GigaCloud Technology Inc (GCT): Are Investors Missing The Big Picture?

GigaCloud Technology Inc (NASDAQ:GCT) does about 2.32M shares in volume on a normal day but saw 706058 shares change hands in the recent trading day. The company now has a market cap of 1.28B USD. Its current market price is $31.44, marking an increase of 0.29% compared to the previous close of $31.35. The 52 week high reached by this stock is $45.18 whilst the lowest price level in 52 weeks is $6.71.

GigaCloud Technology Inc (GCT) has a 20-day trading average at $30.92 and the current price is -30.41% off the 52-week high compared with 368.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $32.80 and its 200-day simple moving average is $23.91. If we look at the stock’s price movements over the week, volatility stands at 4.97%, which increases to 5.14% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.21 to suggest the stock is neutral.

The consensus objective for the share price is $52.33, suggesting that the stock has a potential upside of 39.92% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 22, 2024 when Maxim Group initiated the stock to “Buy” and issued a price target of $69. Aegis Capital initiated its price target at $26.

GigaCloud Technology Inc (GCT) stock is down -1.75% over the week and 4.45% over the past month. Its price is 71.85% year-to-date and 340.95% over the past year.

To reach the target analysts have set, the stock logically needs to grow 39.92 percent from here.

The company has a return on investment of 14.66% and return on equity of 39.82%. The price to earnings ratio (P/E ratio) amounts to 12.21 while the forward price to earnings ratio is 8.16. The beta has a value of 1.79. Price to book ratio is 4.04 and price to sales ratio is 1.55.