Last Updated: 16 Oct 2024
Executive Summary
Gorilla Technology Group Inc. (GRRR) is a technology company that provides video intelligence, IoT security, and edge content management solutions in the Asia Pacific region. The company has a strong financial position with a market capitalization of $47.25 million, EBITDA of $32.16 million, and EPS of $17.61. GRRR's stock is currently trading at $4.07, below its analyst target price of $14.67. The company's fundamentals are solid, with strong revenue and earnings growth, as well as a healthy profit margin. Technically, GRRR's stock is in a downtrend, but it is showing signs of bottoming out.
Company Overview
Gorilla Technology Group Inc. was founded in 2005 and is headquartered in Taipei, Taiwan. The company provides a range of video intelligence, IoT security, and edge content management solutions to customers in the Asia Pacific region. GRRR's products and services include video surveillance, access control, intrusion detection, and video analytics. The company has a strong customer base, including government agencies, financial institutions, and commercial businesses.
Fundamental Analysis
GRRR's financial performance has been strong in recent years. The company's revenue has grown from $58.9 million in 2020 to $78.9 million in 2023. EPS has also grown from $12.35 in 2020 to $17.61 in 2023. GRRR's profit margin is 28.3%, which is above the industry average. The company's balance sheet is also strong, with $47.25 million in cash and equivalents and no debt.
Technical Analysis
GRRR's stock price has been in a downtrend since early 2023. The stock fell from a high of $13 in January to a low of $2.09 in June. However, the stock has recently shown signs of bottoming out. The 50-day moving average is now above the 200-day moving average, and the stock is trading above its recent lows.
Short Term Outlook
GRRR's stock is likely to continue to trade in a range in the short term. The stock is currently trading below its analyst target price of $14.67, but it is also above its recent lows. The company's fundamentals are strong, and the stock is showing signs of bottoming out. Investors should consider buying GRRR stock at current levels.
Long Term Outlook
GRRR's long-term outlook is positive. The company is a leader in the video intelligence, IoT security, and edge content management market. The company's products and services are in high demand, and the company has a strong customer base. GRRR is well-positioned to continue to grow its revenue and earnings in the years to come.
Analyst Recommendations
Three analysts have issued buy ratings on GRRR stock in the past month. The average analyst target price is $14.67. Investors should consider buying GRRR stock at current levels.
