Key Points
- Gogoro director Chung-Yao Yin purchased 14.16 million shares at an average $2.48 per share, investing approximately $35.1 million. The transaction increased his direct ownership by 232.29% to 20.25 million shares.
- Gogoro reported a quarterly loss of $0.24 per share on $70.62 million in revenue, with a negative net margin of 16.98% and negative return on equity of 41.32%.
- The stock opened at $3.15 and has a market capitalization of about $46.5 million; analyst sentiment remains negative, with the sole analyst rating the shares “Sell.”
Gogoro Inc. (NASDAQ:GGR - Get Free Report) Director Chung-Yao Yin bought 14,158,991 shares of the firm's stock in a transaction that occurred on Wednesday, October 7th. The shares were acquired at an average price of $2.48 per share, with a total value of $35,114,297.68. Following the completion of the transaction, the director directly owned 20,254,338 shares of the company's stock, valued at $50,230,758.24. This trade represents a 232.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Gogoro Price Performance
Shares of GGR opened at $3.15 on Friday. The business's 50-day moving average is $2.72 and its two-hundred day moving average is $3.46. The company has a market capitalization 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 Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $5.43.
Gogoro (NASDAQ:GGR - Get Free Report) last issued its quarterly earnings data on Monday, August 24th. The company reported ($0.24) earnings per share (EPS) for the quarter. Gogoro had a negative net margin of 16.98% and a negative return on equity of 41.32%. The company had revenue of $70.62 million during the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Gogoro in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of "Sell".
Check Out Our Latest Analysis on Gogoro
Hedge Funds Weigh In On Gogoro
An institutional investor recently bought a new position in Gogoro stock. Citadel Advisors LLC bought a new stake in Gogoro Inc. (NASDAQ:GGR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,695 shares of the company's stock, valued at approximately $94,000. Citadel Advisors LLC owned 0.16% of Gogoro as of its most recent SEC filing. Institutional investors and hedge funds own 15.87% of the company's stock.
Gogoro Company Profile
(
Get Free Report)
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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