GigaCloud Technology Inc (NASDAQ:GCT)’s traded shares stood at 3.26 million during the last session, with the company’s beta value hitting 1.72. At the close of trading, the stock’s price was $26.40, to imply an increase of 4.72% or $1.19 in intraday trading. The GCT share’s 52-week high remains $45.18, putting it -71.14% down since that peak but still an impressive 70.8% since price per share fell to its 52-week low of $7.71. The company has a valuation of $1.08B, with an average of 2.39 million shares in intraday trading volume over the past 10 days and average of 1.43 million shares over the past 3 months.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
After registering a 4.72% upside in the last session, GigaCloud Technology Inc (GCT) has traded red over the past five days. The 5-day price performance for the stock is 34.49%, and 25.42% over 30 days. With these gigs, the year-to-date price performance is 44.30%. Short interest in GigaCloud Technology Inc (NASDAQ:GCT) saw shorts transact 5.84 million shares and set a 4.47 days time to cover.
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The extremes give us $50 and $50 for target low and target high price respectively. As such, GCT has been trading -89.39% off suggested target high and -89.39% from its likely low.
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 -25.95% down over the last 6 months, with its year-to-date growth rate lower than industry average at 16.09% against 18.30%. Revenue is forecast to grow 13.60% this quarter before falling -4.30% for the next one. The rating firms project that company’s revenue will grow 58.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 279.57M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 325.97M.Earnings reports from the last fiscal year show that sales brought in 178.17M and 244.74M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 56.90% before jumping 33.20% in the following quarter.
GCT Dividends
GigaCloud Technology Inc has its next earnings report out in November. 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 (NASDAQ:GCT)’s Major holders
GigaCloud Technology Inc insiders hold 13.13% of total outstanding shares, with institutional holders owning 38.20% of the shares at 43.98% float percentage. In total, 38.20% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 1.2 million shares (or 2.9531% of shares), all amounting to roughly $36.64 million.
The next major institution holding the largest number of shares is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 0.83 million shares, or about 2.0332% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $25.23 million.
