Gogoro Inc (NASDAQ: GGR) is -77.34% lower on its value in year-to-date trading and has touched a low of $0.48 and a high of $2.89 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 $0.59 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.58, the stock is 2.62% and -35.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -0.51% at the moment leaves the stock -60.70% off its SMA200. GGR registered -79.63% loss for a year compared to 6-month loss of -59.12%. The firm has a 50-day simple moving average (SMA 50) of $0.90808 and a 200-day simple moving average (SMA200) of $1.48757.
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The stock witnessed a -15.29% gain in the last 1 month and extending the period to 3 months gives it a -61.03%, and is 4.34% up 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 6.90% over the week and 14.39% over the month.
Gogoro Inc (GGR) has around 2000 employees, a market worth around $162.62M and $333.94M in sales. Profit margin for the company is -19.11%. Distance from 52-week low is 21.79% and -79.81% 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, but quarterly earnings will post -6.00% year-over-year.
The shares outstanding are 245.72M, and float is at 176.71M with Short Float at 1.90%.
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.
