GigaCloud Technology Stock News

Investors rarely find a business with these characteristics trading at this cheap valuation.

GigaCloud Technology investors endured a debilitating bear market, but the worst is likely over. Investors are increasingly concerned with tariffs hurting its China supply chain. Management highlighted that it has diversified its supplier sourcing, although such risks cannot be fully eliminated.

I maintain a Strong Buy rating on GigaCloud due to solid revenue growth, operational efficiency, and significant undervaluation. GCT reported a Q3 70% YoY revenue increase and 64% YoY growth in adjusted EBITDA, showcasing strong operational performance. Impressive international expansion with a 140% YoY revenue increase in Europe and robust growth in active buyers and sellers.

I believe GigaCloud Technology's recent stock dip is an overreaction; the company remains undervalued despite strong growth and exceeding Q3 2024 forecasts. GigaCloud's diverse revenue streams, expanding market share, and strategic investments position it for future success, despite short-term margin impacts and geopolitical concerns. The company's healthy balance sheet, no debt, and positive c...

GigaCloud Technology, Inc. (NASDAQ:GCT ) Q3 2024 Earnings Conference Call November 7, 2024 7:30 PM ET Company Participants Larry Lei Wu - Founder, Chairman, Director and Chief Executive Officer Iman Schrock - President Erica Wei - Interim Chief Financial Officer Conference Call Participants Matt Koranda - ROTH Capital Ryan Meyers - Lake Street Capital Markets Thomas Forte - Maxim Group Operator...

GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income GigaCloud Marketplace Continues Significant Growth Trajectory; Company Achieves Record-High Net Income

GigaCloud Technology's stock has gained 33% since I last covered it, and I believe the upcoming Q3 FY2024 report could serve as a bullish catalyst for further recovery. GCT more than doubled its revenue YoY to $311 million in Q2, while the retail furniture sales in the US dropped 7% in 1H 2024. GigaCloud's explosive growth is not without its challenges — the firm seems to be losing its operatin...

EL MONTE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024. The Company will h...