In the latest trading session, 0.93 million GigaCloud Technology Inc (NASDAQ:GCT) shares changed hands as the company’s beta touched 1.83. With the company’s most recent per share price at $29.94 changed hands at -$1.23 or -3.95% at last look, the market valuation stands at $1.22B. GCT’s current price is a discount, trading about -50.9% off its 52-week high of $45.18. The share price had its 52-week low at $6.70, which suggests the last value was 77.62% up since then. When we look at GigaCloud Technology Inc’s average trading volume, we note the 3-month average coming to 2.98 million.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
Instantly GCT was in red as seen in intraday trades today. With action -6.20%, the performance over the past five days has been red. The drop to weekly highs of 34.07 subtracted -3.95% to the stock’s daily price. The company’s shares are showing year-to-date upside of 63.65%, with the 5-day performance at -6.20% in the red. However, in the 30-day time frame, GigaCloud Technology Inc (NASDAQ:GCT) is -17.32% down.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
GigaCloud Technology Inc (GCT) estimates and forecasts
Data shows that the GigaCloud Technology Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 127.85% over the past 6 months, a 41.30% in annual growth rate that is considerably higher than the industry average of 13.90%. Year-over-year growth is forecast to reach 60.90% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 276.25M. 2 analysts are of the opinion that GigaCloud Technology Inc’s revenue for the current quarter will be 285.5M. The company’s revenue for the corresponding quarters a year ago was 153.13M and 178.17M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 80.40%. The estimates for the next quarter sales put growth at 60.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 208.72%. The 2024 estimates are for GigaCloud Technology Inc earnings to increase by 32.90%.
GCT Dividends
GigaCloud Technology Inc is expected to release its next quarterly earnings report in July.
