Gogoro (NASDAQ:GGR) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Gogoro (NASDAQ:GGR) posted its earnings results on Thursday. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.22), Zacks reports. Gogoro had a negative net margin of 24.00% and a negative return on equity of 31.68%. Gogoro updated its FY 2024 guidance to EPS.

Gogoro Stock Performance

Shares of GGR stock traded down $0.02 during trading hours on Thursday, hitting $0.44. The stock had a trading volume of 762,309 shares, compared to its average volume of 418,418. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 1.02. The firm has a market capitalization of $130.12 million, a PE ratio of -1.38 and a beta of 0.65. Gogoro has a twelve month low of $0.40 and a twelve month high of $2.03. The stock’s 50 day moving average is $0.50 and its 200 day moving average is $0.70.

Analysts Set New Price Targets

GGR has been the topic of several research analyst reports. Benchmark restated a “hold” rating on shares of Gogoro in a report on Monday, November 18th. Citigroup reissued a “neutral” rating and set a $0.50 price objective (down from $2.30) on shares of Gogoro in a research report on Friday, November 15th.

About Gogoro

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.