Why should you keep an eye on Gorilla Technology Group Inc (GRRR)?

Gorilla Technology Group Inc (NASDAQ: GRRR) is 89.10% higher on its value in year-to-date trading and has touched a low of $0.48 and a high of $12.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GRRR stock was last observed hovering at around $0.93 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $1.02, the stock is 62.47% and 70.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing 9.68% at the moment leaves the stock -26.42% off its SMA200. GRRR registered -84.96% loss for a year compared to 6-month loss of -47.69%. The firm has a 50-day simple moving average (SMA 50) of $2.14 and a 200-day simple moving average (SMA200) of $11.95.

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The stock witnessed a 96.15% gain in the last 1 month and extending the period to 3 months gives it a 22.79%, and is 83.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 39.25% over the week and 14.32% over the month.

Distance from 52-week low is 113.08% and -91.75% from its 52-week high.

Gorilla Technology Group Inc quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 108.43% this year.

Gorilla Technology Group Inc (GRRR) Top Institutional Holders

26 institutions hold shares in Gorilla Technology Group Inc (GRRR), with institutional investors hold 20.24% of the company’s shares. The shares outstanding are 71.36M, and float is at 41.24M with Short Float at 1.62%. Institutions hold 11.76% of the Float.

The top institutional shareholder in the company is Tenor Capital Management Co., L.p. with over 0.14 million shares valued at $0.28 million. The investor’s holdings represent 0.20% of the GRRR Shares outstanding. As of Jun 29, 2023, the second largest holder is Geode Capital Management, LLC with 65361.0 shares valued at $0.14 million to account for 0.09% of the shares outstanding. The other top investors are HRT Financial LP which holds 37844.0 shares representing 0.05% and valued at over $79472.0, while UBS Group AG holds 0.03% of the shares totaling 19587.0 with a market value of $41132.0.