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How to Buy Gigacloud Technology Stock

Gigacloud Technology Inc

GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise.

Gigacloud Technology stock last closed at $35.76, down 1.24% from the previous day, and has increased 572.18% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 5.58 percentage points. Gigacloud Technology stock is currently +579.85% from its 52-week low of $5.26, and -20.85% from its 52-week high of $45.18.

There are currently 40.99M shares of GCT outstanding. The market capitalization of GCT is $1.47B. In the last 24 hours, 2.73M GCT shares were traded.

How to Buy Gigacloud Technology Stock

Not sure how to invest in Gigacloud Technology stock? Here's how.
  1. Figure out where to buy Gigacloud Technology stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Gigacloud Technology stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your method of payment and add your details.
  4. Analyze Gigacloud Technology stock: The Gigacloud Technology ticker symbol is GCT. Is Gigacloud Technology stock a good investment? Should you buy shares of GCT? How do GCT's underlying business fundamentals look? Do top analysts think Gigacloud Technology is a good buy? Why has GCT's stock price moved recently? (Hint: Our stock research website can help you evaluate if GCT is a good stock to buy).
  5. Make your GCT trade: Decide if you will purchase GCT shares at the current market price or use a limit order to purchase GCT shares at a given price.
  6. Watch your GCT position: Create a watchlist to the latest updates on your new investment in Gigacloud Technology shares.

Step 1: Figure out where to buy Gigacloud Technology stock

You need a brokerage account to access the NASDAQ market and buy GCT shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen the best brokerage, you need to fill out some personal details so you can buy GCT stock today.

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Step 3: Put funds into your brokerage account

Now that you've created your account on the best stock investing app, you need to deposit funds:

Watch the tutorial below if you need help depositing funds into your brokerage account.

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Step 4: Analyze Gigacloud Technology stock

Once you have chosen the best place to buy Gigacloud Technology stock, it's important to evaluate their stock before you buy, so you truly comprehend the risk and opportunity.

Gigacloud Technology shares at a glance

GCT Price
$35.76
1w %
-4.26%
1y %
572.18%
5y %
N/A
P/E
13.81x
P/B
4.61x
P/S
1.76x
PEG
0.19x
Revenue
$827.11M
Earnings
$105.36M
Fore. Rev. Growth
38.86%
Fore. Earn. Growth
N/A
Market Cap
$1.47B
Next Earnings
Jun 14, 2024
Next Dividend
N/A

GCT Overview

WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis.

You can view all of the due diligence checks on GCT's stock page.

Is GCT stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge GCT's intrinsic value.

Using relative valuations measures:

  • GCT could be undervalued based on its P/E ratio of 13.81x, relative to Software - Infrastructure industry P/E ratio of 45.36x
  • GCT could be undervalued based on its P/B ratio of 4.61x, relative to Software - Infrastructure industry P/B ratio of 11.92x
  • GCT may be undervalued based on its PEG ratio of 0.19x

You can access additional valuation research on GCT's stock here.

GCT Financials at a glance

Passed Financial Due Diligence Checks:

  • GCT earnings of $129.83M is not sufficient to cover its interest payments.
  • GCT profit margin has gone up from 6.8% to 12.7% in the past year.
  • There are more short-term assets than short-term liabilities on the GCT balance sheet.
  • There are more short-term assets than long-term liabilities on the GCT balance sheet.
  • GCT's operating cash flow of $128.42M allows it to safely service it's debt of $470.51M.

Failed Financial Due Diligence Checks:

  • GCT has a relatively high debt to equity ratio of 2.08.

Is it a good time to buy GCT stock, according to analysts?

Out of 1 sell side analysts who give ratings on GCT, the consensus analyst rating on Gigacloud Technology is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are projecting on the Gigacloud Technology stock forecast page.

GCT Momentum

SMA10
37.75
SMA20
36.45
SMA50
34.14
SMA100
30.36
SMA200
20.66
MACD
0.71
MACD Signal
1.03
MACD Histogram
-0.32
RSI
50.03
Stochastic %K
46.05
Stochastic %D
48.66
StochRSI %K
23.32
StochRSI %D
26.95

GCT Performance Metrics

Last year, GCT earnings were $105.36M. During the past 2 year, GCT's earnings have gone up by 99.62% per year. This was slower than the Software - Infrastructure industry average of 148.27%.

Last year, GCT revenue was $827.11M. Over the past two year, GCT's revenue has increased by 38.35% per year. This was faster than the Software - Infrastructure industry average of 18.16%.

Dive into GCT's earnings and revenue performance here.

Latest Insiders Trades at GCT

In the last 12 months, executives and large shareholders at GCT have sold more shares than they have bought.

Frank Hurst Lin, Director of GCT, was the latest GCT insider to sell. They sold $1,124,514.81 worth of GCT stock on May 15, 2024.

Learn more about who owns GCT shares here.

Does GCT provide a stable income stream?

No, Gigacloud Technology doesn't provide an income stream by paying out dividends.

What do other investors have to say about GCT?

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Make your GCT trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given price limit, place a limit order.

Click the Open button and eToro will execute your order.

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Step 6: Watch your GCT position

Now that you own some shares in GCT, you'll want to keep up with your new shares.

Start a watchlist to see the latest developments about your GCT stock.

GCT Feed

How to Buy Stock in Gigacloud Technology

To summarize, here are the 6 steps to buy Gigacloud Technology stock:

  1. Figure out where to buy Gigacloud Technology stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Analyze Gigacloud Technology stock
  5. Make your GCT trade
  6. Watch your GCT position

If you require a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your new investment in Gigacloud Technology, hit the button below to create your watchlist.

NASDAQ: GCT
$35.76-0.45 (-1.24%)
Updated May 17, 2024
Open eToro Account
NASDAQ: GCT
$35.76-0.45 (-1.24%)
Updated May 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Gigacloud Technology share?

As of May 17, 2024, it costs $35.76 to buy one share of Gigacloud Technology stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.28 shares of GCT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Gigacloud Technology stock?

According to 1 Wall Street analysts who monitor Gigacloud Technology, their consensus recommendation is to buy Gigacloud Technology stock.

What is the best way to buy Gigacloud Technology stock?

One way to place an order for Gigacloud Technology stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.