5 Cheap New Stocks To Buy

3. GigaCloud Technology Inc. (NASDAQ:GCT)

Price To Trailing Earnings Ratio: 7.95

GigaCloud Technology Inc. (NASDAQ:GCT) is a rare technology company on our list. The stock went public in August 2022, and was priced at $12.25 per share. Right now, the stock is trading at $9.14, and the firm expanded its portfolio in November 2023 when it bought a home furnishing distributor.

By the end of this year’s second quarter, three out of the 910 hedge funds part of Insider Monkey’s database were GigaCloud Technology Inc. (NASDAQ:GCT)’s investors.

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