Gogoro (NASDAQ:GGR - Get Free Report) released its earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.22), Zacks reports. Gogoro had a negative net margin of 24.00% and a negative return on equity of 31.68%. The company had revenue of $73.01 million during the quarter. Gogoro updated its FY 2024 guidance to EPS.
Gogoro Price Performance
Gogoro stock traded up $0.05 during mid-day trading on Monday, reaching $0.47. The company had a trading volume of 824,231 shares, compared to its average volume of 281,958. The stock's 50-day simple moving average is $0.49 and its 200-day simple moving average is $0.68. Gogoro has a 1 year low of $0.40 and a 1 year high of $2.03. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 1.02. The company has a market capitalization of $139.89 million, a P/E ratio of -1.48 and a beta of 0.65.
Analyst Ratings Changes
A number of research analysts have recently issued reports on GGR shares. Citigroup reiterated a "neutral" rating and set a $0.50 price target (down from $2.30) on shares of Gogoro in a research note on Friday, November 15th. Benchmark reiterated a "hold" rating on shares of Gogoro in a research report on Monday, November 18th.
Get Our Latest Report on Gogoro
About Gogoro
(
Get Free Report)
Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.
See Also
Before you consider Gogoro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gogoro wasn't on the list.
While Gogoro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
