NASDAQ:GCT GigaCloud Technology (GCT) Stock Forecast, Price & News $6.73 -0.02 (-0.30%) (As of 03:45 PM ET) Add Compare Share Share Today's Range$6.41▼$6.8950-Day Range$5.01▼$7.1652-Week Range$4.14▼$62.00Volume442,631 shsAverage Volume540,724 shsMarket Capitalization$273.81 millionP/E Ratio7.83Dividend YieldN/APrice Target$26.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media GigaCloud Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside291.0% Upside$26.00 Price TargetShort InterestHealthy2.67% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.09 out of 5 starsBusiness Services Sector279th out of 684 stocksCatalog & Mail-Order Houses Industry11th out of 28 stocks 3.5 Analyst's Opinion Consensus RatingGigaCloud Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.00, GigaCloud Technology has a forecasted upside of 291.0% from its current price of $6.65.Amount of Analyst CoverageGigaCloud Technology has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.67% of the float of GigaCloud Technology has been sold short.Short Interest Ratio / Days to CoverGigaCloud Technology has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldGigaCloud Technology does not currently pay a dividend.Dividend GrowthGigaCloud Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GCT. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for GigaCloud Technology this week, compared to 2 articles on an average week.Search Interest9 people have searched for GCT on MarketBeat in the last 30 days. MarketBeat Follows3 people have added GigaCloud Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, GigaCloud Technology insiders have not sold or bought any company stock.Percentage Held by Insiders45.30% 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 InstitutionsOnly 19.93% of the stock of GigaCloud Technology is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of GigaCloud Technology is 7.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.77.Price to Earnings Ratio vs. SectorThe P/E ratio of GigaCloud Technology is 7.73, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 278.76.Price to Book Value per Share RatioGigaCloud Technology has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About GigaCloud Technology (NASDAQ:GCT) StockGigaCloud 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.Read More Receive GCT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for GigaCloud Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address GCT Stock News HeadlinesMay 25, 2023 | seekingalpha.comGigaCloud Technology GAAP EPS of $0.39 beats by $0.26, revenue of $127.8M beats by $3.55MMay 24, 2023 | finance.yahoo.comQ1 2023 GigaCloud Technology Inc Earnings CallJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 24, 2023 | markets.businessinsider.comWhy GigaCloud Shares Are Moving WednesdayMay 24, 2023 | markets.businessinsider.comGigaCloud Surges On Improved Quarterly ResultsMay 24, 2023 | finance.yahoo.comGigaCloud Technology Inc Announces First Quarter 2023 Financial Results, Reaching Highest Profitability in the Company’s HistoryMay 19, 2023 | wsj.comGigaCloud Technology Inc.May 18, 2023 | finance.yahoo.comGigaCloud to Participate and Present at Upcoming LD Micro Invitational XIII ConferenceJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 17, 2023 | finance.yahoo.comGigaCloud Technology Inc to Announce First Quarter 2023 Financial Results on May 24, 2023May 17, 2023 | americanbankingnews.comFinancial Survey: GigaCloud Technology (NASDAQ:GCT) & ContextLogic (NASDAQ:WISH)May 8, 2023 | finance.yahoo.comGigaCloud Technology Inc Honored as Bronze Stevie® Award Winner in 2023 American Business Awards®April 28, 2023 | seekingalpha.comGCT GigaCloud Technology Inc.April 28, 2023 | finance.yahoo.comGigaCloud Technology Inc.'s (NASDAQ:GCT) top owners are individual investors with 30% stake, while 28% is held by insidersApril 24, 2023 | finance.yahoo.comGigaCloud Technology Inc Files Its Annual Report on Form 20-F for Fiscal Year 2022April 24, 2023 | americanbankingnews.comHead to Head Analysis: GigaCloud Technology (GCT) versus Its RivalsApril 23, 2023 | americanbankingnews.comGigaCloud Technology (GCT) vs. The Competition Financial ComparisonApril 22, 2023 | americanbankingnews.comContrasting GigaCloud Technology (GCT) & Its RivalsApril 21, 2023 | americanbankingnews.comGigaCloud Technology (GCT) and Its Rivals Head-To-Head ContrastApril 21, 2023 | americanbankingnews.comHead-To-Head Contrast: GigaCloud Technology (GCT) vs. Its CompetitorsApril 20, 2023 | americanbankingnews.comReviewing GigaCloud Technology (GCT) and The CompetitionApril 19, 2023 | americanbankingnews.comGigaCloud Technology (GCT) & Its Competitors Head-To-Head AnalysisApril 15, 2023 | americanbankingnews.comGigaCloud Technology (GCT) and The Competition Critical SurveyApril 15, 2023 | americanbankingnews.comReviewing GigaCloud Technology (GCT) & The CompetitionApril 15, 2023 | americanbankingnews.comHead to Head Review: GigaCloud Technology (GCT) & The CompetitionApril 15, 2023 | americanbankingnews.comCritical Analysis: GigaCloud Technology (GCT) versus The CompetitionApril 15, 2023 | americanbankingnews.comGigaCloud Technology (GCT) & Its Peers Head-To-Head SurveySee More Headlines GCT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GCT Company Calendar Last Earnings3/17/2023Today6/01/2023Next Earnings (Estimated)9/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Catalog & mail-order houses Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:GCT CUSIPN/A CIK1857816 Webwww.gigacloudtech.com Phone852-2369-8219FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Forecast$26.00 High Stock Price Forecast$26.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+291.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.86 Trailing P/E Ratio7.73 Forward P/E RatioN/A P/E GrowthN/ANet Income$23.97 million Net Margins6.96% Pretax Margin6.36% Return on Equity18.02% Return on Assets8.40% Debt Debt-to-Equity RatioN/A Current Ratio2.51 Quick Ratio1.75 Sales & Book Value Annual Sales$490.07 million Price / Sales0.55 Cash Flow$0.61 per share Price / Cash Flow10.85 Book Value$4.80 per share Price / Book1.39Miscellaneous Outstanding Shares40,690,000Free Float22,255,000Market Cap$270.59 million OptionableNot Optionable BetaN/A Key ExecutivesMr. Lei Wu (Age 51)Founder, Chairman & CEO Mr. Kwok Hei Lau (Age 38)Chief Financial Officer Mr. Xin Wan (Age 43)CTO & Director Key CompetitorsPriority TechnologyNASDAQ:PRTHNextNavNASDAQ:NNSpree Acquisition Corp. 1NYSE:SHAPBurning Rock BiotechNASDAQ:BNRBit DigitalNASDAQ:BTBTView All CompetitorsInstitutional OwnershipTwo Sigma Investments LPBought 11,993 shares on 5/15/2023Ownership: 0.029%BlackRock Inc.Bought 36,218 shares on 5/12/2023Ownership: 0.112%Renaissance Technologies LLCBought 14,200 shares on 5/12/2023Ownership: 0.035%View All Institutional Transactions GCT Stock - Frequently Asked Questions Should I buy or sell GigaCloud Technology stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GigaCloud Technology in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GCT shares. View GCT analyst ratings or view top-rated stocks. What is GigaCloud Technology's stock price forecast for 2023? 1 brokerages have issued 1 year target prices for GigaCloud Technology's shares. Their GCT share price forecasts range from $26.00 to $26.00. On average, they predict the company's stock price to reach $26.00 in the next year. This suggests a possible upside of 291.0% from the stock's current price. View analysts price targets for GCT or view top-rated stocks among Wall Street analysts. How have GCT shares performed in 2023? GigaCloud Technology's stock was trading at $5.69 at the beginning of the year. Since then, GCT stock has increased by 16.9% and is now trading at $6.65. View the best growth stocks for 2023 here. When is GigaCloud Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, September 29th 2023. View our GCT earnings forecast. How were GigaCloud Technology's earnings last quarter? GigaCloud Technology Inc. (NASDAQ:GCT) issued its earnings results on Friday, March, 17th. The company reported $0.31 earnings per share (EPS) for the quarter. GigaCloud Technology had a net margin of 6.96% and a trailing twelve-month return on equity of 18.02%. What guidance has GigaCloud Technology issued on next quarter's earnings? GigaCloud Technology updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$145.00 million. When did GigaCloud Technology IPO? (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 served as the underwriter for the IPO. What is GigaCloud Technology's stock symbol? GigaCloud Technology trades on the NASDAQ under the ticker symbol "GCT." Who are GigaCloud Technology's major shareholders? GigaCloud Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.11%), Renaissance Technologies LLC (0.03%) and Two Sigma Investments LP (0.03%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is GigaCloud Technology's stock price today? One share of GCT stock can currently be purchased for approximately $6.65. How much money does GigaCloud Technology make? GigaCloud Technology (NASDAQ:GCT) has a market capitalization of $270.59 million and generates $490.07 million in revenue each year. The company earns $23.97 million in net income (profit) each year or $0.86 on an earnings per share basis. How can I contact GigaCloud Technology? The official website for the company is www.gigacloudtech.com. The company can be reached via phone at 852-2369-8219 or via email at investor.relations@gigacloudtech.com. This page (NASDAQ:GCT) was last updated on 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding GigaCloud Technology Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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