Gogoro (NASDAQ:GGR) Trading Down 2.7% - Time to Sell?

Key Points

• Gogoro Inc. shares decreased by 2.7% to $0.34, with a trading volume significantly down by 56% from the average.
• The company reported a quarterly loss of ($0.09) earnings per share and a negative net margin of 46.72%, indicating ongoing financial challenges.
• Institutional investors hold 15.87% of Gogoro's stock, with several hedge funds recently increasing their positions in the company.

Gogoro Inc. (NASDAQ:GGR - Get Free Report) shares fell 2.7% on Wednesday . The stock traded as low as $0.34 and last traded at $0.34. 144,631 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 326,234 shares. The stock had previously closed at $0.34.

Gogoro Trading Up 4.6%

The company's fifty day simple moving average is $0.34 and its two-hundred day simple moving average is $0.32. 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 company has a market capitalization of $110.65 million, a price-to-earnings ratio of -0.82 and a beta of 0.97.

Gogoro (NASDAQ:GGR - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $65.81 million during the quarter. Gogoro had a negative return on equity of 69.46% and a negative net margin of 46.72%. Research analysts forecast that Gogoro Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gogoro

Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in Gogoro in the fourth quarter worth $37,000. Alpine Global Management LLC acquired a new stake in Gogoro in the fourth quarter worth $40,000. Jane Street Group LLC raised its holdings in Gogoro by 136.6% in the fourth quarter. Jane Street Group LLC now owns 211,121 shares of the company's stock worth $105,000 after purchasing an additional 121,905 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Gogoro in the fourth quarter worth $121,000. 15.87% of the stock is currently owned by institutional investors and hedge funds.

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.