JPMorgan Chase & Co. Begins Coverage on Gogoro (NASDAQ:GGR)

JPMorgan Chase & Co. started coverage on shares of Gogoro (NASDAQ:GGRGet Rating) in a research note released on Tuesday, reports. The firm issued an underweight rating and a $4.30 price target on the stock.

Separately, Citigroup assumed coverage on shares of Gogoro in a research note on Thursday, June 9th. They issued a buy rating and a $8.60 price target for the company.

Gogoro Stock Up 8.2 %

Shares of Gogoro stock opened at $4.90 on Tuesday. Gogoro has a 52-week low of $3.92 and a 52-week high of $17.59. The business has a 50 day moving average price of $5.29.

Gogoro (NASDAQ:GGRGet Rating) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $90.72 million for the quarter.

Institutional Trading of Gogoro

A hedge fund recently bought a new stake in Gogoro stock. Segantii Capital Management Ltd bought a new stake in Gogoro Inc. (NASDAQ:GGRGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 500,000 shares of the company’s stock, valued at approximately $3,825,000. Segantii Capital Management Ltd owned 0.35% of Gogoro at the end of the most recent reporting period.

About Gogoro

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Gogoro Inc manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone.

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