Gogoro (NASDAQ:GGR) Trading Down 3.2% - Should You Sell?

Key Points

• Gogoro Inc.'s share price has decreased by 3.2%, trading at $0.34 with an increase in trading volume to 309,004 shares.
• The company reported a quarterly earnings loss of ($0.09) per share, with a negative net margin of 46.72% and revenue of $65.81 million.
• Institutional investors have recently increased their stakes in Gogoro, with notable purchases from firms like Jane Street Group LLC and Two Sigma Investments LP.

Gogoro Inc. (NASDAQ:GGR - Get Free Report) was down 3.2% during mid-day trading on Thursday . The company traded as low as $0.33 and last traded at $0.34. Approximately 309,004 shares changed hands during trading, an increase of 64% from the average daily volume of 187,863 shares. The stock had previously closed at $0.35.

Gogoro Stock Performance

The stock has a market cap of $97.38 million, a price-to-earnings ratio of -0.72 and a beta of 0.97. The stock's fifty day moving average is $0.36 and its 200-day moving average is $0.31. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 2.41.

Gogoro's stock is going 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 market closes on Friday, October 3rd.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Gogoro in the fourth quarter valued at approximately $37,000. Alpine Global Management LLC acquired a new position in shares of Gogoro in the fourth quarter valued at approximately $40,000. Jane Street Group LLC boosted its holdings in shares of Gogoro by 136.6% in the fourth quarter. Jane Street Group LLC now owns 211,121 shares of the company's stock valued at $105,000 after buying an additional 121,905 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Gogoro in the fourth quarter valued at approximately $121,000. Institutional investors and hedge funds own 15.87% of the company's stock.

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.