Is Gogoro Inc (NASDAQ: GGR) Proving The Doubters Wrong?

Gogoro Inc (GGR) concluded trading on Thursday at a closing price of $0.59, with 6.58 million shares of worth about $3.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -67.76% during that period and on September 25, 2024 the price saw a gain of about 13.68%. Currently the company’s common shares owned by public are about 245.72M shares, out of which, 176.71M shares are available for trading.

Stock saw a price change of -14.51% in past 5 days and over the past one month there was a price change of -52.03%. Year-to-date (YTD), GGR shares are showing a performance of -77.13% which decreased to -77.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.48 but also hit the highest price of $2.97 during that period. The average intraday trading volume for Gogoro Inc shares is 545.12K. The stock is currently trading -36.95% below its 20-day simple moving average (SMA20), while that difference is down -51.04% for SMA50 and it goes to -64.33% lower than SMA200.

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Gogoro Inc (NASDAQ: GGR) currently have 245.72M outstanding shares and institutions hold larger chunk of about 12.42% of that.

The stock has a current market capitalization of $164.13M and its 3Y-monthly beta is at 0.62. It has posted earnings per share of -$0.27 in the same period. It has Quick Ratio of 1.19 while making debt-to-equity ratio of 1.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GGR, volatility over the week remained 17.98% while standing at 10.37% over the month.

Stock’s fiscal year EPS is expected to drop by -0.27% while it is estimated to increase by 4.96% in next year.

On September 20, 2022, JP Morgan Initiated their recommendations, while on June 09, 2022, Citigroup Initiated their ratings for the stock with a price target of $8.60.

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