Gogoro (NASDAQ:GGR) Issues Quarterly Earnings Results

Gogoro (NASDAQ:GGR) posted its earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.22), Zacks reports. The business had revenue of $73,010 billion for the quarter. Gogoro had a negative return on equity of 31.68% and a negative net margin of 24.00%. Gogoro updated its FY 2024 guidance to EPS.

Gogoro Stock Performance

GGR traded up $0.05 during trading on Friday, reaching $0.47. The company’s stock had a trading volume of 824,231 shares, compared to its average volume of 281,958. Gogoro has a 52-week low of $0.40 and a 52-week high of $2.03. The company’s fifty day moving average price is $0.49 and its 200-day moving average price is $0.69. The company has a market capitalization of $139.89 million, a price-to-earnings ratio of -1.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.29.

Wall Street Analysts Forecast Growth

GGR has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Gogoro in a report on Monday, November 18th. Citigroup reiterated a “neutral” rating and set a $0.50 target price (down previously from $2.30) on shares of Gogoro in a research report on Friday, November 15th.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.