Gogoro (NASDAQ:GGR) Releases Earnings Results

Key Points

• Gogoro reported an earnings per share (EPS) of ($0.09) for the quarter, with a negative net margin of 42.27% and negative return on equity of 57.27%.
• Shares of Gogoro rose 3.8% mid-day, reaching $0.35, while the company's trading volume was significantly lower than its average.
• Institutional investor Jane Street Group LLC increased its stake in Gogoro by 81.1%, owning approximately 15.87% of the company post-investment.

Gogoro (NASDAQ:GGR - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.09) EPS for the quarter, Zacks reports. Gogoro had a negative net margin of 42.27% and a negative return on equity of 57.27%.

Gogoro Trading Up 3.8%

Shares of GGR traded up $0.01 during mid-day trading on Tuesday, reaching $0.35. The stock had a trading volume of 154,575 shares, compared to its average volume of 581,566. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.81 and a quick ratio of 0.62. Gogoro has a 52-week low of $0.19 and a 52-week high of $1.36. The business's fifty day moving average is $0.31 and its 200 day moving average is $0.33. The firm has a market cap of $104.16 million, a price-to-earnings ratio of -0.78 and a beta of 0.97.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gogoro stock. Jane Street Group LLC boosted its stake in shares of Gogoro Inc. (NASDAQ:GGR - Free Report) by 81.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 382,394 shares of the company's stock after buying an additional 171,273 shares during the quarter. Jane Street Group LLC owned 0.13% of Gogoro worth $103,000 as of its most recent SEC filing. Institutional investors own 15.87% of the company's stock.

Gogoro Company Profile

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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