Gorilla Technology Group Inc (NASDAQ:GRRR) traded with an addition of $0.01 to $0.85 on Thursday, an upside of 1.04 percent. An average of 1,328,230 shares of common stock have been traded in the last five days. There was a fall of -$0.1664 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,192,363 shares traded, while the 50-day average volume stands at 4,301,341.
GRRR stock has decreased by -45.66% in the last month. The company shares reached their 1-month lowest point of $0.8400 on 09/28/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $0.84 and a high of $12.45 in 52 weeks. It has reached a new high 1 time so far this year and lost -89.48% or -$7.2564 in price. In spite of this, the price is down -93.15% from the 52-week high.
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Financial Health
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 27 September was 10.37%, suggesting the stock is oversold, with historical volatility in this time frame at 87.75%.
As of today, GRRR’s price is $0.8860 -16.31% or -$0.1664 from its 5-day moving average. GRRR is currently trading -44.57% lower than its 20-day SMA and -51.77% lower than its 100-day SMA. However, the stock’s current price level is -62.56% below the SMA50 and -91.37% below the SMA200.
The stochastic %K and %D were 1.23% and 1.17%, respectively, and the average true range (ATR) was 0.0916. With the 14-day stochastic at 2.08% and the average true range at 0.1139, the RSI (14) stands at 19.90%. The stock has reached -0.2030 on the 9-day MACD Oscillator while the 14-day reading was at -0.3454.
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. The consensus rating for Gorilla Technology Group Inc (GRRR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GRRR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is GRRR’s price target for the next 12 months?
Analysts predict a range of price targets between $4.80 and $7.00, with a median target of $5.90. Taking a look at these predictions, the average price target given by analysts for Gorilla Technology Group Inc (GRRR) stock is $5.90.
