Gogoro Inc (GGR)’s stock is trading at $1.96 at the moment marking a rise of 18.11% from the last session close. As of this writing, shares are priced at -53.17% less than their 52-week high of $4.19, and 62.04% over their 52-week low of $1.21.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, GGR’s SMA-200 is $2.6067.
Further, it is important to consider GGR stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 1.37.GGR’s price to book ratio for the most recent quarter was 1.84, resulting in an 2.75 price to cash per share for the period.
How does Gogoro Inc (GGR) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 3 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.33 in simple terms.
Gogoro Inc (GGR): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 1 different analysts, who are expecting earnings to fall in between the range of -0.08 and -0.08 with an average Earnings Estimate of -0.08 which is in contrast with the last year earnings estimate of -0.09 and also replicates 11.11% growth rate year over year.
Gogoro Inc (NASDAQ: GGR) Ownership Details
I will give a breakdown of the key shareholders in Gogoro Inc (GGR). Recent figures show that the company’s insiders hold 34.02% of shares. A total of 42 institutional investors hold shares in the company, making 13.19% of its stock and 19.98% of its float.
Dec 30, 2023, it was reported that the Company’s largest institutional holder is Generation Investment Management LLP holding total of 8.5 million shares that make 3.48% of the company’s total number of shares and are currently priced at 16.23 million.
The securities firm Temasek Holdings (Private) Limited holds 6.89 million shares of GGR, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 2.82%, and the holding percentage of shares is valued at 13.16 million.
An overview of Gogoro Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Gogoro Inc (GGR) traded 326,780 shares per day, with a moving average of $1.5175 and price change of +0.1900. With the moving average of $1.8774 and a price change of -0.4300, about 220,510 shares changed hands on average over the past 50 days. Finally, GGR’s 100-day average volume is 209,876 shares, alongside a moving average of $2.2118 and a price change of -0.6300.
