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

Gogoro Inc. (NASDAQ:GGR) shares were down 1.6% during mid-day trading on Thursday . The stock traded as low as $3.75 and last traded at $3.76. 5,681 shares were traded 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.

Analyst Upgrades and Downgrades

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

Gogoro Trading Down 8.8%

The company has a debt-to-equity ratio of 2.47, a current ratio of 0.79 and a quick ratio of 0.63. The firm has a market capitalization of $50.66 million, a PE ratio of -0.73 and a beta of 0.88. The company’s fifty day simple moving average is $3.94 and its 200-day simple moving average is $3.64.

Gogoro (NASDAQ:GGR) last released its earnings results 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 company had revenue of $62.91 million for the quarter.

Hedge Funds Weigh In On Gogoro

An institutional investor recently raised its stake in Gogoro stock. Jane Street Group LLC lifted its position in Gogoro Inc. (NASDAQ:GGR) by 81.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,394 shares of the company’s stock after acquiring an additional 171,273 shares during the period. Jane Street Group LLC owned 0.13% of Gogoro worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.87% of the stock is currently owned by institutional investors and hedge funds.

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.