Gogoro Inc (GGR) average volume reaches $1.74M: Is Wall Street expecting a rally?

Gogoro Inc (NASDAQ: GGR) kicked off on Friday, down -4.02% from the previous trading day, before settling in for the closing price of $0.54. Over the past 52 weeks, GGR has traded in a range of $0.40-$2.68.

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During the last 5-year period, the sales drop of Consumer Cyclical Sector giant was -5.15%. While this was happening, its average annual earnings per share was recorded 23.17%. With a float of $176.71 million, this company’s outstanding shares have now reached $278.18 million.

Let’s determine the extent of company efficiency that accounts 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 Activity

Our next focus will be how large-scale investors are participating 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) Earnings and Forecasts

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

Take a look at Gogoro Inc’s (GGR) current performance indicators. Last quarter, 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 0.42.

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)

Looking closely at Gogoro Inc (NASDAQ: GGR), its last 5-days average volume was 0.62 million, which is a drop from its year-to-date volume of 0.65 million. As of the previous 9 days, the stock’s Stochastic %D was 5.64%. Additionally, its Average True Range was 0.05.

During the past 100 days, Gogoro Inc’s (GGR) raw stochastic average was set at 11.51%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.16% in the past 14 days, which was lower than the 94.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.5358, while its 200-day Moving Average is $1.1511. However, in the short run, Gogoro Inc’s stock first resistance to watch stands at $0.5441. Second resistance stands at $0.5657. The third major resistance level sits at $0.5766. If the price goes on to break the first support level at $0.5116, it is likely to go to the next support level at $0.5007. Should the price break the second support level, the third support level stands at $0.4791.

Gogoro Inc (NASDAQ: GGR) Key Stats

The company with the Market Capitalisation of 139.47 million has total of 295,066K Shares Outstanding. Its annual sales at the moment are 349,850 K in contrast with the sum of -76,040 K annual income. Company’s last quarter sales were recorded 86,860 K and last quarter income was -18,240 K.