As of Wednesday close, Gorilla Technology Group Inc.’s (NASDAQ:GRRR) stock traded at $1.80. The average number of shares traded per day over the past five days has been 2,361,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2000 fall in that time frame. In the last twenty days, the average volume was 8,617,200, while in the previous 50 days, it was 8,993,948.
Since last month, GRRR stock retreated -22.41%. Shares of the company fell to $1.5300 on 08/07/23, 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 $1.53. Since the beginning of this year, GRRR’s stock price has dropped by -77.81% or -$6.3100, and marked a new high 1 time. However, the stock has declined by -86.34% since its 52-week high.
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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.
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 137.07%, the RSI 9-day stood at 39.47% on 16 August.
With respect to its five-day moving average, the current Gorilla Technology Group Inc. price is down by -10.00% percent or -$0.2000. At present, GRRR shares trade -21.05% below its 20-day simple moving average and -77.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.69% below its SMA50 and -84.86% below its SMA200.
Stochastic coefficient K was 39.94% and Stochastic coefficient D was 40.78%, while ATR was 0.2588. Given the Stochastic reading of 38.03% for the 14-day period, the RSI (14) reading has been calculated as 41.70%.
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 $5.90, the current consensus forecast for the stock is $4.80 – $7.00. Based on these forecasts, analysts predict Gorilla Technology Group Inc. (GRRR) will achieve an average price target of $5.90.
