At the last check on Monday, Gorilla Technology Group Inc.’s (NASDAQ:GRRR) stock was down -$0.08, moving down -4.47 percent to $1.71. The average number of shares traded per day over the past five days has been 2,541,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.3900 fall in that time frame. In the last twenty days, the average volume was 10,007,110, while in the previous 50 days, it was 7,346,364.
Since last month, GRRR stock retreated -18.18%. Shares of the company fell to $1.6700 on 08/04/23, the lowest level in the past month. A 52-week high of $13.18 was reached on 01/03/23 after having rallying from a 52-week low of $1.65. Since the beginning of this year, GRRR’s stock price has dropped by -78.91% or -$6.4000, and marked a new high 1 time. However, the stock has declined by -87.03% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.10. Besides these, the trailing price-to-sales (P/S) ratio of 5.16, the price-to-book (PB) ratio of 4.28.
Financial Health
In the recent quarter, Gorilla Technology Group Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.29, and the total debt-to-equity ratio was 0.84. On the profitability front, the trailing twelve-month gross margin is 37.20% percent. Based on annual data, GRRR earned $8.34 million in gross profit and brought in $22.41 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -165.90%. Return on equity (ROE) for the past 12 months was -247.30%.
GRRR’s revenue rose 100.0% during the quarter, while net income inched up to $22.41 million. The value of shareholders’ equity is $68.54 million.
Technical Picture
This quick technical analysis looks at Gorilla Technology Group Inc.’s (GRRR) price momentum. With a historical volatility rate of 22.67%, the RSI 9-day stood at 30.08% on 04 August.
With respect to its five-day moving average, the current Gorilla Technology Group Inc. price is down by -18.57% percent or -$0.3900. At present, GRRR shares trade -63.62% below its 20-day simple moving average and -78.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.79% above its SMA50 and -85.63% below its SMA200.
Stochastic coefficient K was 1.57% and Stochastic coefficient D was 1.40%, while ATR was 0.3325. Given the Stochastic reading of 1.88% for the 14-day period, the RSI (14) reading has been calculated as 37.61%. As of today, the MACD Oscillator reading stands at -0.2133, while the 14-day reading stands at -0.3469.
Analyst Ratings
Cantor Fitzgerald launched its rating on Gorilla Technology Group Inc. (NASDAQ: GRRR) to an Overweight in a note to investors on July 26, 2023. Gorilla Technology Group Inc. (GRRR) has been rated Buy by analysts. According to 0 brokerage firms, GRRR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gorilla Technology Group Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $7.40, the current consensus forecast for the stock is $4.80 – $10.00. Based on these forecasts, analysts predict Gorilla Technology Group Inc. (GRRR) will achieve an average price target of $7.40.
