Gogoro Inc. (NASDAQ:GGR - Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 91,900 shares, a drop of 95.3% from the September 15th total of 1,970,000 shares. Based on an average trading volume of 22,700 shares, the short-interest ratio is currently 4.0 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 22,700 shares, the short-interest ratio is currently 4.0 days.
Gogoro Trading Up 2.0%
Shares of Gogoro stock traded up $0.09 on Thursday, hitting $4.62. The stock had a trading volume of 19,285 shares, compared to its average volume of 27,732. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 2.41. Gogoro has a one year low of $3.76 and a one year high of $13.99. The stock has a market cap of $68.15 million, a price-to-earnings ratio of -0.50 and a beta of 0.93. The stock's 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $6.01.
Gogoro (NASDAQ:GGR - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($1.80) earnings per share (EPS) for the quarter. Gogoro had a negative return on equity of 69.46% and a negative net margin of 46.72%.The firm had revenue of $65.81 million during the quarter. As a group, sell-side analysts predict that Gogoro will post -0.12 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Gogoro in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Gogoro has an average rating of "Reduce" and an average price target of $10.00.
Get Our Latest Report on GGR
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Gogoro stock. Jane Street Group LLC lifted its position in Gogoro Inc. (NASDAQ:GGR - Free Report) by 81.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 382,394 shares of the company's stock after purchasing an additional 171,273 shares during the period. Jane Street Group LLC owned about 0.13% of Gogoro worth $103,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.87% of the company's stock.
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.
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