In last trading session, GigaCloud Technology Inc (NASDAQ:GCT) saw 1.46 million shares changing hands with its beta currently measuring 2.17. Company’s recent per share price level of $31.02 trading at -$0.57 or -1.80% at ring of the bell on the day assigns it a market valuation of $1.26B. That closing price of GCT’s stock is at a discount of -45.65% from its 52-week high price of $45.18 and is indicating a premium of 84.11% from its 52-week low price of $4.93. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.22 million shares which gives us an average trading volume of 3.14 million if we extend that period to 3-months.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
Upright in the red during last session for losing -1.80%, in the last five days GCT remained trading in the red while hitting it’s week-highest on Thursday, 04/04/24 when the stock touched $31.02 price level, adding 18.82% to its value on the day. GigaCloud Technology Inc’s shares saw a change of 69.55% in year-to-date performance and have moved -12.99% in past 5-day. GigaCloud Technology Inc (NASDAQ:GCT) showed a performance of 0.58% in past 30-days. Number of shares sold short was 2.6 million shares which calculate 0.89 days to cover the short interests.
GigaCloud Technology Inc (GCT) estimates and forecasts
Statistics highlight that GigaCloud Technology Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 211.45% of value to its shares in past 6 months, showing an annual growth rate of 12.17% while that of industry is 17.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 75.90% in the current quarter and calculating 60.00% increase in the next quarter. This year revenue growth is estimated to rise 57.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $235 million for the same. And 1 analysts are in estimates of company making revenue of $270.7 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 208.72% during past 5 years.
GCT Dividends
GigaCloud Technology Inc is more likely to be releasing its next quarterly report on March 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
GigaCloud Technology Inc (NASDAQ:GCT)’s Major holders
Insiders are in possession of 7.71% of company’s total shares while institution are holding 38.07 percent of that, with stock having share float percentage of 41.25%. Investors also watch the number of corporate investors in a company very closely, which is 38.07% institutions for GigaCloud Technology Inc that are currently holding shares of the company. Boston Partners is the top institutional holder at GCT for having 0.15 million shares of worth $1.02 million. And as of Jun 29, 2023, it was holding 0.37% of the company’s outstanding shares.
The second largest institutional holder is Two Sigma Investments, LP, which was holding about 67688.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.17% of outstanding shares, having a total worth of $0.46 million.
On the other hand, Fidelity NASDAQ Composite Index Fund and SEI Institutional Investment Tr-World Equity Ex-U.S. Fd are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 17953.0 shares of worth $0.12 million or 0.04% of the total outstanding shares. The later fund manager was in possession of 17909.0 shares on Sep 29, 2023, making its stake of worth around $0.16 million in the company or a holder of 0.04% of company’s stock.
