It is Poised to be a Bull Market for GigaCloud Technology Inc (GCT)

With 1.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.05 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $37.3956 whereas the lowest price it dropped to was $35.75. The 52-week range on GCT shows that it touched its highest point at $45.18 and its lowest point at $5.19 during that stretch. It currently has a 1-year price target of $40.50. Beta for the stock currently stands at 1.98.

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 -7.76%, but this was up by 13.89% over a month. Three-month performance surged to 17.25% while six-month performance rose 297.21%. The stock gained 605.73% in the past year, while it has gained 102.13% so far this year. A look at the trailing 12-month EPS for GCT yields 2.58 with Next year EPS estimates of 3.63. For the next quarter, that number is 0.72. This implies an EPS growth rate of 26.09% for this year and 25.17% for next year.

Float and Shares Shorts:

At present, 31.46 million GCT shares are outstanding with a float of 18.27 million shares on hand for trading. On 2024-04-15, short shares totaled 2.55 million, which was 625.0 higher than short shares on 1710460800. In addition to Mr. Lei Wu as the firm’s Founder, Chairman & CEO, Mr. Iman Schrock serves as its President.

Institutional Ownership:

Through their ownership of 0.40627 of GCT’s outstanding shares, institutional investors have minority control over the company.

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 2023-12-31, GCT reported revenue of $251077000.0 and operating income of $34829000.0. The EBITDA in the recently reported quarter was $39776000.0 and diluted EPS was $0.66.

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.