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GCT: Riding the Market Waves of Growth and Decline in 2023

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 75.75%.However, over the last six months, we can see a weaker performance of 89.75%. Over the last 30 days, the price of GCT has leaped by -15.90%. And in the last five days, it has fallen by -43.60%.

At present, GigaCloud Technology Inc. (GCT) has a stock price of $10.00. In the previous session, the stock saw a rise, peaking at $11.60 after an opening price of $11.38. The day’s lowest price was $9.70, and it closed at $11.45.

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GigaCloud Technology Inc. experienced a rather shaky stock market performance. The highest value in the past year was recorded at $18.60 on 09/12/23 and the lowest value was $4.14 on 11/03/22.

52-week price history of GCT Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. GigaCloud Technology Inc.’s current trading price is -46.24% away from its 52-week high, while its distance from the 52-week low is 141.55%. The stock’s price range during this period has varied between$4.14 and $18.60. The GigaCloud Technology Inc.’s shares, which operate in the Technology, saw a trading volume of around 1.96 million for the day, a figure considerably higher than their average daily volume of 0.66 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

GigaCloud Technology Inc. (GCT) has experienced a quarterly rise of 23.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 426.80M and boasts a workforce of 764 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 8.58, with a change in price of +4.70. Similarly, GigaCloud Technology Inc. recorded 947,158 in trading volume during the last 100 days, posting a change of +88.68%.

GCT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GCT stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

GCT Stock Stochastic Average

GigaCloud Technology Inc.’s raw stochastic average for the past 50 days is presently 25.80%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 3.37%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 13.27% and 21.24%, respectively.

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