Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate GigaCloud Technology Inc before investing.

In this article, we go over a few key elements for understanding GigaCloud Technology Inc’s stock price such as:

• GigaCloud Technology Inc’s current stock price and volume
• Why GigaCloud Technology Inc’s stock price changed recently
• Upgrades and downgrades for GCT from analysts
• GCT’s stock price momentum as measured by its relative strength

About GigaCloud Technology Inc (GCT)

Before we jump into GigaCloud Technology Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

GigaCloud Technology Inc is a holding company mainly engaged in the business to business (B2B) electronic commerce (e-commerce) business for large parcel merchandise. The Company is engaged in the operation of e-commerce platform named GigaCloud Marketplace which integrates product discovery, payments, and logistics tools. The Company’ business areas include global furniture markets, home appliances, fitness equipment and others. In addition, the Company is engaged in the operation of warehouses. The Company also sells its products through third-party e-commerce websites.

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GigaCloud Technology Inc’s Stock Price as of Market Close

As of March 18, 2024, 4:00 PM, CST, GigaCloud Technology Inc’s stock price was $34.21.

GigaCloud Technology Inc is down 20.72% from its previous closing price of $43.15.

During the last market session, GigaCloud Technology Inc’s stock traded between $34.41 and $45.18. Currently, there are 40.77 million shares of GigaCloud Technology Inc stock available for purchase.

GigaCloud Technology Inc’s price-earnings (P/E) ratio is currently at 28.2, which is high compared to the Online Services industry median of 25.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

GigaCloud Technology Inc Stock Price History

GigaCloud Technology Inc’s (GCT) price is currently down 8.65% so far this month.

During the month of March, GigaCloud Technology Inc’s stock price has reached a high of $45.18 and a low of $30.54.

Over the last year, GigaCloud Technology Inc has hit prices as high as $45.18 and as low as $4.93. Year to date, GigaCloud Technology Inc’s stock is up 501.23%.

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What Caused GigaCloud Technology Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 15, 2024, there were 0 analysts who downgraded GigaCloud Technology Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate GigaCloud Technology Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on GigaCloud Technology Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

GigaCloud Technology Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about GigaCloud Technology Inc (GCT) by visiting AAII Stock Evaluator.

Relative Price Strength of GigaCloud Technology Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 15, 2024, GigaCloud Technology Inc has a weighted four-quarter relative price strength of 95.89%, which translates to a Momentum Score of 99 and is considered to be Very Strong.

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GigaCloud Technology Inc Stock Price: Bottom Line

As of March 18, 2024, GigaCloud Technology Inc’s stock price is $34.21, which is down 20.72% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like GigaCloud Technology Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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