GigaCloud Technology Inc (NASDAQ:GCT)’s traded shares stood at 0.86 million during the last session, with the company’s beta value hitting 2.15. At the close of trading, the stock’s price was $13.64, to imply an increase of 6.48% or $0.83 in intraday trading. The GCT share’s 52-week high remains $41.31, putting it -202.86% down since that peak but still an impressive 18.11% since price per share fell to its 52-week low of $11.17. The company has a valuation of $546.51M, with an average of 0.58 million shares in intraday trading volume over the past 10 days and average of 1.03 million shares over the past 3 months.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
After registering a 6.48% 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 2.40%, and -7.40% over 30 days. With these gigs, the year-to-date price performance is -26.35%. Short interest in GigaCloud Technology Inc (NASDAQ:GCT) saw shorts transact 5.37 million shares and set a 4.97 days time to cover.
The extremes give us $15 and $15 for target low and target high price respectively. As such, GCT has been trading -9.97% off suggested target high and -9.97% from its likely low.
GigaCloud Technology Inc (GCT) estimates and forecasts
The rating firms project that company’s revenue will grow 1.95% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 259.8M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 303.21M.Earnings reports from the last fiscal year show that sales brought in 251.08M and 310.87M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.47% before dropping -2.46% in the following quarter.
GCT Dividends
GigaCloud Technology Inc has its next earnings report out on 2025-Mar-02. 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 15.00% of total outstanding shares, with institutional holders owning 47.08% of the shares at 55.40% float percentage. In total, 47.08% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 1.2 million shares (or 2.9169% 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 2.0082% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $25.23 million.
We also have iShares Trust-iShares Russell 2000 ETF and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the GigaCloud Technology Inc (GCT) shares. Going by data provided on Mar 31, 2025 , iShares Trust-iShares Russell 2000 ETF holds roughly 631.44 shares. This is just over 1.97% of the total shares, with a market valuation of $8.61 million. Data from the same date shows that the other fund manager holds a little less at 412.59, or 1.29% of the shares, all valued at about 5.63 million.
