Stocks of GigaCloud Technology Inc. (NASDAQ:GCT) traded higher last session on Wall Street, down -3.62% to $5.86.
GCT stock price is now -5.95% away from the 50-day moving average and -39.73% away from the 200-day moving average. The market capitalization of the company currently stands at $240.32M.
With the price target of $26, Aegis Capital recently initiated with Buy rating for GigaCloud Technology Inc. (NASDAQ: GCT).
A total of 28.23% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GCT stock. A new stake in GigaCloud Technology Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $825,000. VERITION FUND MANAGEMENT LLC invested $193,000 in shares of GCT during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in GigaCloud Technology Inc. valued at approximately $182,000. UBS GROUP AG acquired a new stake in GCT for approximately $36,000. TOWER RESEARCH CAPITAL LLC (TRC) purchased a new stake in GCT valued at around $7,000 in the second quarter. In total, there are 1 active investors with 25.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $6.01 for GigaCloud Technology Inc. (NASDAQ: GCT). During the past 12 months, GigaCloud Technology Inc. has had a low of $4.14 and a high of $62.00. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 2.50, and a quick ratio of 1.60. The fifty day moving average price for GCT is $6.23 and a two-hundred day moving average price translates $9.72 for the stock.
The latest earnings results from GigaCloud Technology Inc. (NASDAQ: GCT) was released for Jun, 2022. For the current quarter, analysts expect GCT to generate $123.5M in revenue.
GigaCloud Technology Inc.(GCT) Company Profile
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 Suzhou, China.