Gogoro Stock Scheduled to Reverse Split on Monday, October 6th (NASDAQ:GGR)

Key Points

• Gogoro Inc. will undergo a 1-for-20 reverse stock split on October 6th, affecting the number of shares owned by shareholders after the market closes on October 3rd.
• The company reported a quarterly loss of ($0.09) EPS and anticipates a negative EPS of -0.12 for the current fiscal year, reflecting ongoing financial challenges.
• Recent institutional investments include a significant 81.1% increase in stake by Jane Street Group, illustrating continued interest from large investors despite the company’s struggles.

Gogoro Inc. (NASDAQ:GGR - Free Report)'s stock is scheduled to reverse split on the morning of 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 market closes on Friday, October 3rd.

Gogoro Price Performance

NASDAQ:GGR traded up $0.02 during trading hours on Tuesday, hitting $0.36. The company's stock had a trading volume of 43,861 shares, compared to its average volume of 531,141. The stock has a fifty day simple moving average of $0.35 and a 200-day simple moving average of $0.31. The company has a market capitalization of $105.05 million, a P/E ratio of -0.77 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.01 and a quick ratio of 0.82. Gogoro has a twelve month low of $0.19 and a twelve month high of $0.75.

Gogoro (NASDAQ:GGR - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $65.81 million during the quarter. Gogoro had a negative net margin of 46.72% and a negative return on equity of 69.46%. On average, analysts anticipate that Gogoro will post -0.12 EPS for the current fiscal year.

Institutional Trading of Gogoro

A hedge fund recently raised its stake in Gogoro stock. Jane Street Group LLC grew its position in shares of Gogoro Inc. (NASDAQ:GGR - Free Report) by 81.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 382,394 shares of the company's stock after purchasing an additional 171,273 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of Gogoro worth $103,000 as of its most recent SEC filing. 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.