Gorilla Technology Group Inc (NASDAQ:GRRR) shares, rose in value on Wednesday, April 16, with the stock price down by -4.45% to the previous day’s close as strong demand from buyers drove the stock to $19.12.
Actively observing the price movement in the last trading, the stock closed the session at $20.01, falling within a range of $17.85 and $19.2. The value of beta (5-year monthly) was -0.825. Referring to stock’s 52-week performance, its high was $44.15, and the low was $2.09. On the whole, GRRR has fluctuated by -29.00% over the past month.
With the market capitalization of Gorilla Technology Group Inc currently standing at about $353.05 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Apr-03.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 71.22M, with a low estimate of 15M and a high estimate of 25M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GRRR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of GRRR currently trading nearly -12.08% and -23.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.79, while the 7-day volatility ratio is showing 9.42% which for the 30-day chart, stands at 15.65%. Furthermore, Gorilla Technology Group Inc (GRRR)’s beta value is -0.16, and its average true range (ATR) is 3.71.
A comparison of Gorilla Technology Group Inc (GRRR) with its peers suggests the former has fared considerably weaker in the market. GRRR showed an intraday change of -4.45% in last session, and over the past year, it grew by 257.38%%.
Data on historical trading for Gorilla Technology Group Inc (NASDAQ:GRRR) indicates that the trading volumes over the past 10 days have averaged 3.08 and over the past 3 months, they’ve averaged 3.76 million. According to company’s latest data on outstanding shares, there are 68.92 million shares outstanding.
Nearly 8.79% of Gorilla Technology Group Inc’s shares belong to company insiders and institutional investors own 8.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.24 million shares as on 2025-03-31, resulting in a short ratio of 0.45. According to the data, the short interest in Gorilla Technology Group Inc (GRRR) stood at 1226.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.23 million. The stock has risen by 5.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRRR stock heading into the next quarter.
