Gogoro (NASDAQ:GGR) Receives Hold Rating from Benchmark

Gogoro (NASDAQ:GGR)‘s stock had its “hold” rating reissued by equities research analysts at Benchmark in a note issued to investors on Monday,Benzinga reports.

Separately, Citigroup restated a “neutral” rating and set a $0.50 price objective (down previously from $2.30) on shares of Gogoro in a research report on Friday.

Gogoro Stock Performance

Shares of NASDAQ GGR traded up $0.00 during trading on Monday, reaching $0.48. The stock had a trading volume of 250,104 shares, compared to its average volume of 636,853. Gogoro has a one year low of $0.40 and a one year high of $2.78. The stock has a market cap of $141.63 million, a PE ratio of -1.50 and a beta of 0.38. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.19 and a current ratio of 1.46. The firm’s 50 day moving average price is $0.60 and its two-hundred day moving average price is $1.14.

Gogoro (NASDAQ:GGR) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. Gogoro had a negative net margin of 24.00% and a negative return on equity of 31.86%. The company had revenue of $80.94 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Senator Investment Group LP bought a new stake in shares of Gogoro in the 2nd quarter worth $2,079,000. State Street Corp raised its stake in shares of Gogoro by 105.3% in the 3rd quarter. State Street Corp now owns 134,806 shares of the company’s stock worth $71,000 after buying an additional 69,142 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Gogoro by 113.0% in the 3rd quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after buying an additional 47,336 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Gogoro by 76.7% in the 2nd quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock worth $143,000 after buying an additional 40,400 shares in the last quarter. Institutional investors and hedge funds own 15.87% of the company’s stock.

Gogoro Company Profile

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.