It makes sense and dollars to buy Gorilla Technology Group Inc. (GRRR) stock

Gorilla Technology Group Inc. (NASDAQ: GRRR) stock jumped 0.68% on Friday to $1.47 against a previous-day closing price of $1.46. With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.54 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $1.4950 whereas the lowest price it dropped to was $1.4100. The 52-week range on GRRR shows that it touched its highest point at $12.45 and its lowest point at $1.39 during that stretch. It currently has a 1-year price target of $5.90. Beta for the stock currently stands at 0.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GRRR was up-trending over the past week, with a rise of 0.68%, but this was down by -18.33% over a month. Three-month performance dropped to -17.88% while six-month performance fell -81.78%. The stock lost -87.33% in the past year, while it has lost -81.87% so far this year. A look at the trailing 12-month EPS for GRRR yields -1.23 with Next year EPS estimates of -0.27.

Float and Shares Shorts:

At present, 68.75 million GRRR shares are outstanding with a float of 41.37 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.73 million, which was 2.52% higher than short shares on Jul 30, 2023. In addition to Mr. Jayesh Chandan as the firm’s CEO & Exec. Chairman, Ms. Daphne Yan Huang serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 15.75% of GRRR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.33% of GRRR, in contrast to 0.10% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GRRR with 0.20% of the stake, Tenor Capital Management Co. LP holds 135,000 shares worth 135,000. A second-largest stockholder of GRRR, Geode Capital Management LLC, holds 65,361 shares, controlling over 0.10% of the firm’s shares. HRT Financial LLC is the third largest shareholder in GRRR, holding 37,844 shares or 0.06% stake. With a 0.06% stake in GRRR, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 41,258 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index E, which owns about 0.04% of GRRR stock, is the second-largest Mutual Fund holder. It holds 24,311 shares valued at 37925.0. Kairos International SICAV – Ital holds 0.00% of the stake in GRRR, owning 0 shares worth 0.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GRRR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GRRR analysts setting a high price target of $7.00 and a low target of $4.80, the average target price over the next 12 months is $5.90. Based on these targets, GRRR could surge 376.19% to reach the target high and rise by 226.53% to reach the target low. Reaching the average price target will result in a growth of 301.36% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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