Gorilla Technology Group Inc. (NASDAQ:GRRR) traded with a subtraction of -$0.09 to $1.60 on Thursday, a downside of -5.41 percent. An average of 2,865,427 shares of common stock have been traded in the last five days. There was a fall of -$0.1750 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 5,666,667 shares traded, while the 50-day average volume stands at 9,270,541.
GRRR stock has decreased by -27.01% in the last month. The company shares reached their 1-month lowest point of $1.5100 on 08/18/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $1.51 and a high of $13.18 in 52 weeks. It has reached a new high 1 time so far this year and lost -80.29% or -$6.5150 in price. In spite of this, the price is down -87.87% from the 52-week high.
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Valuation Metrics
Gorilla Technology Group Inc. (GRRRstock’s beta is 0.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.58.
Financial Health
The quick ratio of Gorilla Technology Group Inc. for the recent quarter was 1.70, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.84 for the recent quarter. Gorilla Technology Group Inc.’s EBITDA margin is -49.01%. Its gross profit as reported stood at $8.34 million compared to revenue of $22.41 million.
Earnings Surprise
The company posted a net income of -$87.54 million in the quarter, while revenues were grew 100.0%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Gorilla Technology Group Inc. (GRRR) price momentum. RSI 9-day as of the close on 23 August was 36.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 100.91%.
As of today, GRRR’s price is $1.6470 -9.89% or -$0.1750 from its 5-day moving average. GRRR is currently trading -24.05% lower than its 20-day SMA and -66.77% lower than its 100-day SMA. However, the stock’s current price level is -9.37% below the SMA50 and -86.25% below the SMA200.
The stochastic %K and %D were 21.69% and 22.45%, respectively, and the average true range (ATR) was 0.2067. With the 14-day stochastic at 11.64% and the average true range at 0.2605, the RSI (14) stands at 39.47%. The stock has reached -0.0522 on the 9-day MACD Oscillator while the 14-day reading was at -0.0963.
Analyst Ratings
Cantor Fitzgerald launched coverage on Gorilla Technology Group Inc. (NASDAQ: GRRR) in its analyst report released on July 26, 2023. The firm assigned the stock an Overweight rating.
