GigaCloud Technology Stock News

Purple Innovation Inc. and Homestyles by Flexsteel Industries Inc. Fortify GigaCloud's Expanding Supplier Ecosystem Purple Innovation Inc. and Homestyles by Flexsteel Industries Inc. Fortify GigaCloud's Expanding Supplier Ecosystem

NEW YORK , Feb. 10, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of GigaCloud Technology Inc.  (NASDAQ: GCT)  breached their fiduciary duties to shareholders.  According to a federal securities lawsuit, GigaCloud insiders caused the company to misrepresent or fail to disclose that (1) that the Company's business...

Despite a 50% stock decline, I remain bullish on GigaCloud Technology due to strong business performance and tempting valuation. GCT's Q3 results showed 70% revenue growth and a 47% EPS beat, driven by an 80% YoY increase in Marketplace GMV. Insider buying and a $46 million share repurchase program signal confidence in GCT's undervaluation and potential for a significant upside.

Concerns over new tariffs on imports from China, Canada, and Mexico have rocked markets, with a 10% tariff on Chinese goods impacting U.S. consumers and retailers like Temu and Shein. GigaCloud Technology's shares fell due to the 10% tariff on Chinese imports, but less than 20% of its overall revenue is affected. GigaCloud's international revenue, especially from Germany, is growing faster than...

Los Angeles, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Habitat for Humanity of Greater Los Angeles (Habitat LA) is thrilled to announce a significant partnership with Los Angeles-based GigaCloud Technology Inc, a global leader in B2B ecommerce technology solutions for large parcel merchandise. Together, they are providing critical support to survivors of the recent wildfires in Southern California.

EL MONTE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced it is donating more than $1 million in home furnishings to Habitat for Humanity Greater Los Angeles to support the ReBUILD LA™ Wildfire Recovery campaign. The don...

The technicals are net bearish for the stock as the chart is weak, while the moving averages and indicators show uncertainty and indecisiveness in GCT. Q3 earnings results were strong as revenue growth was above average while EPS was at its strongest level of the past three years, indicating strong financial performance. The stock seems to be undervalued according to the P/S and P/E ratios, as ...

GigaCloud Technology is significantly misunderstood and misrepresented, presenting a unique investment opportunity with a substantial gap between stock price and operational performance. The company's innovative supplier-fulfilled model for large parcel merchandise and efficient logistics platform offer a strong competitive advantage and growth potential. Despite negative sentiment from short-s...