Gogoro Inc. (NASDAQ:GGR – Get Free Report) Director Chung-Yao Yin purchased 14,158,991 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was acquired at an average cost of $2.48 per share, with a total value of $35,114,297.68. Following the acquisition, the director owned 20,254,338 shares in the company, valued at $50,230,758.24. The trade was a 232.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Gogoro Stock Performance
NASDAQ GGR opened at $3.15 on Friday. The business’s 50 day moving average price is $2.72 and its 200-day moving average price is $3.46. Gogoro Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $5.43. The company has a market cap of $46.53 million, a P/E ratio of -1.00 and a beta of 0.90. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.54 and a current ratio of 0.69.
Gogoro (NASDAQ:GGR – Get Free Report) last issued its quarterly earnings results on Monday, August 24th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $70.62 million for the quarter. Gogoro had a negative net margin of 16.98% and a negative return on equity of 41.32%.
Institutional Trading of Gogoro
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gogoro in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Gogoro currently has a consensus rating of “Sell”.
Read Our Latest Report on Gogoro
Gogoro Company Profile
Gogoro Inc is a Taiwan-based technology company that develops electric two-wheelers, battery-swapping infrastructure and related mobility services. Its products include smart electric scooters, portable batteries, charging equipment and software platforms designed to support connected urban transportation.
The company’s principal service is the Gogoro Network, a subscription-based battery-swapping platform that allows riders to exchange depleted batteries for charged ones at automated GoStation locations.
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