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

January 11, 2024 | 3:32 pm

GigaCloud Technology Inc (NASDAQ:GCT) shares surged nearly 14% on Thursday, reaching 52-week highs, driven by strong third-quarter earnings and a raised price target from Roth MKM analyst Matt Koranda from $16 to $18. The stock's rally added to gains of over 50% in the past month, with trading volume reaching 3.36 million, significantly higher than the average of 975,194. The stock closed up 10.2% at $20.47.

Portfolio Pulse from Ryan Gustafson

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Portfolio Pulse from Avi Kapoor

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Portfolio Pulse from Avi Kapoor

December 18, 2023 | 3:57 pm

In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. EZGO Technologies, QuantaSing Group, LL Flooring Holdings, Xponential Fitness, Gaotu Techedu, and Singing Machine Co were gainers, with EZGO leading at a 13.6% increase. On the losing side, Harbor Custom Dev, Golden Heaven Group Hldgs, GigaCloud Tech, Birkenstock Holding, Sacks Parente Golf, and Kaixin Auto Hldgs saw declines, with Harbor Custom Dev dropping 17.2%.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 1:07 pm

Roth MKM has reaffirmed its Buy rating on GigaCloud Tech (NASDAQ:GCT) and increased its price target from $16.00 to $18.00. GigaCloud Tech's shares have risen 1.47% in the last 24 hours to $13.84. The new price target suggests a potential upside of 30.06%. GigaCloud Tech provides B2B e-commerce solutions for large parcel merchandise, connecting manufacturers in Asia with resellers in the U.S., Asia, and Europe.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 5:00 pm

Roth MKM analyst Matt Koranda has reaffirmed a Buy rating on GigaCloud Tech (NASDAQ:GCT) and increased the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 4:05 pm

GigaCloud Tech's stock price is on the rise after the company reported Q3 sales that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 5:33 pm

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Portfolio Pulse from Lisa Levin

December 01, 2023 | 5:04 pm

Ulta Beauty, Inc. (ULTA) shares surged by 10.8% to $471.97 after reporting strong third-quarter sales and raising its full-year profit and sales forecasts. CFO Scott Settersten announced his retirement effective April 1, 2024. Other stocks also moved higher, including Elastic N.V. (ESTC), UiPath Inc. (PATH), and Samsara Inc. (IOT), following positive financial results and guidance. Stocks like GigaCloud Technology Inc. (GCT), CleanSpark, Inc. (CLSK), and Marathon Digital Holdings Inc. (MARA) also saw gains, with MARA benefiting from a surge in Bitcoin prices.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 4:02 pm

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