A Review of Gorilla Technology Group Inc (NASDAQ: GRRR)’s Performance and Growth Prospects

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In the latest trading session, 0.98 million Gorilla Technology Group Inc (NASDAQ:GRRR) shares changed hands as the company’s beta touched 0.50. With the company’s most recent per share price at $4.57 changing hands around $0.33 or 7.90% at last look, the market valuation stands at $50.83M. GRRR’s current price is a discount, trading about -184.46% off its 52-week high of $13.00. The share price had its 52-week low at $2.09, which suggests the last value was 54.27% up since then. When we look at Gorilla Technology Group Inc’s average trading volume, we note the 10-day average is 0.42 million shares, with the 3-month average coming to 566.45K.

Analysts gave the Gorilla Technology Group Inc (GRRR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GRRR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Gorilla Technology Group Inc’s EPS for the current quarter is expected to be -0.32.

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Gorilla Technology Group Inc (NASDAQ:GRRR) trade information

Instantly GRRR is in green as seen in intraday trades today. With action 12.96%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -15.18%, with the 5-day performance at 12.96% in the green. However, in the 30-day time frame, Gorilla Technology Group Inc (NASDAQ:GRRR) is 14.95% up. Looking at the short shares, we see there were 0.64 million shares sold at short interest cover period of 0.51 days.

Gorilla Technology Group Inc (GRRR) estimates and forecasts

Data shows that the Gorilla Technology Group Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -20.98% over the past 6 months, a -79.88% in annual growth rate that is considerably lower than the industry average of 19.20%. Year-over-year growth is forecast to reach 13.30% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 8.57M. 3 analysts are of the opinion that Gorilla Technology Group Inc’s revenue for the current quarter will be 12.48M. The 2024 estimates are for Gorilla Technology Group Inc earnings to decrease by -71.20%.

Gorilla Technology Group Inc (NASDAQ:GRRR)’s Major holders

MORGAN STANLEY holds the second largest percentage of outstanding shares. With 100.0 shares estimated at $0.46 million under it, the former controlled 1.12% of total outstanding shares.