15 NASDAQ Stocks with the Lowest P/E Ratios

10. GigaCloud Technology Inc. (NASDAQ:GCT)

Forward P/E ratio: 5.35

No. of Hedge Fund Holders: 14

GigaCloud Technology Inc. (NASDAQ:GCT) is a pioneer in worldwide end-to-end B2B technology solutions for large parcels. GCT’s B2B e-commerce platform, the GigaCloud Marketplace, offers everything from discovery to payments, and logistical technologies in one simple platform.

GigaCloud Technology Inc. (NASDAQ:GCT) posted record revenue in its history, surpassing $1 billion in total revenue for the first time. The company’s marketplace Gross Merchandise Value (GMV) soared 70% from a year ago, reaching $1.3 billion. This shows the strong demand for the company’s offerings. GigaCloud got the number one spot on Forbes America’s Most Successful Small Cap Companies 2025 list and was added to the Russell 2000 Index. The company maintains a strong balance sheet with zero debt and robust cash flow generation. This positions it well for future growth.

Despite a record performance in 2024, analysts have downgraded the price target on GCT shares. On March 4, Roth MKM analyst Matt Koranda downgraded GCT from Buy to Neutral, dropping its price target from $32 to $15. The analyst highlights that the disappointing outlook for Q1 2025 suggests a deceleration in sales combined with margin erosion. Koranda mentioned that the firm needs to show visibility into first-party sales growth, service revenue re-acceleration, and sustainable margin expansion before it is reassigned a buy rating. Lake Street analyst has also reduced the price target on GCT from $50 to $26, maintaining a Buy rating. Although the analysts have reservations, GCT is one of the cheapest stocks listed on NASDAQ with strong growth momentum.