Gogoro (NASDAQ:GGR - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02, Zacks reports. The company had revenue of $69.71 million during the quarter. Gogoro had a negative net margin of 21.97% and a negative return on equity of 35.86%. During the same quarter last year, the company earned ($0.09) earnings per share. Gogoro updated its FY 2024 guidance to EPS.
Gogoro Stock Performance
Shares of NASDAQ:GGR traded down $0.08 on Friday, hitting $1.60. 114,556 shares of the company were exchanged, compared to its average volume of 157,009. The company's 50 day moving average price is $1.59 and its two-hundred day moving average price is $2.08. The firm has a market capitalization of $393.28 million, a price-to-earnings ratio of -5.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.00 and a current ratio of 1.24. Gogoro has a one year low of $1.21 and a one year high of $3.55.
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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