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

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Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:31 pm

U.S. stocks were lower, with the Dow Jones falling around 250 points on Monday. However, several stocks recorded gains, led by Micron Technology, Inc. (MU) which rose 6.6% after B of A Securities maintained a Buy rating and raised its price target. Other notable movers include Doma Holdings Inc. (DOMA), Mesoblast Limited (MESO), and Iris Energy Limited (IREN), among others, due to various positive developments such as merger transactions, FDA updates, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 5:02 pm

In Friday's pre-market session, there were notable movements in the consumer discretionary sector. Kidpik, Cazoo Gr, Sonder Holdings, PLBY Group, RH, and GigaCloud Tech saw significant gains, while Sacks Parente Golf, Lobo EV Technologies, Visionary Holdings, Yoshitsu Co, LL Flooring Holdings, and Foresight Autonomous experienced declines. The movements reflect varying market capitalizations and investor reactions to company-specific news or broader market trends.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 12:06 pm

RH shares surged 9.4% in pre-market trading after releasing Q4 results and an upbeat full-year 2024 forecast, despite weaker-than-expected Q4 results. Other stocks showed significant movement in pre-market trading, with notable gainers including Avalo Therapeutics and Binah Capital Group, and losers like GCT Semiconductor Holding and MillerKnoll.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:21 pm

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. Kidpik, Cazoo Gr, Sonder Holdings, PLBY Group, Kaixin Auto Hldgs, and GigaCloud Tech were among the gainers, with Kidpik leading at a 62.1% increase. On the downside, Worksport, Foresight Autonomous, Meta Data, Kaival Brands Innovations, Yoshitsu Co, and Connexa Sports Techs experienced declines, with Worksport dropping 9.5%. PLBY Group's recent Q4 earnings release is notable among these movements.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

Peraso Inc. reported worse-than-expected Q4 EPS results, causing its shares to fall by over 23%. Other stocks experienced significant movements, with notable gainers including Ontrak, Fusion Pharmaceuticals, and Spire Global, among others. Losers included Greenwave Technology Solutions, Seelos Therapeutics, and Comtech Telecommunications, with various reasons such as disappointing financial results, downgrades, and restructuring of debt.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 5:48 pm

In Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. Notable gainers include SRM Entertainment, TCTM Kids IT Education, 2U, Fitell, Worksport, and Nordstrom, with increases ranging from 9.55% to 17.8%. Conversely, notable losers were JOANN, ATA Creativity Global, GigaCloud Tech, Allurion Technologies, J-Long Group, and Greenlane Holdings, with decreases ranging from 10.2% to 32.0%. GigaCloud Tech's recent Q4 earnings release is highlighted.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 5:31 pm

Consumer Discretionary stocks experienced significant movements in Monday's intraday session. Notable gainers include Canoo (GOEV) with a 53.9% increase, and Latham Group (SWIM) rising by 20.03% following their Q4 earnings report. On the losing end, Sonder Holdings (SOND) dropped by 33%, and GigaCloud Tech (GCT) fell by 21.56% after their Q4 earnings. The movements reflect varied investor reactions to company performances and market conditions.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:31 pm

GigaCloud Technology Inc (NASDAQ:GCT) shares are trading lower today, following a pullback after a surge on Friday due to better-than-expected fourth-quarter earnings. The company reported a Q4 revenue of $244.74 million and earnings of 87 cents per share, surpassing estimates. Marketplace GMV, active third-party sellers, active buyers, and spend per active buyer all saw significant increases. CEO Larry Wu highlighted the quarter as a historic revenue peak and a step forward in global expansion, partly due to the integration of Noble House and Wondersign. GigaCloud has provided a Q1 revenue guidance of $230 million to $240 million, above estimates.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 4:22 pm

GigaCloud Technology shares are trading lower, potentially due to a pullback after the stock gained on Friday following the announcement of Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 2:12 pm

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