GSA Capital Partners LLP Boosts Stock Holdings in Gogoro Inc. $GGR

GSA Capital Partners LLP lifted its holdings in Gogoro Inc. (NASDAQ:GGR) by 185.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 774,659 shares of the company’s stock after purchasing an additional 503,624 shares during the period. GSA Capital Partners LLP owned about 5.24% of Gogoro worth $233,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC raised its stake in Gogoro by 81.1% in the first quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock worth $103,000 after buying an additional 171,273 shares in the last quarter. 15.87% of the stock is currently owned by institutional investors.

Gogoro Stock Down 5.5%

NASDAQ:GGR opened at $3.12 on Friday. The company’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $4.48. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.60 and a current ratio of 0.77. Gogoro Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $8.68. The stock has a market capitalization of $46.08 million, a P/E ratio of -0.58 and a beta of 0.93.

Gogoro (NASDAQ:GGR) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($1.41) EPS for the quarter. Gogoro had a negative return on equity of 53.99% and a negative net margin of 28.71%.The firm had revenue of $74.40 million for the quarter. On average, equities analysts anticipate that Gogoro Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Gogoro in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Gogoro presently has an average rating of “Sell”.

Gogoro 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.