Gorilla Technology Group Inc. (NASDAQ:GRRR) saw an upside of 23.38% to close Tuesday at $1.90 after adding $0.36 on the day. The 5-day average trading volume is 12,413,020 shares of the company’s common stock. It has gained $2.2400 in the past week and touched a new high 2 times within the past 5 days. An average of 9,187,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,451,992.
GRRR’s 1-month performance is -68.39% or -$2.8000 on its low of $1.5300 reached on 08/07/23. The company’s shares have touched a 52-week low of $1.53 and high of $13.18, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, GRRR has lost -76.57% or -$6.2100 and has reached a new high 1 time. However, the current price is down -85.58% from the 52-week high price.
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Valuation Metrics
GRRR stock has a beta of 0.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.00 while the price-to-book (PB) in the most recent quarter is 4.75.
Gorilla Technology Group Inc.’s quick ratio for the recent period was 1.70, with the current ratio over the same period at 1.70.. In terms of profitability, the gross margin trailing 12 months is 37.20%. The trailing 12-month EBITDA margin is -49.01%. The firm’s gross profit as reported stood at $8.34 million against revenue of $22.41 million.
Earnings Surprise
Net income grew 100.0% to -$87.54 million, while revenue of $0.0 was 100.0% off the previous quarter. Shareholders hold equity totaling $68.54 million.
Let’s look briefly at Gorilla Technology Group Inc. (GRRR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 41.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 133.96%.
The stock’s 5-day moving average is $1.7600, reflecting a -5.00% or -$0.1000 change from its current price. GRRR is currently trading -65.83% above its 20-day SMA, -76.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.47% and SMA200 by-83.63%.
Stochastic %K and %D was 8.96% and 3.93% and the average true range (ATR) pointed at 0.3592. The RSI (14) points at 42.73%, while the 14-day stochastic is at 24.34% with the period’s ATR at 0.4026. The stock’s 9-day MACD Oscillator is pointing at -0.1789 and -0.3340 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gorilla Technology Group Inc. (NASDAQ: GRRR), Cantor Fitzgerald launched coverage with an Overweight rating. Analysts offering their rating for GRRR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GRRR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is GRRR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.80 and a high of $10.00, with their median price target at $7.40. Looking at these predictions, the average price target given by analysts is for Gorilla Technology Group Inc. (GRRR) stock is $7.40.
