Gorilla Technology Group Inc [NASDAQ: GRRR] slipped around -4.36 points on Wednesday, while shares priced at $20.77 at the close of the session, down -17.35%.
Compared to the average trading volume of 3.97M shares, GRRR reached a trading volume of 5140975 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $31.00 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.
How has GRRR stock performed recently?
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 -19.37. With this latest performance, GRRR shares dropped by -45.49% in over the last four-week period, additionally plugging by 385.28% over the last 6 months – not to mention a rise of 171.79% 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 42.55, with the RSI for the last a single of trading hit 37.69, and the three-weeks RSI is set at 45.68 for Gorilla Technology Group Inc [GRRR]. The present Moving Average for the last 50 days of trading for this stock 24.18, while it was recorded at 25.20 for the last single week of trading, and 10.24 for the last 200 days.
Earnings analysis for Gorilla Technology Group Inc [GRRR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GRRR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gorilla Technology Group Inc go to -21.42%.
Insider trade positions for Gorilla Technology Group Inc [GRRR]
There are presently around $10.13%, or 10.79%% of GRRR stock, in the hands of institutional investors.
