Gorilla Technology Group Inc [NASDAQ: GRRR] stock went on a downward path that fall over -2.01% on Tuesday, amounting to a one-week price increase of more than 33.14%.
Over the last 12 months, GRRR stock rose by 153.30%. The one-year Gorilla Technology Group Inc stock forecast points to a potential upside of 5.66. The average equity rating for GRRR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $148.95 million, with 68.92 million shares outstanding and 9.49 million shares in the current float. Compared to the average trading volume of 1.30M shares, GRRR stock reached a trading volume of 2347483 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Gorilla Technology Group Inc [GRRR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRRR shares is $14.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRRR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Gorilla Technology Group Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 26, 2023.
The Average True Range (ATR) for Gorilla Technology Group Inc is set at 1.26 The Price to Book ratio for the last quarter was 17.41, with the Price to Cash per share for the same quarter was set at 3.13.
GRRR Stock Performance Analysis:
Gorilla Technology Group Inc [GRRR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.14. With this latest performance, GRRR shares gained by 185.36% in over the last four-week period, additionally plugging by 378.60% over the last 6 months – not to mention a rise of 153.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRRR stock in for the last two-week period is set at 84.66, with the RSI for the last a single of trading hit 87.50, and the three-weeks RSI is set at 82.73 for Gorilla Technology Group Inc [GRRR]. The present Moving Average for the last 50 days of trading for this stock 6.11, while it was recorded at 12.97 for the last single week of trading, and 4.86 for the last 200 days.
Insight into Gorilla Technology Group Inc Fundamentals:
Gorilla Technology Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.43 and a Current Ratio set at 1.43.
