Better Times Ahead For Gorilla Technology Group Inc (NASDAQ: GRRR)?

Gorilla Technology Group Inc (GRRR) concluded trading on Tuesday at a closing price of $13.68, with 2.35 million shares of worth about $32.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 378.60% during that period and on December 24, 2024 the price saw a loss of about -2.01%. Currently the company’s common shares owned by public are about 68.92M shares, out of which, 9.49M shares are available for trading.

Stock saw a price change of 33.14% in past 5 days and over the past one month there was a price change of 185.36%. Year-to-date (YTD), GRRR shares are showing a performance of 152.87% which increased to 153.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.09 but also hit the highest price of $14.64 during that period. The average intraday trading volume for Gorilla Technology Group Inc shares is 1.30 million. The stock is currently trading 57.74% above its 20-day simple moving average (SMA20), while that difference is up 123.96% for SMA50 and it goes to 181.44% higher than SMA200.

Gorilla Technology Group Inc (NASDAQ: GRRR) currently have 68.92M outstanding shares and institutions hold larger chunk of about 1.06% of that.

The stock has a current market capitalization of $148.95M and its 3Y-monthly beta is at 0.41. It has Quick Ratio of 1.43 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GRRR, volatility over the week remained 17.68% while standing at 15.17% over the month.

Stock’s fiscal year EPS is expected to drop by -71.20% while it is estimated to decrease by -42.36% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cantor Fitzgerald on July 26, 2023 offering an Overweight rating for the stock and assigned a target price of $4.80 to it.

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