Gorilla Technology Group Inc (NASDAQ: GRRR) is 35.71% higher on its value in year-to-date trading and has touched a low of $0.48 and a high of $6.98 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 $0.76 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.73, the stock is -3.65% and -5.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -3.68% at the moment leaves the stock -38.97% off its SMA200. GRRR registered -84.75% loss for a year compared to 6-month loss of -14.13%. The firm has a 50-day simple moving average (SMA 50) of $1.91 and a 200-day simple moving average (SMA200) of $10.69.
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The stock witnessed a -8.50% gain in the last 1 month and extending the period to 3 months gives it a 31.54%, and is -2.40% down 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 5.90% over the week and 7.54% over the month.
Distance from 52-week low is 52.91% and -89.51% from its 52-week high.
Gorilla Technology Group Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $4.4M over the same period.The EPS is expected to grow by 107.12% this year
19 institutions hold shares in Gorilla Technology Group Inc (GRRR), with institutional investors hold 22.93% of the company’s shares. The shares outstanding are 80.27M, and float is at 52.37M with Short Float at 2.83%. Institutions hold 14.68% 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.
