Shares of Gogoro Inc. (NASDAQ:GGR - Free Report) are scheduled to reverse split before the market opens on Monday, October 6th. The 1-20 reverse split was announced on Tuesday, September 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, October 3rd.
Gogoro Stock Performance
NASDAQ:GGR traded up $0.01 during mid-day trading on Monday, hitting $0.34. 404,338 shares of the stock were exchanged, compared to its average volume of 533,774. The firm's 50-day simple moving average is $0.35 and its 200 day simple moving average is $0.31. The stock has a market capitalization of $99.44 million, a price-to-earnings ratio of -0.73 and a beta of 0.97. Gogoro has a fifty-two week low of $0.19 and a fifty-two week high of $0.75. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.82 and a current ratio of 1.01.
Gogoro (NASDAQ:GGR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter. Gogoro had a negative net margin of 46.72% and a negative return on equity of 69.46%. The company had revenue of $65.81 million for the quarter. As a group, equities analysts anticipate that Gogoro will post -0.12 EPS for the current fiscal year.
Hedge Funds Weigh In On Gogoro
A hedge fund recently raised its stake in Gogoro stock. Jane Street Group LLC boosted its position in Gogoro Inc. (NASDAQ:GGR - Free Report) by 136.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,121 shares of the company's stock after purchasing an additional 121,905 shares during the period. Jane Street Group LLC owned about 0.07% of Gogoro worth $105,000 as of its most recent SEC filing. Institutional investors own 15.87% of the company's stock.
Gogoro Company Profile
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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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