In the last trading session, 1.02 million GigaCloud Technology Inc (NASDAQ:GCT) shares changed hands as the company’s beta touched 2.01. With the company’s per share price at $18.02 changed hands at $0.01 or 0.06% during last session, the market valuation stood at $738.31M. GCT’s last price was a discount, traded about -150.72% off its 52-week high of $45.18. The share price had its 52-week low at $15.61, which suggests the last value was 13.37% up since then.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
Instantly GCT was in green as seen at the end of in last trading. With action -11.06%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.70%, with the 5-day performance at -11.06% in the red. However, in the 30-day time frame, GigaCloud Technology Inc (NASDAQ:GCT) is -14.56% down.
The consensus price target for the stock as assigned by Wall Street analysts is 50, meaning bulls need an upside of 63.96% from its current market value. According to analyst projections, GCT’s forecast low is 50 with 50 as the target high. To hit the forecast high, the stock’s price needs a -177.47% plunge from its current level, while the stock would need to soar -177.47% for it to hit the projected low.
GigaCloud Technology Inc (GCT) estimates and forecasts
Year-over-year growth is forecast to reach 63.90% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 288.33M. 3 analysts are of the opinion that GigaCloud Technology Inc’s revenue for the current quarter will be 281.41M. The company’s revenue for the corresponding quarters a year ago was 244.74M and 251.08M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.81%. The estimates for the next quarter sales put growth at 12.08%.
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 2025 estimates are for GigaCloud Technology Inc earnings to increase by 34.93%, but the outlook for the next 5-year period is at 27.61% per year.
GCT Dividends
GigaCloud Technology Inc is expected to release its next quarterly earnings report in March.
SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 2.0082% or 0.83 million shares worth $25.23 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Russell 2000 ETF and Vanguard Extended Market Index Fund . With 654.29 shares estimated at $11.79 million under it, the former controlled 1.99% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.22% of the shares, roughly 402.76 shares worth around $7.26 million.
