Gogoro Inc. (NASDAQ:GGR - Get Free Report)'s stock price was down 7.1% on Monday . The company traded as low as $0.22 and last traded at $0.22. Approximately 902,466 shares traded hands during trading, an increase of 22% from the average daily volume of 739,203 shares. The stock had previously closed at $0.24.
Gogoro Stock Up 10.5 %
The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 1.58. The stock's 50-day moving average price is $0.37 and its 200-day moving average price is $0.46. The stock has a market cap of $68.52 million, a price-to-earnings ratio of -0.52 and a beta of 0.85.
Gogoro (NASDAQ:GGR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.22). The business had revenue of $73.01 million during the quarter. Gogoro had a negative return on equity of 53.23% and a negative net margin of 39.69%. On average, sell-side analysts expect that Gogoro Inc. will post -0.12 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Aspiring Ventures LLC bought a new position in shares of Gogoro during the 4th quarter worth about $495,000. JPMorgan Chase & Co. raised its position in shares of Gogoro by 130.5% during the third quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company's stock worth $299,000 after purchasing an additional 318,897 shares during the period. Two Sigma Investments LP bought a new position in shares of Gogoro in the 4th quarter worth $121,000. Jane Street Group LLC grew its position in Gogoro by 136.6% in the 4th quarter. Jane Street Group LLC now owns 211,121 shares of the company's stock valued at $105,000 after purchasing an additional 121,905 shares during the period. Finally, State Street Corp increased its stake in Gogoro by 105.3% during the 3rd quarter. State Street Corp now owns 134,806 shares of the company's stock valued at $71,000 after purchasing an additional 69,142 shares in the last quarter. 15.87% of the stock is owned by institutional investors.
Gogoro Company Profile
(
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.
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