Gorilla Technology Group Inc (NASDAQ:GRRR) currently has a daily average trading volume of 1.30M but it saw 2347483 shares traded in last market. With a market cap of 148.95M USD, the company’s current market price of $13.68 came falling about -2.01 while comparing to the previous closing price of $13.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.64 and as low as $2.09. In the recent trading on the day, stock has struck highest price mark of $13.4 while lowest mark touched by it was $14.72.
Taking a look at 20-day trading activity of Gorilla Technology Group Inc (GRRR) gives us an average price of $8.67, while its current price level is -6.56% below from 52-week high level whereas it is 554.55% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.11 while that of 200 days or SMA-200 reads an average of $4.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.68% during that period while stretching the period over a month that decreases to 15.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 84.66 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Cantor Fitzgerald which initiated the stock as “Overweight” in its note to investors issued on July 26, 2023, recommending a price target of $4.80 for it.
Over the week, GRRR’s stock price is moving 33.14% up while it is 185.36% when we observe its performance for the past one month. Year-to-date it is 152.87% up and over the past year, the stock is showing an upside performance of 153.30%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.17 while estimate for next year EPS is 0.33. In next quarter, company is expected to be making quarterly sales of $30.54M as analysts are expecting the sales for current fiscal year at $71.22M and seeing the company making $92.46M in sales next year. Moreover, analysts are in estimates of $20M for current-quarter revenue.
Currently, Gorilla Technology Group Inc’s total number of outstanding shares is 68.92M. It has a 32.96 of forward P/E ratio. Stock’s beta reads 0.41. Stock has a price to book (P/B) ratio of 17.41.
