Gogoro Inc. (NASDAQ:GGR – Get Rating) was down 2.8% during mid-day trading on Friday . The company traded as low as $4.58 and last traded at $4.58. Approximately 3,205 shares changed hands during trading, a decline of 99% from the average daily volume of 268,591 shares. The stock had previously closed at $4.71.
Analyst Ratings Changes
A number of research analysts have recently issued reports on GGR shares. Citigroup reduced their price objective on shares of Gogoro from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, November 11th. Benchmark decreased their price target on Gogoro from $11.00 to $7.00 in a research report on Friday, November 11th.
Gogoro Price Performance
The company has a 50 day moving average of $3.65 and a 200-day moving average of $4.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.64 and a current ratio of 0.89.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Segantii Capital Management Ltd bought a new stake in Gogoro during the 2nd quarter valued at approximately $3,825,000. Goldman Sachs Group Inc. bought a new position in Gogoro in the 2nd quarter valued at approximately $142,000. BlackRock Inc. lifted its position in Gogoro by 1,344.3% in the 3rd quarter. BlackRock Inc. now owns 62,190 shares of the company’s stock valued at $234,000 after acquiring an additional 57,884 shares in the last quarter. First Trust Advisors LP purchased a new stake in Gogoro during the 3rd quarter valued at $5,959,000. Finally, Toroso Investments LLC purchased a new stake in Gogoro during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 10.30% of the company’s stock.
Gogoro Inc manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone.
- Get a free copy of the StockNews.com research report on Gogoro (GGR)
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