Gogoro (NASDAQ:GGR - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Gogoro Trading Down 9.1%
NASDAQ:GGR opened at $5.32 on Wednesday. Gogoro has a twelve month low of $3.76 and a twelve month high of $13.99. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 2.41. The business has a 50 day moving average price of $6.79 and a two-hundred day moving average price of $6.08. The company has a market cap of $78.49 million, a P/E ratio of -0.58 and a beta of 0.93.
Gogoro (NASDAQ:GGR - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($1.80) earnings per share 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 for the quarter. As a group, analysts expect that Gogoro will post -0.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Gogoro
An institutional investor recently raised its position in Gogoro stock. Jane Street Group LLC increased its stake in Gogoro Inc. (NASDAQ:GGR - Free Report) by 81.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 382,394 shares of the company's stock after buying an additional 171,273 shares during the quarter. Jane Street Group LLC owned approximately 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.
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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