Gorilla Technology Group Inc (NASDAQ:GRRR) does about 2.03M shares in volume on a normal day but saw 1113622 shares change hands in the recent trading day. The company now has a market cap of 373.10M USD. Its current market price is $18.45, marking a decrease of -7.89% compared to the previous close of $20.03. The 52 week high reached by this stock is $44.15 whilst the lowest price level in 52 weeks is $2.09.
The consensus objective for the share price is $35.00, suggesting that the stock has a potential upside of 47.29% 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 -2.14%, 1.88%, and 29.57% away from its SMA20, SMA50, and SMA200 respectively, with the GRRR price moving above the 50-day SMA on current market day. Gorilla Technology Group Inc (GRRR) stock is down -13.09% over the week and 4.12% over the past month. Its price is 2.16% year-to-date and 545.10% over the past year.
To reach the target analysts have set, the stock logically needs to grow 47.29 percent from here.
The forward price to earnings ratio is 18.27. The beta has a value of -0.31.
