Gogoro (NASDAQ:GGR) Stock Price Down 1.6% – What’s Next?

Gogoro Inc. (NASDAQ:GGR) shares dropped 1.6% on Thursday . The stock traded as low as $3.75 and last traded at $3.76. Approximately 5,681 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 18,801 shares. The stock had previously closed at $3.82.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Gogoro in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Gogoro Stock Performance

The company has a 50-day moving average of $3.95 and a 200-day moving average of $3.64. The firm has a market capitalization of $55.54 million, a price-to-earnings ratio of -0.80 and a beta of 0.88. The company has a current ratio of 0.79, a quick ratio of 0.63 and a debt-to-equity ratio of 2.47.

Gogoro (NASDAQ:GGR) last released its quarterly earnings data on Thursday, May 21st. The company reported ($0.50) EPS for the quarter. Gogoro had a negative return on equity of 55.12% and a negative net margin of 24.98%.The business had revenue of $62.91 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gogoro stock. Jane Street Group LLC lifted its holdings in shares of Gogoro Inc. (NASDAQ:GGR) by 81.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 382,394 shares of the company’s stock after buying an additional 171,273 shares during the period. Jane Street Group LLC owned 0.13% of Gogoro worth $103,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.87% of the company’s stock.

About Gogoro

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.