Pre-market most active: 3800.HK GCL Tech HK$1.21 25 Feb 2026: monitor HK$1.03
The 3800.HK stock is a top pre-market mover in Hong Kong after trading at HK$1.21 on heavy volume, signaling active flows into GCL Technology Holdings Limited. Volume at 317,919,198 shares on the session so far and a one-day change of -1.63% show traders are repositioning ahead of the March earnings window. We look at why liquidity is high, how fundamentals stack up, and what short-term price levels matter for intraday and swing traders.
Price and trading snapshot: 3800.HK stock
GCL Technology (3800.HK) opened the pre-market session at HK$1.21 with a day range of HK$1.19–HK$1.24 and a year range of HK$0.67–HK$1.51. Market capitalization stands at HK$32.92 billion and shares outstanding are 27,203,053,381.00. Current volume of 317,919,198.00 is close to the average volume of 367,086,039.00, giving a relative volume of 0.90 and confirming the stock’s place on the most active list in Hong Kong (HKSE).
Why volume is high and what traders are watching
Trading interest reflects a mix of re-rating in solar names and event risk ahead of an earnings announcement scheduled for 26 Mar 2026. Short-term momentum signals are mixed: RSI 61.86 and MACD histogram 0.01 show mild bullish bias, while Money Flow Index 76.85 signals heavy buying pressure. Key intraday levels: support at the lower Bollinger Band HK$1.03 and immediate resistance at the year-to-date high near HK$1.51.
Fundamentals and valuation: 3800.HK analysis
GCL Technology operates in the Solar materials and New Energy segments and reports EPS of -0.21 with a negative P/E of -5.76, reflecting recent losses. Price-to-book is 0.81, suggesting the stock trades below book value. CurrentRatio is 1.09 and debt-to-equity is 0.48, indicating manageable leverage versus peers. Gross margin and operating margins remain under pressure, with net profit margin at -42.17%, so valuation looks tied to recovery in polysilicon pricing and farm monetization.
Technical setup and price targets for 3800.HK stock
Technically, the 50-day average is HK$1.12 and the 200-day average is HK$1.15, both below today’s price and offering short-term support. Momentum readings show a strong trend (ADX 25.04) and short-term momentum (ROC 12.04%). For traders we note a near-term resistance at HK$1.26 (upper Bollinger band) and support at HK$1.03. A measured move above HK$1.26 could target HK$1.51; failure below HK$1.03 opens risk toward the 2024 low HK$0.67.
Meyka AI grade and forecast for 3800.HK stock
Meyka AI rates 3800.HK with a score out of 100: 59.60 / 100 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12‑month price of HK$1.02 (yearly forecast), versus today’s HK$1.21, implying an implied downside of -15.36%. Shorter-term model points to a monthly level of HK$1.15, implying limited upside near term. Forecasts are model-based projections and not guarantees. Meyka AI is an AI-powered market analysis platform used for these projections.
Risks and catalysts shaping the 3800.HK outlook
Key catalysts include the 2026-03-26 earnings release, changes in polysilicon pricing, and policy developments for solar subsidies. Risks are prolonged margin pressure, weak demand for wafers, and currency or regulatory shocks in mainland China. Watch receivables cycle (Days Sales Outstanding 230.36) and cash per share HK$0.21 for liquidity stress signals. Positive catalyst: higher polysilicon prices or asset sales could re-rate the stock quickly.
Final Thoughts
3800.HK stock is one of Hong Kong’s most active pre-market names on 25 Feb 2026, trading at HK$1.21 on heavy volume. Short-term traders should watch support at HK$1.03 and resistance near HK$1.26; a breakout above HK$1.26 targets HK$1.51 while a break below HK$1.03 raises risk toward HK$0.67. From a fundamental stance, GCL Technology shows recovery signals in cash flow growth but still posts negative EPS (-0.21) and negative margins, which explains the conservative valuation (PB 0.81). Meyka AI’s forecast model projects a 12-month level of HK$1.02, an implied downside of -15.36% versus today’s price; this reflects the company’s exposure to cyclic solar inputs and the need for margin recovery. Active traders can lean on technical triggers and volume confirmation; longer-term investors should wait for clearer margin and earnings improvement. Forecasts and the Meyka AI grade are model-based and not guarantees; conduct your own research before trading.
FAQs
What is the current price and volume for 3800.HK stock?
As of this pre-market update, 3800.HK stock trades at HK$1.21 with volume around 317,919,198 shares, near the average of 367,086,039 shares.
What does Meyka AI forecast for 3800.HK stock?
Meyka AI’s forecast model projects a 12‑month level of HK$1.02, implying about -15.36% from the current price of HK$1.21. Forecasts are model-based and not guarantees.
What are the main risks for investors in 3800.HK stock?
Primary risks include weak polysilicon demand, persistent negative margins, and receivables pressure (Days Sales Outstanding 230.36). A failure below HK$1.03 would raise downside risk toward HK$0.67.
When is the next earnings report for 3800.HK?
GCL Technology has an earnings announcement scheduled for 26 Mar 2026. Expect market reaction around guidance for polysilicon prices and segment margins.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.