In the past week, GGR stock has gone up by 3.03%, with a monthly decline of -3.52% and a quarterly plunge of -62.01%. The volatility ratio for the week is 5.86%, and the volatility levels for the last 30 days are 8.01% for Gogoro Inc The simple moving average for the last 20 days is 4.16% for GGR stock, with a simple moving average of -61.34% for the last 200 days.
Is It Worth Investing in Gogoro Inc (NASDAQ: GGR) Right Now?
The stock has a 36-month beta value of 0.61. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for GGR is 176.71M, and at present, short sellers hold a 1.66% of that float. On November 21, 2024, the average trading volume of GGR was 1.67M shares.
GGR) stock’s latest price update
Gogoro Inc (NASDAQ: GGR)’s stock price has plunge by 5.63relation to previous closing price of 0.46. Nevertheless, the company has seen a 3.03% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-14 that Gogoro Inc. (NASDAQ:GGR ) Q3 2024 Earnings Conference Call November 14, 2024 7:00 AM ET Company Participants Annie Liao – IR Henry Chiang – Interim CEO Bruce Aitken – CFO Operator Welcome to the Gogoro Inc. 2024 Q3 Earnings Call. This conference call is now being recorded and broadcasted live over the Internet.
Analysts’ Opinion of GGR
Many brokerage firms have already submitted their reports for GGR stocks, with Citigroup repeating the rating for GGR by listing it as a “Neutral.” The predicted price for GGR in the upcoming period, according to Citigroup is $0.50 based on the research report published on November 15, 2024 of the current year 2024.
GGR Trading at -10.67% 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 -82.05% of loss for the given period.
Volatility was left at 8.01%, however, over the last 30 days, the volatility rate increased by 5.86%, as shares surge +0.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.38% lower at present.
During the last 5 trading sessions, GGR rose by +5.11%, which changed the moving average for the period of 200-days by -76.74% in comparison to the 20-day moving average, which settled at $0.4710. In addition, Gogoro Inc saw -81.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GGR starting from Peng Ming-I, who proposed sale 12,826 shares at the price of $1.10 back on Sep 10 ’24. After this action, Peng Ming-I now owns shares of Gogoro Inc, valued at $14,109 using the latest closing price.
Peng Ming-I, the Officer of Gogoro Inc, proposed sale 133,923 shares at $1.31 during a trade that took place back on Aug 13 ’24, which means that Peng Ming-I is holding shares at $175,439 based on the most recent closing price.
Stock Fundamentals for GGR
Current profitability levels for the company are sitting at:
- -0.3 for the present operating margin
- 0.07 for the gross margin
The net margin for Gogoro Inc stands at -0.24. The total capital return value is set at -0.16. Equity return is now at value -30.71, with -9.76 for asset returns.
Based on Gogoro Inc (GGR), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is -9.6.
Currently, EBITDA for the company is 34.26 million with net debt to EBITDA at 10.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 18.6for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
To sum up, Gogoro Inc (GGR) has seen a bad 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.
