Exchange: NASDAQ·Updated 07:58 PM EDT
GCT logo

GCT GigaCloud Technology Inc

$58.38
$2.24
(3.69%)
Today
Closed $58.38
$0.07
(0.12%)
After Hours
EarningsNov 5
Mkt Cap$2.08B
Vol901,939.00

About GCT

GigaCloud Technology, Inc. specializes in global end-to-end business-to-business (B2B) electronic commerce (e-commerce) for large parcel merchandise. Its B2B ecommerce platform, the “GigaCloud Marketplace” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The firm offers a comprehensive solution that transports products from the manufacturers warehouse to the end customers doorstep, all in one place. The company was founded by Lei Wu on August 29, 2006 and is headquartered in El Monte, CA.
32

Bearish Sentiment

How do you feel about GCT?

TopShelfCharts
$GCT has spent two months stuck under its August high near 56.30, and Wednesday it poked above it intraday on about 50% more volume than usual before closing at 55.96, a new 52-week closing high. Sales and earnings both grew about 27% last quarter. I want to see a close above 56.30 with volume behind it to confirm the breakout.
1
BobJohnBuoy666
$GCT last time a cup on the weekly if this significance formed, it reached the 2.68 Fib extension, which makes me think 85 from here could be possible
1
abubnic
$GCT is estimated to report Q3 earnings on Thursday, Nov 5th. The company crushed its last earnings report. Q2 revenue increased 27.6% YOY to $411.6M, while net income rose 22.3% to $42.3M. Q3 Consensus revenue is $389M. EPS is estimated at $1.28/share. The stock is currently at a 52-week high. It was recently the Bull of the Day at Zach's, and today, it's on the IBD List of Institutional Buys. $GCT is gaining traction because its B2B large-parcel e-commerce platform is converting rapid revenue scale into record profitability and positive earnings revisions. The company has a debt-free balance sheet and a $120M buyback program. Risks include tariffs, customs enforcement, shipping delays, and weaker consumer demand.
1
Paul050
$GCT biggest position in my portfolio now, it surpassed $META. It took some time and almost looked like it wasnt gonna happend after the recent Meta pump, but it did with the dump.
TopShelfCharts
$GCT got the close we were waiting for: 56.42 Thursday, above the 56.30 August high, on about 1.6 times its normal volume. That's two straight days of heavy volume at new 52-week highs. Now I'm watching whether 56.30 holds as support on the first pullback.

Advertisement|Remove ads.