Gogoro (NASDAQ:GGR) Issues Quarterly Earnings Results

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

Gogoro Trading Down 5.6 %

GGR stock traded down $0.03 during midday trading on Thursday, reaching $0.44. 708,101 shares of the company traded hands, compared to its average volume of 416,156. The firm has a market capitalization of $129.53 million, a price-to-earnings ratio of -1.38 and a beta of 0.65. Gogoro has a 52-week low of $0.40 and a 52-week high of $2.03. The business has a 50 day moving average of $0.50 and a 200-day moving average of $0.70. 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 Analyst Weigh In

A number of research firms recently weighed in on GGR. Citigroup reissued a “neutral” rating and issued a $0.50 target price (down from $2.30) on shares of Gogoro in a report on Friday, November 15th. Benchmark reissued a “hold” rating on shares of Gogoro in a research note on Monday, November 18th.

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.