In last trading session, GigaCloud Technology Inc (NASDAQ:GCT) saw 1.05 million shares changing hands with its beta currently measuring 2.02. Company’s recent per share price level of $14.43 trading at -$0.88 or -5.75% at ring of the bell on the day assigns it a market valuation of $578.16M. That closing price of GCT’s stock is at a discount of -213.1% from its 52-week high price of $45.18 and is indicating a premium of 5.75% from its 52-week low price of $13.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.78 million shares which gives us an average trading volume of 1.11 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 -5.75%, in the last five days GCT remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $14.43 price level, adding 13.39% to its value on the day. GigaCloud Technology Inc’s shares saw a change of -22.08% in year-to-date performance and have moved -12.39% in past 5-day. GigaCloud Technology Inc (NASDAQ:GCT) showed a performance of -29.02% in past 30-days. Number of shares sold short was 5.6 million shares which calculate 6.15 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 3.8% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would drop -3.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.95% for stock’s current value.
GigaCloud Technology Inc (GCT) estimates and forecasts
This year revenue growth is estimated to rise 1.95% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 259.8M for the same. And 3 analysts are in estimates of company making revenue of 303.21M in the next quarter. Company posted 251.08M and 310.87M of sales in current and next quarters respectively a year earlier.
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 160.76% during past 5 years.
GigaCloud Technology Inc (NASDAQ:GCT)’s Major holders
Insiders are in possession of 14.00% of company’s total shares while institution are holding 43.68 percent of that, with stock having share float percentage of 50.79%. Investors also watch the number of corporate investors in a company very closely, which is 43.68% 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 2.0082 of outstanding shares, having a total worth of $25.23 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 632.95 shares of worth $9.13 million or 1.98% of the total outstanding shares. The later fund manager was in possession of 412.59 shares on Dec 31, 2024 , making its stake of worth around $5.95 million in the company or a holder of 1.29% of company’s stock.
