Now Is The Time To Build A Position In Gorilla Technology Group Inc (NASDAQ:GRRR)

Gorilla Technology Group Inc (NASDAQ:GRRR) has a beta value of 0.65 and has seen 5.76 million shares traded in the last trading session. The company, currently valued at $113.81M, closed the last trade at $8.88 per share which meant it gained $1.19 on the day or 15.41% during that session. The GRRR stock price is -46.4% off its 52-week high price of $13.00 and 76.46% above the 52-week low of $2.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.73 million shares traded. The 3-month trading volume is 958.60K shares.

The consensus among analysts is that Gorilla Technology Group Inc (GRRR) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.

Gorilla Technology Group Inc (NASDAQ:GRRR) trade information

Sporting 15.41% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GRRR stock price touched $8.88 or saw a rise of 7.21%. Year-to-date, Gorilla Technology Group Inc shares have moved 64.53%, while the 5-day performance has seen it change 34.88%. Over the past 30 days, the shares of Gorilla Technology Group Inc (NASDAQ:GRRR) have changed 98.55%. Short interest in the company has seen 0.86 million shares shorted with days to cover at 1.42.

Gorilla Technology Group Inc (GRRR) estimates and forecasts

Figures show that Gorilla Technology Group Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 190.98% over the past 6 months, with this year growth rate of -79.88%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 10.08%.

2 analysts offering their estimates for the company have set an average revenue estimate of 20M for the current quarter. 2 have an estimated revenue figure of 30.54M for the next ending quarter. Year-ago sales stood 31.53M and 26.73M respectively for this quarter and the next, and analysts expect sales will shrink by -36.58% for the current quarter and 10.08% for the next.

GRRR Dividends

Gorilla Technology Group Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.