At the time of writing, GigaCloud Technology Inc [GCT] stock is trading at $29.43, up 3.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GCT shares have gain 9.08% over the last week, with a monthly amount drifted -8.03%, 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 July 29, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $50. Previously, Maxim Group started tracking the stock with Buy rating on May 22, 2024, and set its price target to $69. On June 16, 2023, ROTH MKM initiated with a Buy rating and assigned a price target of $13 on the stock. Aegis Capital started tracking the stock assigning a Buy rating and suggested a price target of $26 on October 03, 2022.
For the past year, the stock price of GigaCloud Technology Inc fluctuated between $6.71 and $45.18. Currently, Wall Street analysts expect the stock to reach $50 within the next 12 months. GigaCloud Technology Inc [NASDAQ: GCT] shares were valued at $29.43 at the most recent close of the market. An investor can expect a potential return of 69.89% based on the average GCT price forecast.
Analyzing the GCT fundamentals
According to GigaCloud Technology Inc [NASDAQ:GCT], the company’s sales were 827.11M for trailing twelve months, which represents an 96.47% 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 0.39 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 28.91 points at the first support level, and at 28.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.95, and for the 2nd resistance point, it is at 30.46.
Ratios To Look Out For
It is important to note that GigaCloud Technology Inc [NASDAQ:GCT] has a current ratio of 1.83. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 3.78 and price to earnings (TTM) ratio is 11.43.
Transactions by insiders
Recent insider trading involved Lin Frank Hurst, Director, that happened on Jun 28 ’24 when 0.15 million shares were sold. Director, Lin Frank Hurst completed a deal on Jun 27 ’24 to sell 93211.0 shares. Meanwhile, President SCHROCK IMAN AJ sold 5000.0 shares on Jun 27 ’24.
