The stock of Gorilla Technology Group Inc. (NASDAQ:GRRR) decreased by -$0.03 on Friday to finish at $1.80, down -1.63 percent. The last five days have seen an average of 15,334,910 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$6.3000. The average number of shares traded over the last 20 days was 9,467,673, while the average volume over the last 50 days totaled 8,929,605.
GRRR stock dropped -58.62% since last month. On 08/07/23, the company’s shares reached a one-month low of $1.5300. The stock touched a high of $13.18 on 01/03/23, after rallying from a low of $1.53 in 52 weeks. The price of GRRR stock has declined by -77.80% or -$6.3000 this year, reaching a new high 1 time. Still, the stock price is down -86.34% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Financial Health
For the recent quarter, Gorilla Technology Group Inc.’s quick ratio was 1.70, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.29, and the total debt to equity ratio is 0.84. As far as profitability goes, gross margin for the trailing twelve months is 37.20% percent. Based on annual data, it had gross profit of $8.34 million and revenue of $22.41 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -165.90% return on investment (ROI) in the past year.
Earnings Surprise
Net income for the quarter came in at $22.41 million, while revenues rose by 100.0% to $0.0. At the end of Gorilla Technology Group Inc.’s most recent quarter, its total debt was $24.47 million. Equity owned by shareholders amounts to $68.54 million.
Technical Picture
Here’s a quick look at Gorilla Technology Group Inc.’s (GRRR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 39.28%, suggesting the stock is Neutral, with a 139.95% historical volatility rate.
The stochastic %K and %D were 39.72% and 39.64% respectively, while the average true range (ATR) was 0.2917. Based on the 14-day stochastic reading of 35.00%, the RSI (14) reading is 41.64%. On the 9-day MACD Oscillator, the stock is at 0.0422, and the 14-day reading is at -0.0538.
Analyst Ratings
In its analyst report released on July 26, 2023, Cantor Fitzgerald began covering Gorilla Technology Group Inc. (NASDAQ: GRRR). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Gorilla Technology Group Inc. (GRRR) an Buy rating. GRRR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is GRRR’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.80 and $7.00, with a median target price of $5.90. In analyzing these forecasts, the average price target given by analysts for Gorilla Technology Group Inc. (GRRR) is $5.90.
