Stocks of GigaCloud Technology Inc (NASDAQ:GCT) traded higher last session on Wall Street, down -5.81% to $33.58.
GCT stock price is now 9.07% away from the 50-day moving average and 106.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.37B.
With the price target of $13, ROTH MKM recently initiated with Buy rating for GigaCloud Technology Inc (NASDAQ: GCT). On October 03, 2022, Aegis Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $26
In other news, Wu Lei, Chief Executive Officer sold 1,000 shares of the company’s stock on Apr 02 ’24. The stock was sold for $30,833 at an average price of $30.83. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,247,994 shares in the company, valued at $41.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Executive Officer Wu Lei sold 1,000 shares of the business’s stock. A total of $29,527 was realized by selling the stock at an average price of $29.53. This leaves the insider owning 1,248,994 shares of the company worth $41.94 million. A total of 59.40% of the company’s stock is owned by insiders.
During the past 12 months, GigaCloud Technology Inc has had a low of $4.93 and a high of $45.18. As of last week, the company has a debt-to-equity ratio of 1.39, a current ratio of 1.91, and a quick ratio of 1.26. The fifty day moving average price for GCT is $30.79 and a two-hundred day moving average price translates $16.26 for the stock.
The latest earnings results from GigaCloud Technology Inc (NASDAQ: GCT) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.94, beating analysts’ expectations of $0.58 by 0.36. This compares to $0.31 EPS in the same period last year. The net profit margin was 13.37% and return on equity was 38.75% for GCT. The company reported revenue of $244.74 million for the quarter, compared to $125.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 94.85 percent. For the current quarter, analysts expect GCT to generate $235M in revenue.
