GigaCloud Technology Inc (NASDAQ:GCT)’s traded shares stood at 2.63 million during the last session, with the company’s beta value hitting 2.25. At the close of trading, the stock’s price was $26.72, to imply an increase of 2.14% or $0.56 in intraday trading. The GCT share’s 52-week high remains $45.18, putting it -69.09% down since that peak but still an impressive 81.55% since price per share fell to its 52-week low of $4.93. The company has a valuation of $1.09B, with an average of 4.52 million shares in intraday trading volume over the past 10 days and average of 3.12 million shares over the past 3 months.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
After registering a 2.14% upside in the last session, GigaCloud Technology Inc (GCT) has traded red over the past five days. The stock hit a weekly high of 30.37, jumping 2.14% in its intraday price action. The 5-day price performance for the stock is -12.31%, and -21.48% over 30 days. With these gigs, the year-to-date price performance is 46.05%. Short interest in GigaCloud Technology Inc (NASDAQ:GCT) saw shorts transact 2.6 million shares and set a 0.89 days time to cover.
GigaCloud Technology Inc (GCT) estimates and forecasts
Looking at statistics comparing GigaCloud Technology Inc share performance against respective industry, we note that the company has underperformed competitors. GigaCloud Technology Inc (GCT) shares are 182.15% up over the last 6 months, with its year-to-date growth rate lower than industry average at -3.04% against 16.90%. Revenue is forecast to grow 27.60% this quarter before jumping 17.80% for the next one. The rating firms project that company’s revenue will grow 57.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $210.2 million. Meanwhile, for the quarter ending Jun 2024, a total of 1 analyst(s) estimate revenue growth to $245 million.
GCT Dividends
GigaCloud Technology Inc has its next earnings report out on March 18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. GigaCloud Technology Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
GigaCloud Technology Inc (NASDAQ:GCT)’s Major holders
GigaCloud Technology Inc insiders hold 7.71% of total outstanding shares, with institutional holders owning 38.07% of the shares at 41.25% float percentage. In total, 38.07% institutions holds shares in the company, led by Boston Partners. As of Jun 29, 2023, the company held over 0.15 million shares (or 0.37% of shares), all amounting to roughly $1.02 million.
The next major institution holding the largest number of shares is Two Sigma Investments, LP with 67688.0 shares, or about 0.17% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $0.46 million.
We also have Fidelity NASDAQ Composite Index Fund and SEI Institutional Investment Tr-World Equity Ex-U.S. Fd as the top two Mutual Funds with the largest holdings of the GigaCloud Technology Inc (GCT) shares. Going by data provided on May 30, 2023, Fidelity NASDAQ Composite Index Fund holds roughly 17953.0 shares. This is just over 0.04% of the total shares, with a market valuation of $0.12 million. Data from the same date shows that the other fund manager holds a little less at 17909.0, or 0.04% of the shares, all valued at about 0.16 million.
