Finding stocks that can 10X this year is certainly easier said than done. However, there are growth stocks in the market with the potential for such returns, if everything lines up perfectly. Of course, most people looking for such gains usually end up investing in cryptocurrencies or in loss-making and highly dilutive stocks in the hopes of landing a short squeeze.However, I think it is a better idea to invest in sustainable businesses that are at or near profitability already and are supported by robust g ...

The stock has become controversial.One of the hottest stocks on Wall Street has been GigaCloud Technology (GCT -4.69%), which was up 470% in the year ending May 23. However, the stock's meteoric rise has also led to scrutiny of the company among investors.The stock has about 9% of its shares sold short, and has been the subject of two recent scathing reports from short-sellers. Note that short-sellers make money when the stock they are short on goes down. Below is a look at why the stock has been on a tear ...

Key PointsGigaCloud operates a cross-border marketplace for large parcel merchandise (like furniture) that connects resellers and factories in Asia under its Supplier-Filled Retailing Model.GigaCloud has an 18.68% short interest as a short seller report hurt shares but rebounded as it publicly provided a retort to its main points.Giga Cloud reported a top and bottom line beat for Q1 2024 and launched its Branding-as-a-Service (BaaS) solution in the quarter.5 stocks we like better than GigaCloud TechnologyGi ...

GigaCloud Technology Inc. (GCT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -7.9%, compared to the Zacks S&P 500 composite's +4.8% change. During this period, the Zacks Technology Services industry, which GigaCloud Technology Inc. falls in, has gained 7.4%. The key question now is: What could be the stoc ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about GigaCloud Technology Inc. (GCT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.GigaCloud Technology Inc. currently has an aver ...

EL MONTE, Calif., May 23, 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 issued the following statement in response to the claims made in a report by Grizzly Research LLC, a short-seller, issued on May 22, 2024. The short-seller report lacks merit and contains numerous defamatory, selective, inaccurate, incomplete and misleading statements, speculation, and innuendo. Th ...

EL MONTE, Calif., May 23, 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 issued the following statement in response to the claims made in a report by Grizzly Research LLC, a short-seller, issued on May 22, 2024. The short-seller report lacks merit and contains numerous defamatory, selective, inaccurate, incomplete and misleading statements, speculation, and innuendo. T ...

GigaCloud Technology (NASDAQ:GCT) stock is taking a beating on Wednesday after the company’s shares were hit with a short report from Grizzly Research.Grizzly Research alledges in its short report that GigaCloud Technology is a Chinese hustle that is manipulating data to attract investors. It claims that the company’s e-commerce website is only gets about 50 visitors per month. Even during its peak in June 2022, the firm notes visitors were only at about 1,000 users per month.Grizzly Research claims that th ...

ATLANTA, May 22, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether GigaCloud Technology Inc. ("GigaCloud" or the "Company") (NASDAQ:GCT) complied with federal securities laws. On May 22, 2024, Grizzly Research published a report alleging that GigaCloud "operates a complex web of undisclosed related party shell companies it uses to transact with itself and exaggerate marketplace growth." Following this news, the price of the Company's stock dropped. If you purchased GigaCloud stock and s ...

Net profit, also referred to as the bottom line, is one of the key tools determining the financial health of an enterprise. The metric demonstrates a company’s ability to convert per-dollar sales into profits.A low profit margin indicates higher risks, implying that a revenue drop might dampen profits, thus pushing a company into the red. GigaCloud Technology Inc. (GCT) , Great Lakes Dredge & Dock Corporation (GLDD) , Strategic Education, Inc. (STRA) and Teekay Tankers Ltd. (TNK) , however, boast solid net ...