Gorilla Technology Group Inc (NASDAQ:GRRR) does about 829.59K shares in volume on a normal day but saw 2751728 shares change hands in the recent trading day. The company now has a market cap of 81.93M USD. Its current market price is $6.09, marking an increase of 21.07% compared to the previous close of $5.03. The 52 week high reached by this stock is $13.00 whilst the lowest price level in 52 weeks is $2.09.
Gorilla Technology Group Inc (GRRR) has a 20-day trading average at $4.50 and the current price is -53.15% off the 52-week high compared with 191.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.35 and its 200-day simple moving average is $4.77. If we look at the stock’s price movements over the week, volatility stands at 13.27%, which decreases to 8.85% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.01 to suggest the stock is overbought.
The consensus objective for the share price is $10.00, suggesting that the stock has a potential upside of 39.1% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 26, 2023 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $4.80.
The current price level is 34.63%, 39.60%, and 27.56% away from its SMA20, SMA50, and SMA200 respectively, with the GRRR price moving below the 50-day SMA on current market day. Gorilla Technology Group Inc (GRRR) stock is up 40.00% over the week and 35.94% over the past month. Its price is 12.90% year-to-date and -10.74% over the past year.
To reach the target analysts have set, the stock logically needs to grow 39.1 percent from here.
The forward price to earnings ratio is 14.67. The beta has a value of 0.55. Price to book ratio is 7.75.
