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GigaCloud Technology Inc. (GCT-Q)
NASDAQ:GCT
21.37
0.62
(2.82%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 6 opinions in the last 12 months.
GigaCloud Technology Inc. (GCT-Q) is a global direct to consumer shipper of large home products. The company has shown strong growth in net earnings, cash reserves, and a reduction in debt. Its marketplace platform for manufacturers of larger parcels is gaining traction. The stock is cheap on an earnings basis and is growing fast. However, it has a significant amount of debt, which may impact its future equity issue. Despite this, the stock is priced well, and recent results and guidance have been positive.
$24.060
Unknown
GCT offers a marketplace platform for manufacturers of larger parcels like furniture, appliances and fitness equipment in Asia with buyers in North America and Europe. It trades at 9x earnings, under 3x book and supports a 38% ROE. Cash reserves are growing, while debt is retired. We recommend setting a stop-loss at $16, looking to achieve $32 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $51.37)Our data shows 16.7% short. We tend to ignore anything below 5%, and at 10% we like to understand the short thesis. 16.7% is quite high but in and of itself does not mean much. The stock is up 586% in a year so shorts have clearly been crushed. It is very cheap on an earnings basis but growing fast. It does have a lot of debt so shorts may look to cover on an equity issue one day. It is a small company, and with the short interest we would expect heightened volatility, certainly. Recent results were good and guidance was affirmed. So fundamentally it looks OK and is still priced well.
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The btb global shipper of large bulky items (fitness equipment, furniture, etc.) has 33 warehouses worldwide with over 5000 businesses from India to Canada. It trades at 13x earnings, 4x book and supports a 38% ROE. Cash reserves are growing, while debt is retired and shares bought back. We recommend setting a stop-loss at $15, looking to achieve $39 -- upside potential of 18%. Yield 0%
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GigaCloud Technology Inc.(GCT-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
GigaCloud Technology Inc.(GCT-Q) Frequently Asked Questions
What is GigaCloud Technology Inc. stock symbol?
GigaCloud Technology Inc. is a American stock, trading under the symbol GCT-Q on the NASDAQ (GCT). It is usually referred to as NASDAQ:GCT or GCT-Q
Is GigaCloud Technology Inc. a buy or a sell?
In the last year, 3 stock analysts published opinions about GCT-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for GigaCloud Technology Inc..
Is GigaCloud Technology Inc. a good investment or a top pick?
GigaCloud Technology Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for GigaCloud Technology Inc..
Why is GigaCloud Technology Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is GigaCloud Technology Inc. worth watching?
3 stock analysts on Stockchase covered GigaCloud Technology Inc. In the last year. It is a trending stock that is worth watching.
What is GigaCloud Technology Inc. stock price?
On 2024-12-11, GigaCloud Technology Inc. (GCT-Q) stock closed at a price of $21.37.
We reiterate this global direct to consumer shipper or larger home products as a TOP PICK following recently released earnings, showing a 68% increase in net earnings, We like that cash reserves are growing and debt is retired. It trades at 10x earnings and supports a robust 39% ROE. We recommend trailing up the stop (from $16) to $18, looking to achieve $31 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $51.37)