Gogoro (NASDAQ:GGR) Posts Earnings Results

Gogoro (NASDAQ:GGR) posted its quarterly earnings data on Thursday. The company reported ($0.09) EPS for the quarter, reports. The business had revenue of $91.75 million during the quarter. Gogoro had a negative net margin of 17.49% and a negative return on equity of 33.40%.

Gogoro Stock Up 6.7 %

Shares of GGR opened at $2.69 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.79 and a current ratio of 1.32. Gogoro has a one year low of $2.33 and a one year high of $5.09. The stock has a market capitalization of $656.90 million, a price-to-earnings ratio of -10.76 and a beta of 0.38. The stock has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.98.

Institutional Trading of Gogoro

Large investors have recently made changes to their positions in the company. Generation Investment Management LLP grew its holdings in Gogoro by 79.0% in the 1st quarter. Generation Investment Management LLP now owns 8,502,476 shares of the company’s stock valued at $34,243,000 after buying an additional 3,751,238 shares in the last quarter. First Trust Advisors LP purchased a new stake in Gogoro in the 3rd quarter valued at $5,959,000. JPMorgan Chase & Co. grew its holdings in Gogoro by 37.2% in the 4th quarter. JPMorgan Chase & Co. now owns 231,330 shares of the company’s stock valued at $736,000 after buying an additional 62,770 shares in the last quarter. BlackRock Inc. grew its holdings 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 buying an additional 57,884 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Gogoro in the 4th quarter valued at $138,000. 14.45% of the stock is currently owned by hedge funds and other institutional investors.

Gogoro Company Profile

Gogoro Inc delivers and markets swappable electric fuel and intelligent light urban vehicles. It also operates platform for battery swapping networks, and a comprehensive ecosystem of enabling technologies for the vehicles, as well as develops smart Swap and Go battery system that delivers full power to electric-powered two-wheelers.