GigaCloud Technology raises share buyback program by $16M
Seeking Alpha News (Wed, 2-Apr 4:11 PM ET)
GigaCloud Technology Inc Increases Share Repurchase Program by $16 Million
Globe Newswire (Wed, 2-Apr 4:05 PM ET)
Globe Newswire (Wed, 26-Mar 4:05 PM ET)
Globe Newswire (Mon, 10-Mar 4:20 PM ET)
GigaCloud Technology Inc Announces Fourth Quarter and Year Ended December 31, 2024 Financial Results
Globe Newswire (Mon, 3-Mar 4:05 PM ET)
Globe Newswire (Mon, 24-Feb 4:05 PM ET)
GigaCloud Technology Inc Strengthens Its B2B Marketplace with Leading Furniture Suppliers
Globe Newswire (Tue, 11-Feb 7:00 AM ET)
Kuehn Law Encourages GigaCloud Technology Inc. to Contact Law Firm
PRNewswire (Mon, 10-Feb 6:22 PM ET)
Globe Newswire (Mon, 3-Feb 8:14 PM ET)
GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which is referred to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.
Gigacloud Technology - Class A trades on the NASDAQ stock market under the symbol GCT.
As of April 3, 2025, GCT stock price declined to $13.77 with 1,099,133 million shares trading.
GCT has a beta of 2.19, meaning it tends to be more sensitive to market movements. GCT has a correlation of 0.15 to the broad based SPY ETF.
GCT has a market cap of $551.71 million. This is considered a Small Cap stock.
Last quarter Gigacloud Technology - Class A reported $296 million in Revenue and $.75 earnings per share. This beat revenue expectation by $7 million and missed earnings estimates by -$.13.
The top ETF exchange traded funds that GCT belongs to (by Net Assets): IWM, VXF, CALF, IWO, BSVO.
GCT has underperformed the market in the last year with a price return of -58.6% while the SPY ETF gained +4.8%. GCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.8% and -7.1%, respectively, while the SPY returned -7.9% and -5.1%, respectively.
GCT support price is $14.20 and resistance is $15.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GCT shares will trade within this expected range on the day.