Gorilla Technology Group Inc (NASDAQ:GRRR) does about 2.40M shares in volume on a normal day but saw 3151066 shares change hands in the recent trading day. The company now has a market cap of 459.45M USD. Its current market price is $22.72, marking an increase of 18.46% compared to the previous close of $19.18. 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 35.09% 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 28.24%, 22.92%, and 66.83% 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 30.72% over the week and 53.00% over the past month. Its price is 25.80% year-to-date and 276.78% over the past year.
To reach the target analysts have set, the stock logically needs to grow 35.09 percent from here.
Outstanding shares total 20.22M with insiders holding 2.42% of the shares and institutional holders owning 11.45% of the company’s common stock. The forward price to earnings ratio is 22.50. The beta has a value of -0.30.
