Gogoro (NASDAQ:GGR) Shares Up 2.8% - Here's Why

Key Points

• Gogoro shares rose 2.8% intraday to $4.31, but trading was thin at 2,781 shares—about 79% below the average session volume.
• Analysts maintain a Sell view (Weiss Ratings restated "sell (e+)"), and the stock's consensus rating on MarketBeat is "Sell."
• Fundamentals are weak: market cap ≈ $63M, last quarter EPS was −$1.41, with negative margins and a debt-to-equity ratio of 2.86.

Gogoro Inc. (NASDAQ:GGR - Get Free Report) shares shot up 2.8% during mid-day trading on Wednesday . The stock traded as high as $4.31 and last traded at $4.2650. 2,781 shares were traded during trading, a decline of 79% from the average session volume of 13,034 shares. The stock had previously closed at $4.15.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Gogoro in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Gogoro Price Performance

The firm has a market cap of $62.99 million, a P/E ratio of -0.79 and a beta of 0.74. The firm's fifty day simple moving average is $3.72 and its 200 day simple moving average is $3.60. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.59 and a current ratio of 0.76.

Gogoro (NASDAQ:GGR - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported ($1.41) earnings per share (EPS) for the quarter. The firm had revenue of $74.40 million during the quarter. Gogoro had a negative return on equity of 53.91% and a negative net margin of 28.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its position in Gogoro by 9.5% during the third quarter. Citadel Advisors LLC now owns 181,126 shares of the company's stock valued at $54,000 after purchasing an additional 15,749 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Gogoro by 81.1% in 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 during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Gogoro by 185.8% in the 3rd quarter. GSA Capital Partners LLP now owns 774,659 shares of the company's stock worth $233,000 after buying an additional 503,624 shares during the last quarter. 15.87% of the stock is owned by hedge funds and other institutional investors.

About Gogoro

Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations.

The core of Gogoro's business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.

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