In the past week, GGR stock has gone up by 24.68%, with a monthly gain of 15.66% and a quarterly plunge of -5.88%. The volatility ratio for the week is 10.63%, and the volatility levels for the last 30 days are 6.98% for Gogoro Inc The simple moving average for the past 20 days is 24.68% for GGR’s stock, with a -18.63% simple moving average for the past 200 days.
Is It Worth Investing in Gogoro Inc (NASDAQ: GGR) Right Now?
The stock has a 36-month beta value of 0.69. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GGR is 164.95M, and at present, short sellers hold a 1.23% of that float. On May 07, 2024, the average trading volume of GGR was 229.70K shares.
GGR) stock’s latest price update
The stock price of Gogoro Inc (NASDAQ: GGR) has jumped by 28.00 compared to previous close of 1.50. Despite this, the company has seen a gain of 24.68% in its stock price over the last five trading days. PRNewsWire reported 2024-04-18 that TAIPEI, Taiwan, April 18, 2024 /PRNewswire/ — Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the first quarter 2024 before markets open on May 9, 2024. Gogoro’s management team will hold an earnings Webcast at 8:00 a.m.
Analysts’ Opinion of GGR
JP Morgan, on the other hand, stated in their research note that they expect to see GGR reach a price target of $4.30. The rating they have provided for GGR stocks is “Underweight” according to the report published on September 20th, 2022.
Citigroup gave a rating of “Buy” to GGR, setting the target price at $8.60 in the report published on June 09th of the previous year.
GGR Trading at 22.04% from the 50-Day Moving Average
After a stumble in the market that brought GGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.92% of loss for the given period.
Volatility was left at 6.98%, however, over the last 30 days, the volatility rate increased by 10.63%, as shares surge +17.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.97% upper at present.
During the last 5 trading sessions, GGR rose by +24.68%, which changed the moving average for the period of 200-days by -41.28% in comparison to the 20-day moving average, which settled at $1.5540. In addition, Gogoro Inc saw -25.58% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GGR
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.14 for the gross margin
The net margin for Gogoro Inc stands at -0.28. The total capital return value is set at -0.14. Equity return is now at value -28.07, with -9.00 for asset returns.
Based on Gogoro Inc (GGR), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is -9.33.
Currently, EBITDA for the company is 13.03 million with net debt to EBITDA at 8.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 20.42for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To sum up, Gogoro Inc (GGR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
