Nothing is Better Than GigaCloud Technology Inc. (GCT) stock at the moment

GigaCloud Technology Inc. (NASDAQ: GCT) stock fell -12.66% on Monday to $10.00 against a previous-day closing price of $11.45. With 1.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.66 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $11.60 whereas the lowest price it dropped to was $9.70. The 52-week range on GCT shows that it touched its highest point at $18.60 and its lowest point at $4.14 during that stretch. It currently has a 1-year price target of $21.00. Beta for the stock currently stands at 1.32.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GCT was down-trending over the past week, with a drop of -43.60%, but this was down by -15.90% over a month. Three-month performance surged to 23.76% while six-month performance rose 89.75%. The stock lost -37.93% in the past year, while it has gained 75.75% so far this year. A look at the trailing 12-month EPS for GCT yields 0.95 with Next year EPS estimates of 1.69. For the next quarter, that number is 0.38. This implies an EPS growth rate of 61.70% for this year and 6.29% for next year.

Float and Shares Shorts:

At present, 40.90 million GCT shares are outstanding with a float of 15.20 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.44 million, which was 1.07% higher than short shares on Jul 30, 2023. In addition to Mr. Lei Wu as the firm’s Founder, Chairman & CEO, Mr. Iman Schrock serves as its Pres.

Institutional Ownership:

Other institutions hold 1.25% of GCT, in contrast to 0.34% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GCT with 0.48% of the stake, Boston Partners Global Investors, holds 150,164 shares worth 150,164. A second-largest stockholder of GCT, Two Sigma Investments LP, holds 67,688 shares, controlling over 0.22% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in GCT, holding 61,027 shares or 0.19% stake. With a 0.18% stake in GCT, the Lumyna – MW ESG is the largest stakeholder. A total of 56,630 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.06% of GCT stock, is the second-largest Mutual Fund holder. It holds 17,953 shares valued at 0.22 million. TOPS Market Neutral UCITS FUND holds 0.06% of the stake in GCT, owning 17,400 shares worth 0.22 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, GCT reported revenue of $124.03M and operating income of $8.23M. The EBITDA in the recently reported quarter was $8.88M and diluted EPS was $0.14.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GCT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GCT analysts setting a high price target of $26.00 and a low target of $16.00, the average target price over the next 12 months is $21.00. Based on these targets, GCT could surge 160.0% to reach the target high and rise by 60.0% to reach the target low. Reaching the average price target will result in a growth of 110.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.