GCT Stock Summary and Trading Ideas (Gigacloud Technology - Class A | NASDAQ:GCT)

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 January 3, 2025, GCT stock price climbed to $19.59 with 1,056,276 million shares trading.

GCT has a beta of 1.43, meaning it tends to be more sensitive to market movements. GCT has a correlation of 0.03 to the broad based SPY ETF.

GCT has a market cap of $803.00 million. This is considered a Small Cap stock.

Last quarter Gigacloud Technology - Class A reported $303 million in Revenue and $.98 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.31.

The top ETF exchange traded funds that GCT belongs to (by Net Assets): IWM, VXF, IWO, BSVO, ONLN.

GCT has underperformed the market in the last year with a return of +5.4%, while the SPY ETF gained +27.8%. In the last 3 month period, GCT fell short of the market, returning -25.3%, while SPY returned +4.6%. However, in the most recent 2 weeks GCT has outperformed the stock market by returning +9.3%, while SPY returned +0.1%.

GCT support price is $18.17 and resistance is $19.95 (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.