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: $17.93 to $19.38
• 50-Day Range: $17.72 to $27.93
• 52-Week Range: $15.18 to $45.18
• Volume: 740,447 shs
• Average Volume: 2.14 million shs
• Market Capitalization: $740.36 million
• P/E Ratio: 5.72
• Dividend Yield: N/A
• Price Target: $51.33
• Consensus Rating: Buy

GigaCloud Technology Stock Analysis - MarketRank™

GigaCloud Technology scored higher than 88% of companies evaluated by MarketBeat, and ranked 43rd out of 332 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 received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 24.40%

Earnings Growth

Earnings for GigaCloud Technology are expected to grow by 24.40% in the coming year, from $2.91 to $3.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of GigaCloud Technology is 5.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of GigaCloud Technology is 5.72, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.35.

Price to Book Value per Share Ratio

GigaCloud Technology has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

23.13% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in GigaCloud Technology has recently decreased by 12.29%, indicating that investor sentiment is improving significantly.

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

23.13% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in GigaCloud Technology has recently decreased by 12.29%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.69

News Sentiment

GigaCloud Technology has a news sentiment score of 0.69. 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 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for GigaCloud Technology this week, compared to 8 articles on an average week.

Search Interest

Only 25 people have searched for GCT on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.

MarketBeat Follows

19 people have added GigaCloud Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 90% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, GigaCloud Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $61,233,745.00 in 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 on January 1st, 2024. Since then, GCT shares have decreased by 1.3% and is now trading at $18.07.
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 data on Tuesday, August, 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.32. The company'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 initial public offering (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?

Top institutional shareholders of GigaCloud Technology include Geode Capital Management LLC (1.40%), State Street Corp (1.21%), Franklin Resources Inc. (1.00%) and Harvest Fund Management Co. Ltd (0.73%). Insiders that own company stock include Frank Hurst Lin, Xinyan Hao, Lei Wu, David Kwok Hei Lau, Iman Aj Schrock and Xin Wan.
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.

What other stocks do shareholders of GigaCloud Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that GigaCloud Technology investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Super Micro Computer (SMCI), AppLovin (APP) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 12/23/2024
• 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: +183.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.16
• Trailing P/E Ratio: 5.74
• Forward P/E Ratio: 6.23
• P/E Growth: N/A
• Net Income: $94.11 million
• Net Margins: 11.75%
• Pretax Margin: 13.79%
• Return on Equity: 40.32%
• Return on Assets: 13.94%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.13
• Quick Ratio: 1.39

Sales & Book Value

• Annual Sales: $1.11 billion
• Price / Sales: 0.67
• Cash Flow: $2.02 per share
• Price / Cash Flow: 8.99
• Book Value: $7.12 per share
• Price / Book: 2.55

Miscellaneous

• Outstanding Shares: 40,972,000
• Free Float: 23,354,000
• Market Cap: $742.82 million
• Optionable: Not Optionable
• Beta: 1.74