Citigroup reaffirmed their neutral rating on shares of Gogoro (NASDAQ:GGR - Free Report) in a research note released on Friday, MarketBeat.com reports. Citigroup currently has a $0.50 price target on the stock, down from their previous price target of $2.30.
Separately, Benchmark lowered Gogoro from a "buy" rating to a "hold" rating in a report on Monday, August 19th.
Get Our Latest Stock Analysis on Gogoro
Gogoro Stock Down 1.0 %
NASDAQ GGR traded down $0.00 during trading hours on Friday, reaching $0.47. 385,766 shares of the company traded hands, compared to its average volume of 638,240. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $138.98 million, a PE ratio of -1.76 and a beta of 0.38. Gogoro has a 12 month low of $0.40 and a 12 month high of $2.78. The company has a 50 day moving average of $0.62 and a two-hundred day moving average of $1.16.
Gogoro (NASDAQ:GGR - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.08) earnings per share for the quarter. Gogoro had a negative return on equity of 33.04% and a negative net margin of 19.11%. The company had revenue of $80.94 million during the quarter.
Institutional Investors Weigh In On Gogoro
A hedge fund recently bought a new stake in Gogoro stock. Senator Investment Group LP bought a new stake in Gogoro Inc. (NASDAQ:GGR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,350,000 shares of the company's stock, valued at approximately $2,079,000. Senator Investment Group LP owned 0.55% of Gogoro as of its most recent SEC filing. Hedge funds and other institutional investors own 15.87% of the company's stock.
About Gogoro
(
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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.
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