Gogoro (NASDAQ:GGR) Shares Up 2.8% – Still a Buy?

Gogoro Inc. (NASDAQ:GGR)’s share price shot up 2.8% on Wednesday . The company traded as high as $4.31 and last traded at $4.2650. 2,781 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 13,034 shares. The stock had previously closed at $4.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Gogoro in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Gogoro Stock Up 1.0%

The business’s fifty day simple moving average is $3.74 and its 200 day simple moving average is $3.60. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 2.86. The stock has a market cap of $61.30 million, a price-to-earnings ratio of -0.77 and a beta of 0.90.

Gogoro (NASDAQ:GGR) last released its earnings results on Thursday, February 12th. The company reported ($1.41) EPS for the quarter. Gogoro had a negative return on equity of 53.91% and a negative net margin of 28.71%.The business had revenue of $74.40 million for the quarter.

Institutional Trading of Gogoro

A number of institutional investors have recently bought and sold shares of GGR. Citadel Advisors LLC boosted its position in shares of 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 purchasing an additional 15,749 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Gogoro by 81.1% during the first quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock worth $103,000 after purchasing an additional 171,273 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Gogoro by 185.8% during the third quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock worth $233,000 after purchasing an additional 503,624 shares in the last quarter. Institutional investors and hedge funds 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.