Long Position on GCT @ $30.00 on 7/1/2024 (Fundamentals)

GigaCloud Technology Inc. (GCT) provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform.

Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, 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 incorporated in 2006 and is headquartered in El Monte, California.

This stocks revisions trend for its current fiscal year has been notably bullish, up more than 100% over the last year to $3.25 per share and suggesting 41% year-over-year growth.

Entry Point: $30.00

Trading Range: $6.70 - $45.16

Stop Loss: $28.50

Target Price: $33.00

Position closed on 7/22/2024 at price of $28.50 with a -5.00% loss in 21 days.

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