A new trading day began on Friday, with Gogoro Inc (NASDAQ: GGR) stock price up 11.24% from the previous day of trading, before settling in for the closing price of $0.60. GGR’s price has ranged from $0.40 to $2.69 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company slipped by -5.15% over the past five years. Meanwhile, its annual earnings per share averaged 23.17%. With a float of $176.71 million, this company’s outstanding shares have now reached $278.18 million.
Let’s look at the performance matrix of the company that is accounted for 2000 employees. In terms of profitability, gross margin is 7.12%, operating margin of -29.59%, and the pretax margin is -24.0%.
Gogoro Inc (GGR) Insider Updates
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 10.06%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.17% 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 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32 and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Gogoro Inc (GGR)
Gogoro Inc (NASDAQ: GGR) saw its 5-day average volume 1.04 million, a positive change from its year-to-date volume of 0.65 million. As of the previous 9 days, the stock’s Stochastic %D was 79.89%. Additionally, its Average True Range was 0.05.
During the past 100 days, Gogoro Inc’s (GGR) raw stochastic average was set at 21.90%, which indicates a significant decrease from 93.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.21% in the past 14 days, which was lower than the 93.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5339, while its 200-day Moving Average is $1.1991. Nevertheless, the first resistance level for the watch stands at $0.7023 in the near term. At $0.7347, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7843. If the price goes on to break the first support level at $0.6203, it is likely to go to the next support level at $0.5707. Assuming the price breaks the second support level, the third support level stands at $0.5383.
Gogoro Inc (NASDAQ: GGR) Key Stats
With a market capitalization of 207.33 million, the company has a total of 295,066K Shares Outstanding. Currently, annual sales are 349,850 K while annual income is -76,040 K. The company’s previous quarter sales were 86,860 K while its latest quarter income was -18,240 K.
