Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. GigaCloud Technology Inc’s current trading price is -45.09% away from its 52-week high, while its distance from the 52-week low is 216.25%. The stock’s price range during this period has varied between $7.84 and $45.18. The company, active in the Technology sector, saw a trading volume of around 1.41 million for the day, considerably lower average daily volume of 1.5 million observed over the last three months.
GigaCloud Technology Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $45.18 on 03/15/24, and the lowest price during the same period was recorded at $7.84 on 10/27/23.
How Financial Performance Impacts Market Capitalization
GigaCloud Technology Inc (GCT) has experienced a quarterly decline of -7.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.02B and boasts a workforce of 1362 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 25.52, with a change in price of -6.33. Similarly, GigaCloud Technology Inc recorded 1,477,121 in trading volume during the last 100 days, posting a change of -20.33%.
How GCT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GCT stands at 1.44. Similarly, the long-term debt-to-equity ratio is also 1.23.
GCT Stock Stochastic Average
As of today, the raw stochastic average of GigaCloud Technology Inc over the past 50 days is 68.50%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 51.82%. Additionally, the Stochastic %K and %D values for the company were 67.55% and 71.06%, respectively, over the past 20 days.
GCT Stock Price Performance Analysis
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 35.61%.However, over the last six months, we can see a stronger performance of -30.91%. Over the last 30 days, the price of GCT has fallen by 31.83%. And in the last five days, it has surged by 0.94%.
