Gogoro (NASDAQ:GGR) Director Acquires 14,158,991 Shares of Company Stock

Gogoro Inc. (NASDAQ:GGR) Director Chung-Yao Yin purchased 14,158,991 shares of Gogoro stock in a transaction that occurred on Wednesday, October 7th. The shares were bought at an average cost of $2.48 per share, with a total value of $35,114,297.68. Following the completion of the transaction, the director directly owned 20,254,338 shares of the company’s stock, valued at approximately $50,230,758.24. The trade was a 232.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gogoro Stock Performance

Shares of GGR stock opened at $2.80 on Friday. The stock has a market cap of $41.36 million, a P/E ratio of -0.89 and a beta of 0.90. The company has a fifty day moving average price of $2.71 and a two-hundred day moving average price of $3.46. Gogoro Inc. has a one year low of $2.02 and a one year high of $5.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.69 and a quick ratio of 0.54.

Gogoro (NASDAQ:GGR) last released its quarterly earnings data on Monday, August 24th. The company reported ($0.24) earnings per share (EPS) for the quarter. Gogoro had a negative net margin of 16.98% and a negative return on equity of 41.32%. The business had revenue of $70.62 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gogoro in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Gogoro stock. Citadel Advisors LLC purchased a new stake in Gogoro Inc. (NASDAQ:GGR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,695 shares of the company’s stock, valued at approximately $94,000. Citadel Advisors LLC owned 0.16% of Gogoro as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.87% of the company’s stock.

About Gogoro

Gogoro Inc is a Taiwan-based technology company that develops electric two-wheelers, battery-swapping infrastructure and related mobility services. Its products include smart electric scooters, portable batteries, charging equipment and software platforms designed to support connected urban transportation.

The company’s principal service is the Gogoro Network, a subscription-based battery-swapping platform that allows riders to exchange depleted batteries for charged ones at automated GoStation locations.