Should I buy or sell GigaCloud Technology stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GigaCloud Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 12 month target prices for GigaCloud Technology's stock. Their GCT share price targets range from $35.00 to $35.00. On average, they anticipate the company's stock price to reach $35.00 in the next twelve months. This suggests that the stock has a possible downside of 6.0%. 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 103.5% and is now trading at $37.24. View the best growth stocks for 2024 here .

Are investors shorting GigaCloud Technology?

GigaCloud Technology saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,810,000 shares, an increase of 8.1% from the March 15th total of 2,600,000 shares. Based on an average trading volume of 3,160,000 shares, the short-interest ratio is presently 0.9 days. Approximately 17.0% of the shares of the company are sold short. View GigaCloud Technology's Short Interest .

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) announced its earnings results on Friday, March, 15th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.29. The business earned $244.74 million during the quarter, compared to the consensus estimate of $220.30 million. GigaCloud Technology had a trailing twelve-month return on equity of 36.40% and a net margin of 13.37%.

What ETF holds GigaCloud Technology's stock?

Barrons 400 ETF holds 11,270 shares of GCT stock, representing 0.29% of its portfolio.

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

GigaCloud Technology updated 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 served as the underwriter for the IPO.

Who are GigaCloud Technology's major shareholders?

GigaCloud Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Harbour Capital Advisors LLC (0.07%), SeaCrest Wealth Management LLC (0.04%) and Banque Cantonale Vaudoise (0.00%). Insiders that own company stock include David Kwok Hei Lau, Frank Hurst Lin, Lei Wu, Xin Wan 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 .

NASDAQ:GCT

GigaCloud Technology (GCT) Stock Price, News & Analysis

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$36.02

-0.79 (-2.15%)

(As of 10:59 AM ET)

Compare

Today's Range: $35.22
▼
$37.38
50-Day Range: $25.60
▼
$43.15
52-Week Range: $4.93
▼
$45.18

Volume: 1.23 million shs
Average Volume: 3.11 million shs
Market Capitalization: $1.47 billion

P/E Ratio: 15.66
Dividend Yield: N/A
Price Target: $35.00

Get GigaCloud Technology alerts:

GigaCloud Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 6.0% Downside
$35.00 Price Target
Short Interest: Bearish
17.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.66
Based on 30 Articles This Week
Insider Trading: Selling Shares
$16.33 M Sold Last Quarter
Proj. Earnings Growth: 41.09%
From $2.58 to $3.64 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.

1.90 out of 5 stars

Business Services Sector

207th out of 305 stocks

Catalog & Mail - Order Houses Industry

8th out of 13 stocks

1.5

Analyst's Opinion

Consensus Rating
GigaCloud Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
GigaCloud Technology has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
17.01% of the float of GigaCloud Technology has been sold short.
Short Interest Ratio / Days to Cover
GigaCloud Technology has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in GigaCloud Technology has recently increased by 8.08%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
GigaCloud Technology does not currently pay a dividend.
Dividend Growth
GigaCloud Technology does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GCT.

2.6

News and Social Media Coverage

News Sentiment
GigaCloud Technology has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 30 news articles for GigaCloud Technology this week, compared to 5 articles on an average week.
Search Interest
Only 97 people have searched for GCT on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
MarketBeat Follows
Only 75 people have added GigaCloud Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -1% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GigaCloud Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $16,328,105.00 in company stock.
Percentage Held by Insiders
45.30% of the stock of GigaCloud Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 34.94% of the stock of GigaCloud Technology is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for GigaCloud Technology are expected to grow by 41.09% in the coming year, from $2.58 to $3.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GigaCloud Technology is 16.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of GigaCloud Technology is 16.19, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.33.
Price to Book Value per Share Ratio
GigaCloud Technology has a P/B Ratio of 5.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About GigaCloud Technology Stock (NASDAQ:GCT)

GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. 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 incorporated in 2006 and is headquartered in El Monte, California.

GCT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GCT Stock News Headlines

April 19, 2024 | insidertrades.com

GigaCloud Technology Inc. (NASDAQ:GCT) CEO Sells $1,522,840.00 in Stock

April 18, 2024 | insidertrades.com

GigaCloud Technology Inc. (NASDAQ:GCT) CEO Sells $32,230.00 in Stock

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 14, 2024 | insidertrades.com

GigaCloud Technology Inc. (NASDAQ:GCT) CEO Sells $31,860.00 in Stock

April 10, 2024 | insidertrades.com

GigaCloud Technology Inc. (NASDAQ:GCT) CEO Lei Wu Sells 20,000 Shares

April 6, 2024 | insidertrades.com

Insider Selling: GigaCloud Technology Inc. (NASDAQ:GCT) CEO Sells 20,000 Shares of Stock

April 3, 2024 | insidertrades.com

GigaCloud Technology Inc. (NASDAQ:GCT) CTO Sells $4,089,000.00 in Stock

March 30, 2024 | insidertrades.com

Insider Selling: GigaCloud Technology Inc. (NASDAQ:GCT) COO Sells 38,064 Shares of Stock

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 24, 2024 | insidertrades.com

Frank Hurst Lin Sells 133,097 Shares of GigaCloud Technology Inc. (NASDAQ:GCT) Stock

March 22, 2024 | insidertrades.com

Xinyan Hao Sells 1,088 Shares of GigaCloud Technology Inc. (NASDAQ:GCT) Stock

March 22, 2024 | insidertrades.com

GigaCloud Technology Inc. (NASDAQ:GCT) CFO David Kwok Hei Lau Sells 2,619 Shares

April 19, 2024 | finance.yahoo.com

Zacks.com featured highlights H&E Equipment Services, HNI, GigaCloud and Betterware de Mexico

April 19, 2024 | americanbankingnews.com

Lei Wu Sells 1,000 Shares of GigaCloud Technology Inc. (NASDAQ:GCT) Stock

April 19, 2024 | americanbankingnews.com

Lei Wu Sells 44,000 Shares of GigaCloud Technology Inc. (NASDAQ:GCT) Stock

April 18, 2024 | benzinga.com

A Closer Look at GigaCloud Tech's Options Market Dynamics

April 18, 2024 | msn.com

GigaCloud Technology (GCT) Price Target Increased by 14.08% to 41.31

April 17, 2024 | finance.yahoo.com

GigaCloud Technology Inc. (GCT) Stock Moves -0.37%: What You Should Know

April 17, 2024 | seekingalpha.com

GigaCloud Technology: Strong Buy Stock Is The Real Deal (SA Quant)

April 16, 2024 | investorplace.com

Tax Refund Windfall: The Top 3 Discount Store Stocks to Buy Now

April 16, 2024 | fool.com

My GigaCloud Technology Stock Price Prediction for 2024

April 16, 2024 | fool.com

My GigaCloud Technology Stock Price Prediction for 2024

April 14, 2024 | investorplace.com

Next Big Thing: 3 Tech Stocks to Outperform the Market by 2028

April 14, 2024 | americanbankingnews.com

GigaCloud Technology (NASDAQ:GCT) Trading Down 4.6% on Insider Selling

April 13, 2024 | americanbankingnews.com

GigaCloud Technology (NASDAQ:GCT) Shares Gap Up to $31.02

April 12, 2024 | markets.businessinsider.com

GigaCloud Technology, Inc.: Strong Buy on Robust Growth and Positive Financial Outlook

April 9, 2024 | americanbankingnews.com

GigaCloud Technology (NASDAQ:GCT) Trading Down 4.5% Following Insider Selling

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Catalog & mail-order houses
Sub-Industry: N/A
Current Symbol: NASDAQ:GCT
CUSIP: N/A
CIK: 1857816
Web: www.gigacloudtech.com
Phone: 852-2369-8219
Fax: N/A
Employees: 1,362
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $35.00
High Stock Price Target: $35.00
Low Stock Price Target: $35.00
Potential Upside/Downside: -4.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.30
Trailing P/E Ratio: 16.00
Forward P/E Ratio: 14.27
P/E Growth: N/A
Net Income: $94.11 million
Net Margins: 13.37%
Pretax Margin: 16.34%
Return on Equity: 36.40%
Return on Assets: 15.41%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.91
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: $703.83 million
Price / Sales: 2.13
Cash Flow: $2.51 per share
Price / Cash Flow: 14.67
Book Value: $7.14 per share
Price / Book: 5.16

Miscellaneous

Outstanding Shares: 40,690,000
Free Float: 22,255,000
Market Cap: $1.50 billion
Optionable: Not Optionable
Beta: 2.26

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Key Executives

Mr. Lei Wu (Age 51)
Founder, Chairman & CEO
Mr. Iman Schrock (Age 39)
President
Mr. Kwok Hei Lau (Age 39)
Chief Financial Officer
Mr. Xin Wan (Age 45)
Chief Technology Officer
Ms. Zoe Wong
General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GCT Stock Analysis - Frequently Asked Questions

Should I buy or sell GigaCloud Technology stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GigaCloud Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 12 month target prices for GigaCloud Technology's stock. Their GCT share price targets range from $35.00 to $35.00. On average, they anticipate the company's stock price to reach $35.00 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
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 103.5% and is now trading at $37.24.
View the best growth stocks for 2024 here.
Are investors shorting GigaCloud Technology?: GigaCloud Technology saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,810,000 shares, an increase of 8.1% from the March 15th total of 2,600,000 shares. Based on an average trading volume of 3,160,000 shares, the short-interest ratio is presently 0.9 days. Approximately 17.0% of the shares of the company are sold short.
View GigaCloud Technology's Short Interest.
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) announced its earnings results on Friday, March, 15th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.29. The business earned $244.74 million during the quarter, compared to the consensus estimate of $220.30 million. GigaCloud Technology had a trailing twelve-month return on equity of 36.40% and a net margin of 13.37%.

What ETF holds GigaCloud Technology's stock?: Barrons 400 ETF holds 11,270 shares of GCT stock, representing 0.29% of its portfolio.
What guidance has GigaCloud Technology issued on next quarter's earnings?: GigaCloud Technology updated 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 served as the underwriter for the IPO.
Who are GigaCloud Technology's major shareholders?: GigaCloud Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Harbour Capital Advisors LLC (0.07%), SeaCrest Wealth Management LLC (0.04%) and Banque Cantonale Vaudoise (0.00%). Insiders that own company stock include David Kwok Hei Lau, Frank Hurst Lin, Lei Wu, Xin Wan 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 4/19/2024 by MarketBeat.com Staff

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