Stock Performance And Outlook Of Gorilla Technology Group Inc (NASDAQ: GRRR)

In the last trading session, 8.55 million shares of the Gorilla Technology Group Inc (NASDAQ:GRRR) were traded, and its beta was 0.24. Most recently the company’s share price was $22.41, and it changed around $3.53 or 18.70% from the last close, which brings the market valuation of the company to $304.28M. GRRR currently trades at a discount to its 52-week high of $19.72, offering almost 12.0% off that amount. The share price’s 52-week low was $2.09, which indicates that the current value has risen by an impressive 90.67% since then. We note from Gorilla Technology Group Inc’s average daily trading volume that its 10-day average is 3.83 million shares, with the 3-month average coming to 1.42 million.

Gorilla Technology Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended GRRR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Gorilla Technology Group Inc is expected to report earnings per share of -0.17 for the current quarter.

Gorilla Technology Group Inc (NASDAQ:GRRR) trade information

Instantly GRRR has showed a green trend with a performance of 18.70% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 25.67 on recent trading dayincreased the stock’s daily price by 12.7%. The company’s shares are currently up 315.46% year-to-date, but still up 67.61% over the last five days. On the other hand, Gorilla Technology Group Inc (NASDAQ:GRRR) is 345.53% up in the 30-day period. We can see from the shorts that 1.56 million shares have been sold at a short interest cover period of 0.93 day(s).

Gorilla Technology Group Inc (GRRR) estimates and forecasts

Gorilla Technology Group Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 742.48 percent over the past six months and at a -79.88% annual growth rate that is well below the industry average of 16.10%. The year-over-year growth rate is expected to be 10.08%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 20M in revenue for the current quarter. 2 analysts expect Gorilla Technology Group Inc to make 30.54M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.53M and 26.73M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -36.58%. Forecasts for the next quarter put sales growth at 14.26%.