NASDAQ:GCT

GigaCloud Technology (GCT) Stock Price, News & Analysis

$35.66
-0.25 (-0.70%)
(As of 10:28 AM ET)
Today's Range
$33.78
$35.75
50-Day Range
$25.60
$43.15
52-Week Range
$4.93
$45.18
Volume
600,192 shs
Average Volume
3.10 million shs
Market Capitalization
$1.45 billion
P/E Ratio
15.50
Dividend Yield
N/A
Price Target
$35.00

GigaCloud Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
2.5% Downside
$35.00 Price Target
Short Interest
Bearish
17.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of GigaCloud Technology in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$18.42 M Sold Last Quarter
Proj. Earnings Growth
22.15%
From $2.98 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.

1.98 out of 5 stars

Business Services Sector

241st out of 305 stocks

Catalog & Mail-Order Houses Industry

18th out of 21 stocks

GCT stock logo

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

GCT Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
3/15/2024
Today
4/25/2024
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
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
-0.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$94.11 million
Pretax Margin
16.34%

Debt

Sales & Book Value

Annual Sales
$703.83 million
Cash Flow
$2.27 per share
Book Value
$7.14 per share

Miscellaneous

Free Float
22,255,000
Market Cap
$1.43 billion
Optionable
Not Optionable
Beta
2.26
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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 year. 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 12 month price objectives for GigaCloud Technology's shares. Their GCT share price targets range from $35.00 to $35.00. On average, they anticipate the company's share price to reach $35.00 in the next year. This suggests that the stock has a possible downside of 2.5%.
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 start of the year. Since then, GCT stock has increased by 96.2% and is now trading at $35.91.
View the best growth stocks for 2024 here
.

Are investors shorting GigaCloud Technology?

GigaCloud Technology saw a increase in short interest in 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 days-to-cover ratio is presently 0.9 days. Approximately 17.0% of the shares of the stock are short sold.
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) posted its quarterly earnings data on Friday, March, 15th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.29. The business had revenue of $244.74 million for 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 ETFs hold GigaCloud Technology's stock?

ETFs with the largest weight of GigaCloud Technology (NASDAQ:GCT) stock in their portfolio include Global X E-Commerce ETF (EBIZ).Barrons 400 ETF (BFOR).

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 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 $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 many different retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Nations Financial Group Inc. IA ADV (0.11%), 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 4/25/2024 by MarketBeat.com Staff

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