A share price of GigaCloud Technology Inc [GCT] is currently trading at $25.97, down -1.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GCT shares have gain 4.72% over the last week, with a monthly amount glided 41.91%, 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 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 experienced fluctuations in its stock price throughout the past year between $7.71 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 $25.97 at the most recent close of the market. An investor can expect a potential return of 92.53% based on the average GCT price forecast.
Analyzing the GCT fundamentals
Trailing Twelve Months sales for GigaCloud Technology Inc [NASDAQ:GCT] were 984.85M which represents 103.01% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
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 25.33 points at the first support level, and at 24.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.77, and for the 2nd resistance point, it is at 27.58.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GigaCloud Technology Inc [NASDAQ:GCT] is 1.98. In addition, the Quick Ratio stands at 1.19 and the Cash Ratio stands at 0.75. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 3.00 and price to earnings (TTM) ratio is 9.35.
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.
