Streetbeat News

GCT

GigaCloud Technology Inc.

https://www.gigacloudtech.com

Industry

Software - Infrastructure

GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise. 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 Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Suzhou, China.

Open

22.27

Mkt cap

989M

Volume

High

24.61

P/E Ratio

7.62

52-wk high

45.18

Low

21.60

Div yield

N/A

52-wk low

8.70

GigaCloud Technology shares are trading lower following a report issued by Grizzly Research.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:06 pm

Maxim Group has initiated coverage on GigaCloud Tech (NASDAQ:GCT) with a Buy rating and set a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 3:49 pm

GigaCloud Technology shares are moving lower after Grizzly Research issued a report accusing the company of inflating key metrics using undisclosed related party shell companies.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 12:37 pm

GigaCloud Tech (NYSE:GCT) has seen a 28.91% increase in its short percent of float, now at 17.48%. This indicates a bearish sentiment among investors, as it significantly exceeds the peer group average of 2.46%. It would take traders 1.2 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 7:00 pm

GigaCloud Tech (NASDAQ:GCT) reported Q1 2024 earnings of $0.66 per share, surpassing the $0.62 estimate, marking a 69.23% increase from last year. Sales reached $251.077M, exceeding the $243M forecast and showing a 96.47% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:31 am

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable trades in TSLA, GME, RIVN, F, GCT, AMZN, NCLH, SN, WYNN, and CVNA. The activity ranged from bearish to neutral and bullish sentiments, involving both call and put options with various expiration dates and strike prices. This options activity could indicate market movements or investor sentiments towards these stocks.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 5:35 pm

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' cautioning against GigaCloud Technology due to insufficient information, critiquing Movado Group for overpriced offerings despite a yield, and recommending GE Vernova over NuScale Power for safety. GigaCloud reported strong Q4 FY 2023 earnings with a 94.8% revenue increase, while Movado also exceeded Q4 expectations with higher earnings and revenue. NuScale Power is anticipated to report a Q1 loss, with Cramer favoring GE Vernova for investors.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 1:02 pm

Fastenal Company's shares dropped by around 7% due to disappointing Q1 FY24 financial results, with sales and EPS missing consensus estimates. Other stocks experienced significant movements, with Rallybio Corporation, Rent the Runway, and Eliem Therapeutics among the top gainers, while Aptevo Therapeutics, Enlivex Therapeutics, and AVITA Medical led the losers.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 5:33 pm

Enliven Therapeutics announced positive Phase 1 trial data for ELVN-001, causing a 26% surge in its stock. Alpine Immune Sciences saw a 36.6% jump after an acquisition agreement with Vertex. Janux Therapeutics' shares rose 16.8% amid sale considerations. Other notable movers include Rallybio Corporation with an 89.6% gain following a collaboration with Johnson & Johnson, and AnaptysBio, which rose 11.4% after an Overweight rating from Wells Fargo.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 2:01 pm

Roth MKM analyst Matt Koranda has maintained a Buy rating on GigaCloud Tech (NASDAQ:GCT) and increased the price target from $28 to $35.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:54 pm

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