Gogoro (NASDAQ:GGR) Stock Price Down 0.5% - Here's What Happened

Key Points

• Gogoro's stock price has decreased by 0.5% to $0.38, with a significant drop in trading volume down to 205,096 shares, a 65% decline from its average daily volume.
• The company has a market capitalization of $112.63 million, a negative PE ratio of -0.85, and a debt-to-equity ratio of 1.70.
• Institutional investors hold 15.87% of Gogoro's stock, with several hedge funds recently increasing their stakes in the company.

Gogoro Inc. (NASDAQ:GGR - Get Free Report) shares were down 0.5% during mid-day trading on Tuesday . The company traded as low as $0.38 and last traded at $0.38. Approximately 205,096 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 592,050 shares. The stock had previously closed at $0.38.

Gogoro Stock Performance

The company has a market capitalization of $101.54 million, a P/E ratio of -0.76 and a beta of 0.96. The business has a 50-day moving average of $0.30 and a 200-day moving average of $0.33. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.81 and a quick ratio of 0.62.

Institutional Trading of Gogoro

Institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new stake in shares of Gogoro during the fourth quarter worth $28,000. Cubist Systematic Strategies LLC bought a new stake in shares of Gogoro during the fourth quarter worth $37,000. Alpine Global Management LLC bought a new stake in shares of Gogoro during the fourth quarter worth $40,000. Jane Street Group LLC lifted its position in shares of Gogoro by 81.1% during the first quarter. Jane Street Group LLC now owns 382,394 shares of the company's stock worth $103,000 after purchasing an additional 171,273 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Gogoro during the fourth quarter worth $121,000. 15.87% of the stock is currently owned by institutional investors.

About Gogoro

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.