Gorilla Technology Group Inc (NASDAQ: GRRR) is 664.49% higher on its value in year-to-date trading and has touched a low of $2.09 and a high of $44.15 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 $24.27 in the last trading session, with the day’s loss setting it -3.17%.
Currently trading at $21.1, the stock is 0.35% and 10.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.46 million and changing -13.06% at the moment leaves the stock 35.32% off its SMA200. GRRR registered 16.83% gain for a year compared to 6-month gain of 7.05%. The firm has a 50-day simple moving average (SMA 50) of $19.0292 and a 200-day simple moving average (SMA200) of $15.59235.
The stock witnessed a -5.34% loss in the last 1 month and extending the period to 3 months gives it a 27.03%, and is -1.72% 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 9.28% over the week and 10.74% over the month.
Fwd P/E is 18.67. Distance from 52-week low is 909.57% and -52.21% from its 52-week high.
The EPS is expected to shrink by -62.87% this year
58.0 institutions hold shares in Gorilla Technology Group Inc (GRRR), with institutional investors hold 11.78% of the company’s shares. The shares outstanding are 22.67M, and float is at 21.42M with Short Float at 6.16%. Institutions hold 11.49% of the Float.
The top institutional shareholder in the company is ANSON FUNDS MANAGEMENT LP with over 1.05 million shares valued at $2.92 million. The investor’s holdings represent 9.8086 of the GRRR Shares outstanding. As of 2024-06-30, the second largest holder is HIGHBRIDGE CAPITAL MANAGEMENT LLC with 0.17 million shares valued at $0.48 million to account for 1.6129 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.11 million shares representing 1.0062 and valued at over $0.3 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.403 of the shares totaling 43300.0 with a market value of $0.12 million.
