Gorilla Technology Group Inc (NASDAQ:GRRR) traded at $26.99 at close of the session on Tuesday, March 11 and made an upward move of 11.53% on its previous day’s price.
Gorilla Technology Group Inc has a market cap of $498.36 million and is expected to release its quarterly earnings report in April.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 20M, with a low of 15M and a high of 25M. The median projection represents growth adding up to -36.58% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 71.22M, or 10.08% up from figures reported last year.
On the other hand, looking at the outlook for the GRRR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Gorilla Technology Group Inc (GRRR) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -5.03% off its SMA20 and 27.82% from its 50-day simple moving average. The RSI (14) is pointing at 51.24 while the volatility over the past week is 26.53% and jumps to 22.49% over the past one month. The beta value is -0.20, while the average true range (ATR) is currently pointing at 5.61.
