Gogoro Stock Set to Reverse Split on Monday, October 6th (NASDAQ:GGR)

Gogoro Inc. (NASDAQ:GGR)’s stock is going to reverse split before the market opens on Monday, October 6th. The 1-20 reverse split was announced on Tuesday, September 16th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, October 3rd.

Gogoro Stock Down 0.2%

Shares of NASDAQ GGR opened at $0.30 on Thursday. The company has a 50 day simple moving average of $0.35 and a 200 day simple moving average of $0.31. The firm has a market cap of $88.41 million, a PE ratio of -0.65 and a beta of 0.93. Gogoro has a 1 year low of $0.19 and a 1 year high of $0.75. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.01 and a quick ratio of 0.82.

Gogoro (NASDAQ:GGR) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $65.81 million during the quarter. Gogoro had a negative net margin of 46.72% and a negative return on equity of 69.46%. On average, research analysts forecast that Gogoro will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gogoro stock. Jane Street Group LLC boosted its holdings in Gogoro Inc. (NASDAQ:GGR) by 81.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,394 shares of the company’s stock after buying an additional 171,273 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of Gogoro worth $103,000 at the end of the most recent reporting period. 15.87% of the stock is owned by institutional investors and hedge funds.

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.