Gogoro (NASDAQ:GGR) Stock Price Down 2.6% - Should You Sell?

Key Points

• Gogoro (NASDAQ:GGR) shares fell 2.6% to $3.80 on Tuesday on light volume (4,359 shares, about 73% below average), leaving a market cap near $56.1 million and the stock trading around its 200-day moving average ($3.83).
• The company reported a quarterly loss of $1.41 per share, carries a negative net margin (-28.71%) and negative ROE (-53.99%), and analysts expect FY EPS of -0.12, while leverage and liquidity look strained (debt/equity 2.75, current ratio 0.77).
• Analysts maintain a consensus Sell rating (Weiss reiterated a "sell (e+)"), even as institutional ownership sits at about 15.87% and several hedge funds recently raised their stakes.

Gogoro Inc. (NASDAQ:GGR - Get Free Report) was down 2.6% during trading on Tuesday . The company traded as low as $3.79 and last traded at $3.80. Approximately 4,359 shares changed hands during trading, a decline of 73% from the average daily volume of 16,325 shares. The stock had previously closed at $3.90.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Gogoro in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of "Sell".

Gogoro Stock Down 2.6%

The stock has a 50 day moving average of $3.35 and a 200-day moving average of $3.83. The firm has a market capitalization of $56.13 million, a P/E ratio of -0.70 and a beta of 0.74. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.60 and a current ratio of 0.77.

Gogoro (NASDAQ:GGR - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($1.41) earnings per share (EPS) for the quarter. Gogoro had a negative net margin of 28.71% and a negative return on equity of 53.99%. The firm had revenue of $74.40 million during the quarter. Research analysts predict that Gogoro Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gogoro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its stake in Gogoro by 9.5% in the 3rd quarter. Citadel Advisors LLC now owns 181,126 shares of the company's stock valued at $54,000 after acquiring an additional 15,749 shares during the period. Jane Street Group LLC raised its stake in Gogoro by 81.1% in the 1st quarter. Jane Street Group LLC now owns 382,394 shares of the company's stock valued at $103,000 after acquiring an additional 171,273 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Gogoro by 185.8% in the 3rd quarter. GSA Capital Partners LLP now owns 774,659 shares of the company's stock valued at $233,000 after acquiring an additional 503,624 shares during the period. 15.87% of the stock is currently owned by 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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