GigaCloud Technology (GCT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $22.50 to $25.12
• 50-Day Range: $16.17 to $29.43
• 52-Week Range: $6.71 to $45.18
• Volume: 4.12 million shs
• Average Volume: 2.36 million shs
• Market Capitalization: $969.34 million
• P/E Ratio: 9.25
• Dividend Yield: N/A
• Price Target: $51.33
• Consensus Rating: Buy

GigaCloud Technology Stock Analysis - MarketRank™

GigaCloud Technology scored higher than 83% of companies evaluated by MarketBeat, and ranked 63rd out of 353 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

GigaCloud Technology has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

GigaCloud Technology has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 23.22%

Earnings Growth

Earnings for GigaCloud Technology are expected to grow by 23.22% in the coming year, from $2.67 to $3.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of GigaCloud Technology is 9.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of GigaCloud Technology is 9.25, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 23.57.

Price to Book Value per Share Ratio

GigaCloud Technology has a P/B Ratio of 3.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.16% 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 4.3.

Change versus previous month

Short interest in GigaCloud Technology has recently decreased by 0.17%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

GigaCloud Technology does not currently pay a dividend.

Dividend Growth

GigaCloud Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

27.16% 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 4.3.

Change versus previous month

Short interest in GigaCloud Technology has recently decreased by 0.17%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.79

News Sentiment

GigaCloud Technology has a news sentiment score of 0.79. 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 0.65 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for GigaCloud Technology this week, compared to 8 articles on an average week.

Search Interest

60 people have searched for GCT on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.

MarketBeat Follows

14 people have added GigaCloud Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 27% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, GigaCloud Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

43.00% 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.

GCT Stock Analysis - Frequently Asked Questions

How have GCT shares performed this year?

GigaCloud Technology's stock was trading at $18.30 at the beginning of the year. Since then, GCT stock has increased by 29.8% and is now trading at $23.76.
View the best growth stocks for 2024 here.

How were GigaCloud Technology's earnings last quarter?

GigaCloud Technology Inc. (NASDAQ:GCT) announced its quarterly earnings results on Tuesday, August, 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.32. GigaCloud Technology's revenue was up 102.8% compared to the same quarter last year.

When did GigaCloud Technology IPO?

GigaCloud Technology (GCT) raised $36 million in an IPO on Thursday, August 18th 2022. The company issued 2,900,000 shares at $12.25 per share. Aegis Capital acted as the underwriter for the IPO.

Who are GigaCloud Technology's major shareholders?

GigaCloud Technology's top institutional investors include Susquehanna International Group LLP, Raymond James & Associates (0.28%), Kayne Anderson Rudnick Investment Management LLC (0.22%) and Aptus Capital Advisors LLC (0.21%). Insiders that own company stock include Frank Hurst Lin, Xin Wan, Xinyan Hao, Lei Wu, David Kwok Hei Lau and Iman Aj Schrock.
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.

Company Calendar

• Last Earnings: 8/06/2024
• Today: 9/28/2024
• Next Earnings (Estimated): 12/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Catalog & mail - order houses
• Sub-Industry: Retail
• 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: $51.33
• High Stock Price Target: $69.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: +116.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.57
• Trailing P/E Ratio: 9.25
• Forward P/E Ratio: 8.90
• P/E Growth: N/A
• Net Income: $94.11 million
• Net Margins: 11.57%
• Pretax Margin: 13.71%
• Return on Equity: 39.75%
• Return on Assets: 14.23%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.98
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: $984.85 million
• Price / Sales: 0.98
• Cash Flow: $3.15 per share
• Price / Cash Flow: 7.54
• Book Value: $7.12 per share
• Price / Book: 3.34

Miscellaneous

• Outstanding Shares: 40,797,000
• Free Float: 23,254,000
• Market Cap: $969.34 million
• Optionable: Not Optionable
• Beta: 1.76