Investing In GigaCloud Technology Inc (NASDAQ: GCT): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed GigaCloud Technology Inc Recognized as Winner in Furniture Today’s 2023 Reader Rankings.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. The current market capitalization of GigaCloud Technology Inc is $1.20B. A total of 1.81 million shares were traded on the day, compared to an average of 2.02M shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for GCT in the last 3 months, the mean price target is $29.00 with high estimates of $30.00 and low estimates of $28.00. In terms of 52-week highs and lows, GCT has a high of $29.92 and a low of $4.79.

As of this writing, GCT has an earnings estimate of $0.58 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.58. The company reported an EPS of $0.45 in the last quarter, which was 21.60% higher than expectations of $0.37.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GCT’s latest balance sheet shows that the firm has $63.20M in Cash & Short Term Investments as of fiscal 2021. There were $5.27M in debt and $57.04M in liabilities at the time. Its Book Value Per Share was $6.27, while its Total Shareholder’s Equity was $125.83M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GCT is Buy with a score of 5.00.

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