GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.87 per share a year ago.
GCT's fourth-quarter 2024 earnings and revenues are likely to increase year over year.
GigaCloud Technology Inc. (GCT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
GigaCloud Technology Inc. (GCT) closed the most recent trading day at $19.32, moving -1.53% from the previous trading session.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Here, we present some insights into GCT's recent performance, market trends, and potential trajectory and discuss whether the stock is worth investing in.
Zacks.com users have recently been watching GigaCloud Technology Inc. (GCT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Despite a 50% stock decline, I remain bullish on GigaCloud Technology due to strong business performance and tempting valuation. GCT's Q3 results showed 70% revenue growth and a 47% EPS beat, driven by an 80% YoY increase in Marketplace GMV. Insider buying and a $46 million share repurchase program signal confidence in GCT's undervaluation and potential for a significant upside.
GigaCloud Technology Inc. (GCT) closed the most recent trading day at $19.89, moving -1.23% from the previous trading session.
Concerns over new tariffs on imports from China, Canada, and Mexico have rocked markets, with a 10% tariff on Chinese goods impacting U.S. consumers and retailers like Temu and Shein. GigaCloud Technology's shares fell due to the 10% tariff on Chinese imports, but less than 20% of its overall revenue is affected. GigaCloud's international revenue, especially from Germany, is growing faster than U.S. revenue, reducing the tariff's impact, and management is diversifying its supply chain.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zacks.com users have recently been watching GigaCloud Technology Inc. (GCT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.