Gogoro (NASDAQ:GGR – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($1.01) earnings per share for the quarter, Zacks reports. Gogoro had a negative return on equity of 69.46% and a negative net margin of 46.72%. Gogoro updated its FY 2025 guidance to EPS.
Gogoro Stock Up 6.0%
NASDAQ GGR opened at $4.08 on Tuesday. The business has a fifty day moving average price of $5.40 and a 200 day moving average price of $5.87. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.82 and a current ratio of 1.01. The company has a market cap of $60.25 million, a P/E ratio of -0.44 and a beta of 0.89. Gogoro has a one year low of $3.65 and a one year high of $13.99.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gogoro in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $10.00.
Institutional Investors Weigh In On Gogoro
A hedge fund recently raised its stake in Gogoro stock. Jane Street Group LLC lifted its holdings in Gogoro Inc. (NASDAQ:GGR – Free Report) by 81.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,394 shares of the company’s stock after buying an additional 171,273 shares during the period. Jane Street Group LLC owned approximately 0.13% of Gogoro worth $103,000 as of its most recent filing with the Securities and Exchange Commission. 15.87% of the stock is currently owned by hedge funds and other institutional investors.
About Gogoro
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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