GigaCloud Technology Inc. (GCT)
| Market Cap | 978.81M |
| Revenue (ttm) | 1.11B |
| Net Income (ttm) | 130.42M |
| Shares Out | 40.97M |
| EPS (ttm) | 3.17 |
| PE Ratio | 7.54 |
| Forward PE | 7.29 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 636,601 |
| Open | 23.71 |
| Previous Close | 23.64 |
| Day's Range | 23.43 - 24.36 |
| 52-Week Range | 12.10 - 45.18 |
| Beta | 1.73 |
| Analysts | Strong Buy |
| Price Target | 51.33 (+114.86%) |
| Earnings Date | Nov 7, 2024 |
About GCT
GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Orienta... [Read more]
Financial Performance
In 2023, GigaCloud Technology's revenue was $703.83 million, an increase of 43.62% compared to the previous year's $490.07 million. Earnings were $94.11 million, an increase of 541.11%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for GCT stock is "Strong Buy." The 12-month stock price forecast is $51.33, which is an increase of 114.86% from the latest price.
News
GigaCloud Falls On A Massive Earnings Beat: Buy The Drop
I believe GigaCloud Technology's recent stock dip is an overreaction; the company remains undervalued despite strong growth and exceeding Q3 2024 forecasts. GigaCloud's diverse revenue streams, expand...
GigaCloud Technology, Inc. (GCT) Q3 2024 Earnings Call Transcript
GigaCloud Technology, Inc. (NASDAQ:GCT) Q3 2024 Earnings Conference Call November 7, 2024 7:30 PM ET Company Participants Larry Lei Wu - Founder, Chairman, Director and Chief Executive Officer Iman S...
GigaCloud Technology Inc Announces Third Quarter and Nine Months Ended September 30, 2024 Financial Results
GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net I...
GigaCloud Technology Should Beat Earnings Again
GigaCloud Technology's stock has gained 33% since I last covered it, and I believe the upcoming Q3 FY2024 report could serve as a bullish catalyst for further recovery. GCT more than doubled its reven...
GigaCloud Technology Inc to Announce Third Quarter 2024 Financial Results and Host Conference Call on November 7, 2024
EL MONTE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merc...
GigaCloud's Expansion Sparks Concerns On Profitability
GigaCloud achieved over 100% YoY revenue growth in Q2 2024, reaching $311 million, demonstrating significant expansion. GCT's forward P/E of 8.82, compared to the sector median of 18.86, indicates und...
GigaCloud Technology: Hand Over Fist, I'm Buying The Pessimism
GigaCloud Technology is a strong buy due to robust platform dynamics and significant margin expansion potential, despite recent high short interest affecting stock performance. The company's 1P and 3P...
GigaCloud Stock: The Shorts Have This One Wrong
GigaCloud has demonstrated impressive growth. Short interest is rising despite these strong results. Despite risks, I think GCT offers upside.
GigaCloud: Conditions Are Good For The Stock To Climb
In this article, I provide an update about GigaCloud Technology stock. I argue that conditions are favorable for GCT stock to appreciate over the coming quarters. I discuss several reasons for this th...
GigaCloud Technology Inc (GCT) Shares Up 4.56% on Oct 2
Shares of GigaCloud Technology Inc (GCT, Financial) surged 4.56% in mid-day trading on Oct 2. The stock reached an intraday high of $27.49, before settling at $26.36, up from its previous close of $25...
Double Macro Tailwinds May Stimulate GigaCloud Stock To New Highs
GigaCloud Technology Inc. has seen a significant share price drop but recently surged over 10%. Is the bottom in? GigaCloud Technology's Q2 report showed doubled revenues and gross profit, but operati...
GigaCloud: Time To Double Down
GigaCloud's revenue growth is impressive, with a 103% YoY increase, despite slower EPS growth, indicating strong potential for future profitability. Institutional ownership is rising, and technical an...
GigaCloud Technology: The Bloodbath Should Stop Eventually
GigaCloud Technology Inc. remains a "Buy" despite a 45% stock decline, driven by strong fundamentals and potential margin improvements. GigaCloud's Q2 revenue doubled YoY, with significant GMV growth,...
GigaCloud Technology: Why I'm Blowing Away The Short Storm
I believe the short sellers have seriously underestimated GigaCloud's potential. GigaCloud's strong cash flow and growth prove the skeptics wrong. I'm confident that insider selling is not a red flag,...
GigaCloud: Bullish Support Missing - High Growth Goes Unrewarded For Now (Downgrade)
GCT has experienced a significant pullback since April 2024, leading to a downgrade to Hold (Neutral) due to market volatility. Despite robust FQ2'24 earnings and double-digit growth in GMV/ active bu...
GigaCloud: Now A Steal As Fears Likely Peaked
The short sellers have dealt GigaCloud investors a hammering, but don't be fooled into thinking GCT's game is over. GCT continues to scale rapidly, as it moves into more market segments. GigaCloud has...
GigaCloud Technology Stock: Beyond The 'Short Noise,' 5x EBITDA
GigaCloud Technology Inc. showed strong revenue growth in Q2 2024, but profitability was not as appealing. Despite negative market sentiment, GigaCloud Technology continues to execute well, doubling r...
GigaCloud Is An Amazing Business On Sale
GigaCloud is a B2B service provider facilitating transactions in the 'big and bulky' market, offering a solution for resellers' logistical challenges. GigaCloud's business is growing rapidly, with sig...
GigaCloud Technology: Strong Operating Results Vs. Potential Forensic Red Flags
GigaCloud has underperformed the S&P 500 by 19.02% since my last update on the stock, wherein I had a 'Neutral/Hold' rating to reflect performance in line with the S&P 500. Q2 FY24's results show oper...
GigaCloud Technology: Explosive Growth, Market Pricing In Disaster
GigaCloud Technology Inc. showed explosive revenue and profit growth in Q2, with some margin erosion. Key metrics such as Marketplace GMV and active buyers show significant improvement. The stock pric...
GigaCloud Technology (GCT) Q2 2024 Earnings Call Transcript
GigaCloud Technology (NASDAQ:GCT) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET Company Participants Larry Wu - Chairman, Chief Executive Officer Iman Shrock - President David Lau - Chie...
GigaCloud Stock: Consider Buying This Dip
GigaCloud stock experienced a heavy dip recently, but still presents a contrarian investment opportunity with a favorable risk-to-reward ratio. GigaCloud shows impressive revenue growth, strong margin...
GigaCloud Technology Inc to Announce Second Quarter and First Half 2024 Financial Results on August 6, 2024
EL MONTE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merc...
GigaCloud Technology: Capitalizing On Network Effects And Consumer Trends
GigaCloud Technology provides a marketplace connecting Asian manufacturers with Western consumers, offering cheaper alternatives similar to Amazon Marketplace standards. With expanding product categor...
GigaCloud Technology: You Didn't Miss The Boat, We See Strong Continued Upside
GigaCloud Technology's stock is up more than 340% over the last year. We think there's strong additional upside potential in the coming twelve months. Revenue and net income growth has been phenomenal...