Gogoro (NASDAQ:GGR) PT Lowered to $6.30

Gogoro (NASDAQ:GGR – Get Rating) had its price target decreased by investment analysts at Citigroup from $6.50 to $6.30 in a research report issued on Friday, The Fly reports. Citigroup’s price objective would suggest a potential upside of 96.88% from the company’s current price.

Gogoro Price Performance

NASDAQ GGR opened at $3.20 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average is $3.56 and its two-hundred day moving average is $3.76. The company has a market capitalization of $461.01 million and a price-to-earnings ratio of -7.11. Gogoro has a 1-year low of $2.83 and a 1-year high of $7.90.

Gogoro (NASDAQ:GGR – Get Rating) last released its quarterly earnings data on Thursday, May 11th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $79.32 million for the quarter. Gogoro had a negative net margin of 25.84% and a negative return on equity of 35.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Toroso Investments LLC raised its stake in shares of Gogoro by 37.0% in the fourth quarter. Toroso Investments LLC now owns 15,079 shares of the company’s stock valued at $48,000 after acquiring an additional 4,073 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Gogoro by 13.7% in the fourth quarter. Geode Capital Management LLC now owns 129,471 shares of the company’s stock valued at $411,000 after acquiring an additional 15,642 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Gogoro in the second quarter valued at approximately $142,000. First Trust Direct Indexing L.P. bought a new position in shares of Gogoro in the first quarter valued at approximately $82,000. Finally, Green Alpha Advisors LLC bought a new position in shares of Gogoro in the first quarter valued at approximately $101,000. Institutional investors own 10.30% of the company’s stock.

Gogoro Company Profile

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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.