Gogoro Inc (NASDAQ: GGR) is -27.66% lower on its value in year-to-date trading and has touched a low of $0.19 and a high of $2.02 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 $0.38 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.36, the stock is 24.63% and -2.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing -5.76% at the moment leaves the stock -48.64% off its SMA200. GGR registered -76.83% loss for a year compared to 6-month loss of -37.89%. The firm has a 50-day simple moving average (SMA 50) of $0.36978 and a 200-day simple moving average (SMA200) of $0.70386.
The stock witnessed a 3.43% gain in the last 1 month and extending the period to 3 months gives it a -23.09%, and is 81.66% 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 23.56% over the week and 12.04% over the month.
Gogoro Inc (GGR) has around 2000 employees, a market worth around $106.77M and $310.52M in sales. Profit margin for the company is -39.69%. Distance from 52-week low is 92.29% and -82.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.95%).
, but quarterly earnings will post -4.34% year-over-year.
36.0 institutions hold shares in Gogoro Inc (GGR), with institutional investors hold 12.00% of the company’s shares. The shares outstanding are 295.35M, and float is at 193.78M with Short Float at 1.10%. Institutions hold 6.59% of the Float.
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.
