GigaCloud Technology Inc [GCT] stock is trading at $19.43, up 11.99%. 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 11.92% over the last week, with a monthly amount drifted -12.16%, 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.
GigaCloud Technology Inc [GCT] stock has fluctuated between $6.71 and $45.18 over the past year. Currently, Wall Street analysts expect the stock to reach $50 within the next 12 months. GigaCloud Technology Inc [NASDAQ: GCT] shares were valued at $19.43 at the most recent close of the market. An investor can expect a potential return of 157.33% based on the average GCT price forecast.
Analyzing the GCT fundamentals
GigaCloud Technology Inc [NASDAQ:GCT] reported sales of 984.85M for the trailing twelve months, which represents a growth of 103.01%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.37 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.44.
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 18.38 points at the first support level, and at 17.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.14, and for the 2nd resistance point, it is at 20.85.
Ratios To Look Out For
For context, GigaCloud Technology Inc’s Current Ratio is 1.98. As well, the Quick Ratio is 1.19, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 2.24 and price to earnings (TTM) ratio is 7.00.
Transactions by insiders
Recent insider trading involved Lin Frank Hurst, Director, that happened on Jun 28 ’24 when 0.15 million shares were sold. President, SCHROCK IMAN AJ completed a deal on Jun 27 ’24 to sell 5000.0 shares. Meanwhile, Director Lin Frank Hurst sold 0.13 million shares on Jun 26 ’24.
