Gogoro (NASDAQ:GGR) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Gogoro (NASDAQ:GGR) posted its quarterly earnings results on Thursday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.22), Zacks reports. Gogoro had a negative return on equity of 31.68% and a negative net margin of 24.00%. Gogoro updated its FY 2024 guidance to EPS.

Gogoro Stock Down 5.1 %

GGR traded down $0.02 during trading on Thursday, hitting $0.44. The stock had a trading volume of 762,309 shares, compared to its average volume of 418,418. The stock has a 50 day simple moving average of $0.50 and a two-hundred day simple moving average of $0.70. The company has a market capitalization of $130.12 million, a PE ratio of -1.38 and a beta of 0.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.29. Gogoro has a twelve month low of $0.40 and a twelve month high of $2.03.

Analyst Upgrades and Downgrades

Several research firms have commented on GGR. Benchmark reissued a “hold” rating on shares of Gogoro in a report on Monday, November 18th. Citigroup reissued a “neutral” rating and issued a $0.50 price objective (down from $2.30) on shares of Gogoro in a research report on Friday, November 15th.

Gogoro Company Profile

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.