Gorilla Technology Group Inc [NASDAQ: GRRR] gained 15.02% on the last trading session, reaching $20.52 price per share at the time.
If compared to the average trading volume of 2.72M shares, GRRR reached a trading volume of 2896608 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $35.00 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.
Trading performance analysis for GRRR stock
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 18.89. With this latest performance, GRRR shares gained by 29.63% in over the last four-week period, additionally plugging by 236.95% over the last 6 months – not to mention a rise of 242.57% 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 61.13, with the RSI for the last a single of trading hit 71.80, and the three-weeks RSI is set at 55.36 for Gorilla Technology Group Inc [GRRR]. The present Moving Average for the last 50 days of trading for this stock 18.70, while it was recorded at 18.12 for the last single week of trading, and 13.43 for the last 200 days.
An analysis of Institutional ownership at Gorilla Technology Group Inc [GRRR]
The top three institutional holders of GRRR stocks are: ANSON FUNDS MANAGEMENT LP with ownership of 1.05 million shares, which is approximately 9.8086%. HIGHBRIDGE CAPITAL MANAGEMENT LLC, holding 0.17 million shares of the stock with an approximate value of $$0.48 million in GRRR stocks shares; and HIGHBRIDGE CAPITAL MANAGEMENT LLC, currently with $$0.3 million in GRRR stock with ownership which is approximately 1.0062%.
