A new trading day began on Friday, with Gogoro Inc (NASDAQ: GGR) stock price up 5.43% from the previous day of trading, before settling in for the closing price of $0.56. GGR’s price has ranged from $0.48 to $2.96 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -1.34%. Meanwhile, its annual earnings per share averaged -0.27%. With a float of $176.71 million, this company’s outstanding shares have now reached $245.72 million.
Considering the fact that the conglomerate employs 2000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 10.64%, operating margin of -27.77%, and the pretax margin is -19.11%.
Gogoro Inc (GGR) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of Gogoro Inc is 36.48%, while institutional ownership is 12.41%. The most recent insider transaction that took place on Sep 10 ’24, was worth 14,109. Before that another transaction happened on Aug 13 ’24, when Company’s Officer proposed sale 133,923 for $1.31, making the entire transaction worth $175,439.
Gogoro Inc (GGR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -0.27% per share during the next fiscal year.
Gogoro Inc (NASDAQ: GGR) Trading Performance Indicators
Here are Gogoro Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.27 and is forecasted to reach -0.31 in one year’s time.
Technical Analysis of Gogoro Inc (GGR)
Compared to the last year’s volume of 0.56 million, its volume of 3.38 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 38.59%. Additionally, its Average True Range was 0.08.
During the past 100 days, Gogoro Inc’s (GGR) raw stochastic average was set at 8.65%, which indicates a significant decrease from 36.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.51% in the past 14 days, which was higher than the 84.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9652, while its 200-day Moving Average is $1.5268. Nevertheless, the first resistance level for the watch stands at $0.6071 in the near term. At $0.6234, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6470. If the price goes on to break the first support level at $0.5672, it is likely to go to the next support level at $0.5436. Should the price break the second support level, the third support level stands at $0.5273.
Gogoro Inc (NASDAQ: GGR) Key Stats
With a market capitalization of 164.32 million, the company has a total of 245,799K Shares Outstanding. Currently, annual sales are 349,850 K while annual income is -76,040 K. The company’s previous quarter sales were 80,940 K while its latest quarter income was -20,060 K.
