Gogoro Inc [NASDAQ: GGR] jumped around 0.09 points on Thursday, while shares priced at $0.59 at the close of the session, up 18.37%.
Compared to the average trading volume of 810.89K shares, GGR reached a trading volume of 12233777 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Gogoro Inc [GGR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GGR shares is $2.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GGR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Gogoro Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 19, 2024. The new note on the price target was released on December 13, 2023, representing the official price target for Gogoro Inc stock. Previously, the target price had yet another raise to $4.30, while JP Morgan analysts kept a Underweight rating on GGR stock.
The Average True Range (ATR) for Gogoro Inc is set at 0.09, with the Price to Sales ratio for GGR stock in the period of the last 12 months amounting to 0.49. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 0.71.
How has GGR stock performed recently?
Gogoro Inc [GGR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.80. With this latest performance, GGR shares dropped by -46.10% in over the last four-week period, additionally sinking by -64.92% over the last 6 months – not to mention a drop of -76.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GGR stock in for the last two-week period is set at 32.65, with the RSI for the last a single of trading hit 38.54, and the three-weeks RSI is set at 31.38 for Gogoro Inc [GGR]. The present Moving Average for the last 50 days of trading for this stock 1.0700, while it was recorded at 0.5367 for the last single week of trading, and 1.5856 for the last 200 days.
Gogoro Inc [GGR]: Deeper insight into the fundamentals
Gogoro Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.19 and a Current Ratio set at 1.46.
Insider trade positions for Gogoro Inc [GGR]
The top three institutional holders of GGR stocks are: GENERATION INVESTMENT MANAGEMENT LLP with ownership of 8.5 million shares, which is approximately 3.6036%. TEMASEK HOLDINGS (PRIVATE) LTD, holding 6.89 million shares of the stock with an approximate value of $$10.62 million in GGR stocks shares; and TEMASEK HOLDINGS (PRIVATE) LTD, currently with $$5.38 million in GGR stock with ownership which is approximately 1.4794%.
