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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
WARNING to all American Investors (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
10 Ways Entrepreneurs Can Navigate a Down Economy
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Drought-struck Barcelona quenches thirst with costly desalination
Open vs. Anonymous Employee Feedback — Which is Better?
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
WARNING to all American Investors (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
10 Ways Entrepreneurs Can Navigate a Down Economy
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Drought-struck Barcelona quenches thirst with costly desalination
Open vs. Anonymous Employee Feedback — Which is Better?
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
WARNING to all American Investors (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
10 Ways Entrepreneurs Can Navigate a Down Economy
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Drought-struck Barcelona quenches thirst with costly desalination
Open vs. Anonymous Employee Feedback — Which is Better?
NASDAQ:GCT

GigaCloud Technology (GCT) Stock Forecast, Price & News

$6.45
+0.66 (+11.40%)
(As of 05/26/2023 04:00 PM ET)
Compare
Today's Range
$5.90
$7.50
50-Day Range
$5.01
$7.16
52-Week Range
$4.14
$62.00
Volume
5.40 million shs
Average Volume
532,235 shs
Market Capitalization
$262.45 million
P/E Ratio
7.50
Dividend Yield
N/A
Price Target
$26.00

GigaCloud Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
303.1% Upside
$26.00 Price Target
Short Interest
Healthy
2.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.64mentions of GigaCloud Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Business Services Sector

129th out of 346 stocks

Catalog & Mail - Order Houses Industry

4th out of 11 stocks


GCT stock logo

About GigaCloud Technology (NASDAQ:GCT) Stock

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.

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GCT Stock News Headlines

Q1 2023 GigaCloud Technology Inc Earnings Call
Sell every Stock except ONE
Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...
Why GigaCloud Shares Are Moving Wednesday
GigaCloud Surges On Improved Quarterly Results
GigaCloud Technology Inc.
Sell every Stock except ONE
Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...
GCT GigaCloud Technology Inc.
Contrasting GigaCloud Technology (GCT) & Its Rivals
GigaCloud Technology (GCT) and Its Rivals Head-To-Head Contrast
Reviewing GigaCloud Technology (GCT) and The Competition
GigaCloud Technology (GCT) and The Competition Critical Survey
Reviewing GigaCloud Technology (GCT) & The Competition
GigaCloud Technology (GCT) & Its Peers Head-To-Head Survey
See More Headlines
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GCT Company Calendar

Last Earnings
3/17/2023
Today
5/29/2023
Next Earnings (Estimated)
9/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
N/A
Current Symbol
NASDAQ:GCT
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+303.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$23.97 million
Pretax Margin
6.36%

Debt

Sales & Book Value

Annual Sales
$490.07 million
Cash Flow
$0.62 per share
Book Value
$4.80 per share

Miscellaneous

Free Float
N/A
Market Cap
$262.45 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Lei Wu (Age 51)
    Founder, Chairman & CEO
  • Mr. Kwok Hei Lau (Age 38)
    Chief Financial Officer
  • Mr. Xin Wan (Age 43)
    CTO & Director













GCT Stock - Frequently Asked Questions

Should I buy or sell GigaCloud Technology stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GigaCloud Technology in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research 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 equities research analysts have issued 1 year price objectives for GigaCloud Technology's stock. Their GCT share price forecasts range from $26.00 to $26.00. On average, they anticipate the company's share price to reach $26.00 in the next year. This suggests a possible upside of 303.1% 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 shares have increased by 13.4% and is now trading at $6.45.
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) announced its quarterly earnings data on Friday, March, 17th. The company reported $0.31 earnings per share (EPS) for the quarter. GigaCloud Technology had a trailing twelve-month return on equity of 18.02% and a net margin of 6.96%.

What guidance has GigaCloud Technology issued on next quarter's earnings?

GigaCloud Technology issued an update on 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 a price of $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 a number of retail and institutional investors. Top institutional investors 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 $6.45.

How much money does GigaCloud Technology make?

GigaCloud Technology (NASDAQ:GCT) has a market capitalization of $262.45 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 5/29/2023 by MarketBeat.com Staff

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