GigaCloud Stock Plummets 54% in 6 Months: Buy, Hold, or Sell?
GCTGigaCloud(GCT) ZACKS·2024-09-13 21:51

GigaCloud Technology Inc. (GCT) has faced a steep decline of 54.2% in its stock price since April 2024, a stark contrast to the 5.4% growth of its industry and the 7.6% rise in the Zacks S&P 500 composite index. Among the competing companies, Revolve Group (RVLV) has experienced a 10.3% increase, while Beyond (BYON) has seen a dramatic 68.6% drop during the same timeframe.As of the last trading session, GCT’s stock closed at $17.36, marking a 62% decrease from its 52-week high of $45.18. The stock's current ...