Gogoro (NASDAQ:GGR) Trading Down 0.5% - Here's Why

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)'s share price traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $0.38 and last traded at $0.38. 205,096 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 592,050 shares. The stock had previously closed at $0.38.

Gogoro Stock Performance

The stock has a 50-day moving average of $0.30 and a 200-day moving average of $0.33. The firm has a market cap of $112.22 million, a price-to-earnings ratio of -0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.62 and a current ratio of 0.81.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in shares of Gogoro by 81.1% during the 1st quarter. Jane Street Group LLC now owns 382,394 shares of the company's stock worth $103,000 after buying an additional 171,273 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Gogoro in the fourth quarter valued at about $40,000. Two Sigma Investments LP acquired a new stake in Gogoro during the fourth quarter worth approximately $121,000. Cubist Systematic Strategies LLC acquired a new stake in Gogoro during the fourth quarter worth approximately $37,000. Finally, OLD Mission Capital LLC bought a new position in Gogoro in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 15.87% of the company's stock.

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.