GigaCloud Technology Inc. (NASDAQ:GCT) saw an upside of 0.92% to $9.82 after adding $0.09 on Wednesday. The 5-day average trading volume is 350,275 shares of the company’s common stock. It has gained $10.34 in the past week and touched a new high 4 times within the past 5 days. An average of 356,924 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 431,142.
GCT’s 1-month performance is 38.70% or $2.82 on its low of $7.01 reached on 07/11/23. The company’s shares have touched a 52-week low of $4.14 and high of $62.00. YTD, GCT has achieved 72.58% or $4.26 and has reached a new high 4 times. However, the current price is down -84.16% from the 52-week high price.
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Valuation Metrics
GCT stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.70 while the price-to-book (PB) in the most recent quarter is 1.89, with the price to cash flow ratio at 4.23.
GigaCloud Technology Inc.’s quick ratio for the period ended December 30 was 1.80, with the current ratio over the same period at 2.50. In terms of profitability, the gross margin trailing 12 months is 19.00%. The firm’s gross profit as reported stood at $83.11 million against revenue of $490.07 million.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income grew 100.0% to $23.03 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GCT to announce $0.09 per share in earnings in its latest quarter, but it posted $0.29, representing a 222.20% surprise.
Let’s look briefly at GigaCloud Technology Inc. (GCT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 71.98% to suggest the stock is trending Overbought, with historical volatility in this time period at 42.30%.
The stock’s 5-day moving average is $9.48, reflecting a +12.56% or $1.11 change from its current price. GCT is currently trading +31.44% above its 20-day SMA, +68.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +54.26% and SMA200 by+93.96%.
Stochastic %K and %D was 87.14% and 85.69% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 68.31%, while the 14-day stochastic is at 83.40% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at 0.48 and 0.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for GigaCloud Technology Inc. (NASDAQ: GCT), ROTH MKM launched coverage with a Buy rating. Analysts offering their rating for GCT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GCT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is GCT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $26.00, with their median price target at $19.50. Looking at these predictions, the average price target given by analysts is for GigaCloud Technology Inc. (GCT) stock is $19.50.
