Gorilla Technology Group Inc [NASDAQ: GRRR] price plunged by -1.47 percent to reach at -$0.25.
The one-year GRRR stock forecast points to a potential upside of 16.35. The average equity rating for GRRR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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 $20.00 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 3.12 The Price to Book ratio for the last quarter was 21.29, with the Price to Cash per share for the same quarter was set at 1.85.
GRRR Stock Performance Analysis:
Gorilla Technology Group Inc [GRRR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.36. With this latest performance, GRRR shares gained by 154.26% in over the last four-week period, additionally plugging by 517.34% over the last 6 months – not to mention a rise of 193.51% 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 56.42, with the RSI for the last a single of trading hit 51.77, and the three-weeks RSI is set at 58.93 for Gorilla Technology Group Inc [GRRR]. The present Moving Average for the last 50 days of trading for this stock 8.82, while it was recorded at 20.25 for the last single week of trading, and 5.40 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.
