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Company’s Banking Shares: Up -91.40% from 52-Week Low, But Can the Momentum Hold?

THMO

Gorilla Technology Group Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $69.80 on 07/10/23 and a low of $4.79 for the same time frame on 01/25/24.

52-week price history of GRRR Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Gorilla Technology Group Inc’s current trading price is -91.40% away from its 52-week high, while its distance from the 52-week low is 25.34%. The stock’s price range during this period has spanned from $4.79 to $69.80. In the Technology sector, the Gorilla Technology Group Inc’s shares surpassed a trading volume of approximately 0.69 million for the day, which was noticeably higher compared to the average daily volume of 9.0.32 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Gorilla Technology Group Inc (GRRR) has experienced a quarterly decline of -19.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 52.20M and boasts a workforce of 142 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.75, with a change in price of +0.69. Similarly, Gorilla Technology Group Inc recorded 426,881 in trading volume during the last 100 days, posting a change of +12.80%.

Examining GRRR’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GRRR stands at 0.72. Similarly, the long-term debt-to-equity ratio is also 0.13.

GRRR Stock Stochastic Average

Today, Gorilla Technology Group Inc’s raw stochastic average for the past 50 days stands at 25.40%, indicating a decline from the raw stochastic average of the last 20 days, which was 75.15%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 44.38% and 39.05% respectively.

GRRR Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Until today this year the stock’s price performance recorded an increase of 11.23%. However, over the last six months, the performance has been stronger by -24.71%. The price of GRRR increased 12.78% over the last 30 days. And in the last five days, it has surged by 2.04%.

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