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DOW   39,807.37
QQQ   444.01
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:GCT

GigaCloud Technology (GCT) Stock Price, News & Analysis

$26.72
+0.56 (+2.14%)
(As of 03/28/2024 ET)
Today's Range
$26.62
$28.88
50-Day Range
$19.90
$43.15
52-Week Range
$4.93
$45.18
Volume
2.63 million shs
Average Volume
3.15 million shs
Market Capitalization
$1.09 billion
P/E Ratio
11.62
Dividend Yield
N/A
Price Target
$18.00

GigaCloud Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.6% Downside
$18.00 Price Target
Short Interest
Bearish
14.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of GigaCloud Technology in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$4.16 M Sold Last Quarter
Proj. Earnings Growth
21.97%
From $2.23 to $2.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.15 out of 5 stars

Business Services Sector

195th out of 310 stocks

Catalog & Mail - Order Houses Industry

15th out of 27 stocks

GCT stock logo

About GigaCloud Technology Stock (NASDAQ:GCT)

GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Walnut, California.

GCT Stock Price History

GCT Stock News Headlines

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GigaCloud Technology (NASDAQ:GCT) Shares Gap Up to $29.52
GCT May 2024 30.000 call
GigaCloud Tech Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
8/15/2023
Today
3/28/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
N/A
Current Symbol
NASDAQ:GCT
Fax
N/A
Employees
764
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.00
High Stock Price Target
$18.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-32.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$94.11 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$703.83 million
Cash Flow
$0.65 per share
Book Value
$4.80 per share

Miscellaneous

Free Float
22,255,000
Market Cap
$1.09 billion
Optionable
Not Optionable
Beta
2.40
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GCT Stock Analysis - Frequently Asked Questions

Should I buy or sell GigaCloud Technology stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GigaCloud Technology in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GCT shares.
View GCT analyst ratings
or view top-rated stocks.

What is GigaCloud Technology's stock price target for 2024?

2 brokers have issued 1 year price objectives for GigaCloud Technology's shares. Their GCT share price targets range from $18.00 to $18.00. On average, they predict the company's stock price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 32.6%.
View analysts price targets for GCT
or view top-rated stocks among Wall Street analysts.

How have GCT shares performed in 2024?

GigaCloud Technology's stock was trading at $18.30 at the beginning of the year. Since then, GCT shares have increased by 46.0% and is now trading at $26.72.
View the best growth stocks for 2024 here
.

When is GigaCloud Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our GCT earnings forecast
.

How were GigaCloud Technology's earnings last quarter?

GigaCloud Technology Inc. (NASDAQ:GCT) issued its quarterly earnings data on Tuesday, August, 15th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. The company earned $153.13 million during the quarter, compared to analysts' expectations of $141.30 million. GigaCloud Technology had a trailing twelve-month return on equity of 38.79% and a net margin of 13.37%. During the same quarter in the prior year, the firm earned $0.15 EPS.

What guidance has GigaCloud Technology issued on next quarter's earnings?

GigaCloud Technology issued an update on its first quarter 2024 earnings guidance on Friday, March, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $230.0 million-$240.0 million, compared to the consensus revenue estimate of $210.2 million.

When did GigaCloud Technology IPO?

GigaCloud Technology (GCT) raised $36 million in an initial public offering on Thursday, August 18th 2022. The company issued 2,900,000 shares at a price of $12.25 per share. Aegis Capital acted as the underwriter for the IPO.

Who are GigaCloud Technology's major shareholders?

GigaCloud Technology's stock is owned by many different institutional and retail investors. Top institutional investors include Bridgeway Capital Management LLC (0.81%), Verition Fund Management LLC (0.62%), Quadrature Capital Ltd (0.38%), Quadrature Capital Ltd (0.38%), Pacific Ridge Capital Partners LLC (0.21%) and Simplex Trading LLC (0.00%). Insiders that own company stock include David Kwok Hei Lau, Frank Hurst Lin and Xinyan Hao.
View institutional ownership trends
.

How do I buy shares of GigaCloud Technology?

Shares of GCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GCT) was last updated on 3/29/2024 by MarketBeat.com Staff

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