MicroMarvel - GigaCloud Technologies -

MicroMarvel – GigaCloud Technologies

Jan 09, 2024Jeremy ParkinsonFinance, No picture0

MicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile so if you do decide to add them to your portfolio I highly recommend you use stop losses and limit orders. Image Source: Pixabay

100% technical buy signals

12 new highs and up 75.17% in the last month

371.00+ Weighted Alpha

Today’s MicroMarvel is the e-commerce solutions company GigaCloud Technologies (GCT). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 /3 the stock gained 116.40%.GCT Price vs Daily Moving Averages (Barchart)GigaCloud Technology Inc. provides end-to-end B2B e-commerce solutions for large parcel merchandise. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliances, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Walnut, California. Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

371.00+ Weighted Alpha

282.79% loss in the last year

Trend Seeker buy signal

Above its 20, 50, and 100-day moving averages

12 new highs and up 75.17% in the last month

Relative Strength Index 77.62%

Technical support level at $20.34

Recently traded at $23.47 with a 50-day moving average of $13.03

Fundamental Factors:

Market Cap 895 million

P/E 11.58

Revenue is estimated to grow 38.60% this year and another 50.50% next year

Earnings are projected to increase 250.00% this year and an additional 16.30% next year

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analysts have 2 strong buy and 1 buy recommendation in place on the stock

Analysts price targets are between $18 and $20 with a consensus of $19 which is 24% below todays price – does that make sense????

CFRAs MarketScope rates the stock a strong buy

6,880 investors are following the stock on Seeking Alpha

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