GigaCloud Technology Inc. (GCT) has faced a steep decline of 54.2% in its stock price since April 2024, a stark contrast to the 5.4% growth of its industry and the 7.6% rise in the Zacks S&P 500 composite index. Among the competing companies, Revolve Group (RVLV) has experienced a 10.3% increase, while Beyond (BYON) has seen a dramatic 68.6% drop during the same timeframe.As of the last trading session, GCT’s stock closed at $17.36, marking a 62% decrease from its 52-week high of $45.18. The stock's current ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about GigaCloud Technology Inc. (GCT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.GigaCloud Technology Inc. ...

Liudmila Chernetska/iStock via Getty Images Investment Thesis GigaCloud Technology (NASDAQ:GCT) is a battleground stock. In the same way, as many stocks become battlegrounds at some point in time, this battleground business is being unjustifiably sold off. Here I want to address the top 3 arguments that bears put forth against GigaCloud. More specifically, I address the question of it being a fraud, the insider selling, and that the business has no moat. Here's why I'm super bullish on GCT and continue to b ...

peshkov We previously covered GigaCloud Technology Inc. (NASDAQ:GCT) in April 2024, discussing its robust e-commerce prospects, attributed to the platform diversification and improved outreach to different groups of manufacturers/ resellers/ consumers globally. Combined with the recent acquisitions and expansion to Canada/ India/ Latam, it was unsurprising that the management continued to guide double digit-growth ahead. While we had initiated our Buy rating then, we had urged readers to wait for a moder ...

Investment Rating - The investment rating for the company is "Outperform the Market" [4] Core Views - The company reported a significant increase in revenue for Q2 2024, achieving $31 million, a year-on-year growth of 103.01%. Net profit reached $2.7 million, up 46.65%, with a net profit margin of 8.68%, a decrease of 3.33 percentage points year-on-year. Adjusted EBITDA was $4.3 million, reflecting a 72% increase [1] - The Gross Merchandise Volume (GMV) for GigaCloud Marketplace reached $1.098 billion, marking an 80.7% year-on-year growth. The number of active third-party sellers increased to 930, a 39.8% rise, while active buyers reached 7,257, up 66.8%. The spending per active buyer was $151,300, an 8.4% increase year-on-year [2] Summary by Sections Financial Performance - For Q2 2024, the company achieved a comprehensive gross margin of 24.59%, a decrease of 1.77 percentage points year-on-year. The sales, management, and R&D expense ratios were 6.26%, 8.45%, and 1.00%, respectively, with year-on-year increases of 0.03, 3.95, and 0.65 percentage points [5] - Revenue from products was $230 million, a 105% increase. GigaCloud 1P generated $102 million, up 47%, while third-party e-commerce platforms contributed $123 million, a 206% increase. Service revenue was $85 million, a 97% increase [5] Earnings Forecast and Valuation - The net profit forecast for 2024 and 2025 has been revised down to $107 million and $158 million, respectively. The current closing price corresponds to a PE ratio of 8.6 and 5.9 times for 2024 and 2025. The reasonable value range based on comparable companies is estimated at $38.9 to $46.6, with a rating of "Outperform the Market" [5][6] Market Comparison - The report includes a comparison of similar companies, indicating that the average PE for 2024 is 14 times, with the company being valued at a lower PE ratio compared to its peers [7]

SAN JOSE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, today announced its upcoming institutional investor conference attendance. 2024 Annual Gateway Conference GCT’s management team is scheduled to present on Wednesday, September 4th at 8:30 a.m. Pacific Time (PT) at the 2024 Annual Gateway Conference, which is being held at the Four Seasons Hotel in San Francis ...

GigaCloud Technology Inc. (GCT) has been on a downward spiral lately, with significant selling pressure. The stock has dipped 36.6% against the 9% increase of the industry it belongs to and the 10.5% growth of the Zacks S&P 500 composite.While the six-month performance paints a dull picture, looking at the year-to-date performance is crucial for a fuller understanding. GCT’s stock has surged 21% so far this year, suggesting that the current downward movement is part of a correction phase. Close competitors ...

onurdongel Investment Thesis GigaCloud Technology Inc. (NASDAQ:GCT) delivered strong top-line growth for Q2 2024. However, in the quarter, its underlying profitability was not quite as alluring. This is a business that investors have been incredibly fearful of, with short report after short report hitting the stock. And yet, I continue to be amazed at how this business continues to execute, with no debt and making so much cash, all the while more than doubling its revenues y/y. Irrespective of what the ...

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. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about GigaCloud Technology Inc. (GCT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.GigaCloud Technol ...

The majority of securities trading in trading in the U.S. stock market have experienced months of solid gains in a matter of several days. Since July 16, the stock market has tumbled, with a slight recovery in the last couple of days. At one point, the S&P 500 had fallen by 9%, and the Nasdaq had dropped by 13%.Investors have been mainly fleeing large-market-cap stocks that are overvalued following a much lower-than-expected job report for July and fears that the Federal Reserve has waited too long before i ...