In today’s recent session, 0.48 million shares of the GigaCloud Technology Inc (NASDAQ:GCT) have been traded, and its beta is 2.07. Most recently the company’s share price was $16.41, and it changed around $0.88 or 5.64% from the last close, which brings the market valuation of the company to $657.32M. GCT at last check was trading at a discount to its 52-week high of $45.18, offering almost -175.32% off that amount. The share price’s 52-week low was $13.60, which indicates that the recent value has risen by an impressive 17.12% since then.
GigaCloud Technology Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended GCT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. GigaCloud Technology Inc is expected to report earnings per share of 0.6 for the current quarter.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
Instantly GCT has been showing a green trend so far today with a performance of 5.64% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 18.83 on recent trading dayincreased the stock’s daily price by 12.85%. The company’s shares are currently down -11.42% year-to-date, but still down -12.41% over the last five days. On the other hand, GigaCloud Technology Inc (NASDAQ:GCT) is -16.89% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $50, which translates to bulls needing to increase their stock price by 67.18% from its current value. Analyst projections state that GCT is forecast to be at a low of $50 and a high of $50.
GigaCloud Technology Inc (GCT) estimates and forecasts
The year-over-year growth rate is expected to be 1.95%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 259.8M in revenue for the current quarter. 3 analysts expect GigaCloud Technology Inc to make 303.21M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 251.08M and 310.87M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.47%. Forecasts for the next quarter put sales growth at -2.46%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 160.76%.
GigaCloud Technology Inc (NASDAQ:GCT)’s Major holders
SUSQUEHANNA INTERNATIONAL GROUP, LLP, with 2.0082% or 0.83 million shares worth $25.23 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 632.95 shares worth $10.43 million, making up 1.92% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 402.76 shares worth around $6.64 million, which represents about 1.22% of the total shares outstanding.
