Positive Sentiment Still Eludes Gorilla Technology Group Inc. (NASDAQ:GRRR) Following 30% Share Price Slump
Gorilla Technology Group Inc. (NASDAQ:GRRR) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 30% and undoing the prior period’s positive performance. Of course, over the longer-term many would still wish they owned shares as the stock’s price has soared 224% in the last twelve months.
In spite of the heavy fall in price, it’s still not a stretch to say that Gorilla Technology Group’s price-to-sales (or “P/S”) ratio of 4.4x right now seems quite “middle-of-the-road” compared to the Software industry in the United States, where the median P/S ratio is around 4.8x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S….
