Gogoro Inc. (NASDAQ:GGR - Get Free Report)'s stock price rose 2.4% on Thursday . The stock traded as high as $0.42 and last traded at $0.42. Approximately 723,308 shares were traded during trading, an increase of 1% from the average daily volume of 713,339 shares. The stock had previously closed at $0.41.
Analyst Ratings Changes
GGR has been the subject of several analyst reports. Benchmark restated a "hold" rating on shares of Gogoro in a report on Monday, November 18th. Citigroup restated a "neutral" rating and set a $0.50 price target (down from $2.30) on shares of Gogoro in a report on Friday, November 15th.
View Our Latest Stock Report on GGR
Gogoro Price Performance
The company has a debt-to-equity ratio of 1.58, a current ratio of 0.89 and a quick ratio of 0.69. The company has a market capitalization of $118.09 million, a PE ratio of -0.89 and a beta of 0.61. The firm has a 50-day moving average of $0.45 and a 200 day moving average of $0.58.
Gogoro (NASDAQ:GGR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.22). Gogoro had a negative net margin of 39.69% and a negative return on equity of 53.23%. The business had revenue of $73.01 million for the quarter. As a group, research analysts anticipate that Gogoro Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Gogoro
Several institutional investors have recently modified their holdings of GGR. OLD Mission Capital LLC purchased a new stake in shares of Gogoro during the fourth quarter valued at $28,000. Cubist Systematic Strategies LLC purchased a new position in Gogoro in the fourth quarter worth about $37,000. Alpine Global Management LLC purchased a new position in Gogoro in the fourth quarter worth about $40,000. SBI Securities Co. Ltd. purchased a new position in Gogoro in the fourth quarter worth about $42,000. Finally, Jane Street Group LLC boosted its position in Gogoro by 113.0% in the third quarter. Jane Street Group LLC now owns 89,216 shares of the company's stock worth $47,000 after purchasing an additional 47,336 shares during the last quarter. 15.87% of the stock is owned by hedge funds and other 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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