Renaissance Technologies LLC Decreases Stock Position in Gogoro Inc. (NASDAQ:GGR)

Renaissance Technologies LLC decreased its holdings in shares of Gogoro Inc. (NASDAQ:GGR) by 55.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 555,976 shares of the company’s stock after selling 680,224 shares during the period. Renaissance Technologies LLC owned approximately 0.19% of Gogoro worth $278,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in Gogoro during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Gogoro during the fourth quarter valued at $42,000. Jane Street Group LLC increased its position in shares of Gogoro by 113.0% in the 3rd quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock valued at $47,000 after acquiring an additional 47,336 shares during the period. JPMorgan Chase & Co. lifted its position in Gogoro by 130.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company’s stock worth $299,000 after acquiring an additional 318,897 shares during the period. Finally, Aspiring Ventures LLC purchased a new stake in Gogoro during the 4th quarter valued at about $495,000. Institutional investors and hedge funds own 15.87% of the company’s stock.

Gogoro Price Performance

Shares of NASDAQ GGR opened at $0.26 on Tuesday. Gogoro Inc. has a 52 week low of $0.19 and a 52 week high of $2.02. The business’s 50 day moving average price is $0.31 and its 200 day moving average price is $0.43. The company has a quick ratio of 0.69, a current ratio of 0.89 and a debt-to-equity ratio of 1.58. The firm has a market cap of $75.55 million, a P/E ratio of -0.57 and a beta of 0.85.

Gogoro (NASDAQ:GGR) last issued its earnings results on Thursday, February 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.22). Gogoro had a negative return on equity of 53.23% and a negative net margin of 39.69%. The business had revenue of $73.01 million for the quarter. On average, sell-side analysts expect that Gogoro Inc. will post -0.12 earnings per share for the current year.

Gogoro Company Profile

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.