Gogoro (GGR) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2011 and is based in Taipei, Taiwan.

Key Stats

• Today's Range: $0.46 to $0.48
• 50-Day Range: $0.40 to $1.10
• 52-Week Range: $0.40 to $2.78
• Volume: 550,305 shs
• Average Volume: 638,972 shs
• Market Capitalization: $141.04 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.35
• Consensus Rating: Hold

Gogoro Stock Analysis - MarketRank™

Gogoro scored higher than 37% of companies evaluated by MarketBeat, and ranked 235th out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Gogoro has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Gogoro has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Gogoro is -1.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gogoro is -1.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Gogoro has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.66% of the float of Gogoro has been sold short.

Short Interest Ratio / Days to Cover

Gogoro has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gogoro has recently increased by 0.68%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Gogoro does not currently pay a dividend.

Dividend Growth

Gogoro does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.66% of the float of Gogoro has been sold short.

Short Interest Ratio / Days to Cover

Gogoro has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gogoro has recently increased by 0.68%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.32

News Sentiment

Gogoro has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Gogoro this week, compared to 2 articles on an average week.

Search Interest

Only 3 people have searched for GGR on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

3 people have added Gogoro to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Gogoro insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.80% of the stock of Gogoro is held by insiders.

Percentage Held by Institutions

Only 15.87% of the stock of Gogoro is held by institutions.

GGR Stock Analysis - Frequently Asked Questions

How have GGR shares performed this year?

Gogoro's stock was trading at $2.58 at the start of the year. Since then, GGR stock has decreased by 81.5% and is now trading at $0.4780.
View the best growth stocks for 2024 here.

How were Gogoro's earnings last quarter?

Gogoro Inc. (NASDAQ:GGR) announced its quarterly earnings results on Thursday, May, 9th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $69.71 million for the quarter. Gogoro had a negative trailing twelve-month return on equity of 33.04% and a negative net margin of 19.11%.

Who are Gogoro's major shareholders?

Top institutional shareholders of Gogoro include Temasek Holdings Private Ltd (1.45%), State Street Corp (0.05%), Jane Street Group LLC (0.03%) and Green Alpha Advisors LLC (0.02%).

How do I buy shares of Gogoro?

Shares of GGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Gogoro own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Gogoro investors own include Black Stone Minerals (BSM), AST SpaceMobile (ASTS), Energy Transfer (ET), Kinder Morgan (KMI), 3M (MMM), Atlas Energy Solutions (AESI) and Main Street Capital (MAIN).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:GGR
• CUSIP: N/A
• CIK: 1886190
• Web: www.gogoro.com
• Phone: 886-3273-0900
• Fax: N/A
• Employees: 1,892
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.35
• High Stock Price Target: $2.20
• Low Stock Price Target: $0.50
• Potential Upside/Downside: +182.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.32)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-76,040,000.00
• Net Margins: -19.11%
• Pretax Margin: -18.86%
• Return on Equity: -33.04%
• Return on Assets: -10.23%

Debt

• Debt-to-Equity Ratio: 1.32
• Current Ratio: 1.46
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: $333.94 million
• Price / Sales: 0.42
• Cash Flow: $0.09 per share
• Price / Cash Flow: 5.51
• Book Value: $1.02 per share
• Price / Book: 0.47

Miscellaneous

• Outstanding Shares: 295,066,000
• Free Float: 280,903,000
• Market Cap: $141.04 million
• Optionable: Optionable
• Beta: 0.38