In last trading session, GigaCloud Technology Inc (NASDAQ:GCT) saw 0.49 million shares changing hands with its beta currently measuring 1.75. Company’s recent per share price level of $24.55 trading at -$0.23 or -0.92% at ring of the bell on the day assigns it a market valuation of $1.01B. That closing price of GCT’s stock is at a discount of -84.03% from its 52-week high price of $45.18 and is indicating a premium of 64.56% from its 52-week low price of $8.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.35 million shares which gives us an average trading volume of 1.60 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 -0.92%, in the last five days GCT remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $24.55 price level, adding 6.05% to its value on the day. GigaCloud Technology Inc’s shares saw a change of 34.20% in year-to-date performance and have moved 1.79% in past 5-day. GigaCloud Technology Inc (NASDAQ:GCT) showed a performance of 0.21% in past 30-days. Number of shares sold short was 6.51 million shares which calculate 4.58 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 50 to the stock, which implies a rise of 50.9% to its current value. Analysts have been projecting 50 as a low price target for the stock while placing it at a high target of 50. It follows that stock’s current price would drop -103.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -103.67% for stock’s current value.
GigaCloud Technology Inc (GCT) estimates and forecasts
Statistics highlight that GigaCloud Technology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -21.16% of value to its shares in past 6 months, showing an annual growth rate of 26.52% while that of industry is 18.30. Apart from that, the company came raising its revenue forecast for fiscal year 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.
GigaCloud Technology Inc (NASDAQ:GCT)’s Major holders
Insiders are in possession of 13.60% of company’s total shares while institution are holding 45.98 percent of that, with stock having share float percentage of 53.23%. Investors also watch the number of corporate investors in a company very closely, which is 45.98% institutions for GigaCloud Technology Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GCT for having 1.2 million shares of worth $36.64 million. And as of 2024-06-30, it was holding 2.9531 of the company’s outstanding shares.
The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 0.83 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.0332 of outstanding shares, having a total worth of $25.23 million.
On the other hand, iShares Russell 2000 ETF and Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 627.33 shares of worth $15.49 million or 1.91% of the total outstanding shares. The later fund manager was in possession of 240.85 shares on Aug 31, 2024 , making its stake of worth around $5.95 million in the company or a holder of 0.73% of company’s stock.
