Gogoro (NASDAQ:GGR) Trading 2.7% Higher – What’s Next?

Gogoro Inc. (NASDAQ:GGR)’s share price was up 2.7% during mid-day trading on Wednesday . The company traded as high as $3.73 and last traded at $3.5850. Approximately 27,219 shares changed hands during trading, an increase of 111% from the average daily volume of 12,878 shares. The stock had previously closed at $3.49.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gogoro in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gogoro currently has a consensus rating of “Sell”.

Gogoro Trading Up 2.7%

The business has a fifty day moving average of $3.81 and a 200-day moving average of $5.53. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.77 and a current ratio of 0.95. The company has a market capitalization of $52.95 million, a P/E ratio of -0.40 and a beta of 0.88.

Gogoro (NASDAQ:GGR) last announced its quarterly earnings results on Tuesday, November 11th. The company reported ($1.01) EPS for the quarter. Gogoro had a negative net margin of 47.07% and a negative return on equity of 80.94%. The business had revenue of $77.65 million for the quarter. Analysts anticipate that Gogoro Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GGR. Citadel Advisors LLC grew its holdings in Gogoro by 9.5% during the third quarter. Citadel Advisors LLC now owns 181,126 shares of the company’s stock worth $54,000 after buying an additional 15,749 shares in the last quarter. Jane Street Group LLC grew its stake 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 acquiring an additional 171,273 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Gogoro by 185.8% in the third quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock valued at $233,000 after purchasing an additional 503,624 shares during the last quarter. Hedge funds and other institutional investors own 15.87% of the company’s stock.

Gogoro Company Profile

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.