With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. The 52-week range on GCT shows that it touched its highest point at $45.18 and its lowest point at $15.61 during that stretch. It currently has a 1-year price target of $50.33. Beta for the stock currently stands at 1.98.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GCT was down-trending over the past week, with a drop of -11.97%, but this was down by -14.20% over a month. Three-month performance dropped to -25.42% while six-month performance fell -19.13%. The stock lost -34.34% in the past year, while it has lost -2.75% so far this year. A look at the trailing 12-month EPS for GCT yields 3.17 with Next year EPS estimates of 3.48. For the next quarter, that number is 0.81. This implies an EPS growth rate of 34.93% for this year and 12.14% for next year. EPS is expected to grow by 27.61% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 208.72%.
Float and Shares Shorts:
At present, 33.30 million GCT shares are outstanding with a float of 27.38 million shares on hand for trading.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.20344 being high and $2.99321 being low. For GCT, this leads to a yearly average estimate of $3.10333. Based on analyst estimates, the high estimate for the next quarter is $0.88 and the low estimate is $0.84. The average estimate for the next quarter is thus $0.86.
