and not 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 May 22, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $69. Previously, ROTH MKM started tracking the stock with Buy rating on June 16, 2023, and set its price target to $13. On October 03, 2022, Aegis Capital initiated with a Buy rating and assigned a price target of $26 on the stock.
The stock price of GigaCloud Technology Inc [GCT] has been fluctuating between $6.70 and $45.18 over the past year. GigaCloud Technology Inc [NASDAQ: GCT] shares were valued at $30.12 at the most recent close of the market.
Analyzing the GCT fundamentals
The GigaCloud Technology Inc [NASDAQ:GCT] reported sales of 827.11M for trailing twelve months, representing a surge of 96.47%. 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 0.39 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.48.
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 29.41 points at the first support level, and at 28.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.57, and for the 2nd resistance point, it is at 31.01.
Ratios To Look Out For
It’s worth pointing out that GigaCloud Technology Inc [NASDAQ:GCT]’s Current Ratio is 1.83. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 3.87 and price to earnings (TTM) ratio is 11.70.
Transactions by insiders
Recent insider trading involved Lin Frank Hurst, Director, that happened on Jun 25 ’24 when 81537.0 shares were sold. Director, Lin Frank Hurst completed a deal on Jun 24 ’24 to sell 59984.0 shares. Meanwhile, Director Lin Frank Hurst sold 15993.0 shares on Jun 20 ’24.
