The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 79.23%.However, over the last six months, we can see a weaker performance of 245.89%. Over the last 30 days, the price of GCT has leaped by -9.82%. And in the last five days, it has fallen by -8.31%.
GigaCloud Technology Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $45.18 on 03/15/24 and a low of $5.79 for the same time frame on 05/25/23.
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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 -27.42% away from its 52-week high, while its distance from the 52-week low is 466.32%. The stock’s price range during this period has varied between$5.79 and $45.18. The GigaCloud Technology Inc’s shares, which operate in the Technology, saw a trading volume of around 1.12 million for the day, a figure considerably lower than their average daily volume of 3.13 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
GigaCloud Technology Inc (GCT) has experienced a quarterly decline of -1.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.33B and boasts a workforce of 1362 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 31.04, with a change in price of +12.53. Similarly, GigaCloud Technology Inc recorded 3,097,759 in trading volume during the last 100 days, posting a change of +62.46%.
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 1.48. Similarly, the long-term debt-to-equity ratio is also 1.26.
GCT Stock Stochastic Average
As of today, GigaCloud Technology Inc’s raw stochastic average for the last 50 days stands at 37.24%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 45.80%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 39.59% and 27.96%, respectively.
