Gogoro (NASDAQ:GGR) Issues Quarterly Earnings Results

Gogoro (NASDAQ:GGR) posted its quarterly earnings results on Tuesday. The company reported ($1.01) earnings per share (EPS) for the quarter, Zacks reports. Gogoro had a negative net margin of 46.72% and a negative return on equity of 69.46%. Gogoro updated its FY 2025 guidance to EPS.

Gogoro Trading Up 6.1%

Gogoro stock opened at $4.09 on Tuesday. Gogoro has a 12 month low of $3.65 and a 12 month high of $13.99. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 2.41. The stock has a market cap of $60.33 million, a P/E ratio of -0.44 and a beta of 0.89. The company’s fifty day simple moving average is $5.40 and its 200-day simple moving average is $5.87.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gogoro stock. Jane Street Group LLC boosted its holdings in shares of Gogoro Inc. (NASDAQ:GGR) by 81.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 382,394 shares of the company’s stock after acquiring an additional 171,273 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of Gogoro worth $103,000 at the end of the most recent reporting period. 15.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Gogoro in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $10.00.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.