During the last session, GigaCloud Technology Inc (NASDAQ:GCT)’s traded shares were 0.73 million, with the beta value of the company hitting 2.35. At the end of the trading day, the stock’s price was $18.24, reflecting an intraday gain of 1.33% or $0.24. The 52-week high for the GCT share is $34.28, that puts it down -87.94 from that peak though still a striking 38.76% gain since the share price plummeted to a 52-week low of $11.17. The company’s market capitalization is $632.95M, and the average intraday trading volume over the past 10 days was 0.49 million shares, and the average trade volume was 822.96K shares over the past three months.
GigaCloud Technology Inc (NASDAQ:GCT) trade information
GigaCloud Technology Inc (GCT) registered a 1.33% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.33% in intraday trading to $18.24, hitting a weekly high. The stock’s 5-day price performance is -1.57%, and it has moved by -0.38% in 30 days. Based on these gigs, the overall price performance for the year is -39.32%. The short interest in GigaCloud Technology Inc (NASDAQ:GCT) is 4.33 million shares and it means that shorts have 5.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies a decrease of -21.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $15 respectively. As a result, GCT is trading at a premium of 17.76% off the target high and 17.76% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 160.76%. While earnings are projected to return -21.15% in 2025.
GCT Dividends
GigaCloud Technology Inc is due to release its next quarterly earnings on 2025-May-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
GigaCloud Technology Inc (NASDAQ:GCT)’s Major holders
GigaCloud Technology Inc insiders own 13.39% of total outstanding shares while institutional holders control 43.82%, with the float percentage being 50.60%. BLACKROCK INC. is the largest shareholder of the company, while 214.0 institutions own stock in it. As of 2024-06-30, the company held over 1.2 million shares (or 2.9169% of all shares), a total value of $36.64 million in shares.
The next largest institutional holding, with 0.83 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 2.0082% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $25.23 million.
