Gogoro Inc [NASDAQ: GGR] price surged by 0.91 percent to reach at $0.0.
A sum of 364422 shares traded at recent session while its average daily volume was at 703.93K shares. Gogoro Inc shares reached a high of $0.3324 and dropped to a low of $0.3026 until finishing in the latest session at $0.32.
The one-year GGR stock forecast points to a potential upside of 36.0. The average equity rating for GGR stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $0.50 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 3.00. 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.
Citigroup have made an estimate for Gogoro Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 15, 2024. The new note on the price target was released on August 19, 2024, representing the official price target for Gogoro Inc stock.
The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 0.32.
GGR Stock Performance Analysis:
Gogoro Inc [GGR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.08. With this latest performance, GGR shares gained by 30.37% in over the last four-week period, additionally sinking by -36.97% over the last 6 months – not to mention a drop of -35.92% in the past year of trading.
Insight into Gogoro Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Gogoro Inc [GGR] shares currently have an operating margin of -32.03% and a Gross Margin at 1.99%. Gogoro Inc’s Net Margin is presently recorded at -42.27%.
Return on Equity for this stock declined to -17.90%, with Return on Assets sitting at -17.90%.
Gogoro Inc [GGR] Institutonal Ownership Details
There are presently around $5.84%, or 10.40% of GGR stock, in the hands of institutional investors. 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%.
