Check out this: Gogoro Inc (GGR) could be on the verge of a big rally

Gogoro Inc (NASDAQ: GGR) is -80.00% lower on its value in year-to-date trading and has touched a low of $0.59 and a high of $2.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GGR stock was last observed hovering at around $0.60 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $0.52, the stock is -50.82% and -59.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing -13.31% at the moment leaves the stock -69.34% off its SMA200. GGR registered -80.08% loss for a year compared to 6-month loss of -71.34%.

The stock witnessed a -61.21% gain in the last 1 month and extending the period to 3 months gives it a -63.15%, and is -48.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.04% over the week and 8.89% over the month.

Gogoro Inc (GGR) has around 2000 employees, a market worth around $143.51M and $333.94M in sales. Profit margin for the company is -19.11%. Distance from 52-week low is -12.56% and -82.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.81%).

The EPS is expected to shrink by -0.27% this year.

Gogoro Inc (GGR) Top Institutional Holders

The shares outstanding are 245.72M, and float is at 176.71M with Short Float at 1.66%.

The top institutional shareholder in the company is GENERATION INVESTMENT MANAGEMENT LLP with over 8.5 million shares valued at $13.09 million. The investor’s holdings represent 3.6036% of the GGR Shares outstanding. As of 2024-06-30, the second largest holder is TEMASEK HOLDINGS (PRIVATE) LTD with 6.89 million shares valued at $10.62 million to account for 2.9214 of the shares outstanding. The other top investors are INVESCO LTD. which holds 3.49 million shares representing 1.4794% and valued at over $5.38 million, while SENATOR INVESTMENT GROUP LP holds 0.5722 of the shares totaling 1.35 million with a market value of $2.08 million.