Gogoro Inc (NASDAQ: GGR) Could Have Exceptional Returns?

In the last trading session, 3.29 million shares of the Gogoro Inc (NASDAQ:GGR) were traded, and its beta was 0.55. Most recently the company’s share price was $0.60, and it changed around $0.01 or 1.84% from the last close, which brings the market valuation of the company to $167.97M. GGR currently trades at a discount to its 52-week high of $2.97, offering almost -395.0% off that amount. The share price’s 52-week low was $0.48, which indicates that the current value has risen by an impressive 20.0% since then. We note from Gogoro Inc’s average daily trading volume that its 10-day average is 4.33 million shares, with the 3-month average coming to 1.00 million.

Gogoro Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended GGR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Gogoro Inc is expected to report earnings per share of 0 for the current quarter.

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Gogoro Inc (NASDAQ:GGR) trade information

Instantly GGR has showed a green trend with a performance of 1.84% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.6799 on recent trading dayincreased the stock’s daily price by 11.75%. The company’s shares are currently down -76.60% year-to-date, but still up 9.90% over the last five days. On the other hand, Gogoro Inc (NASDAQ:GGR) is -45.60% down in the 30-day period. We can see from the shorts that 2.9 million shares have been sold at a short interest cover period of 11.71 day(s).

The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 90.0% from its current value. Analyst projections state that GGR is forecast to be at a low of $6 and a high of $6.

Gogoro Inc (GGR) estimates and forecasts

The year-over-year growth rate is expected to be -6.00%, down from the previous year.

GGR Dividends

Gogoro Inc’s next quarterly earnings report is expected to be released in November.

TEMASEK HOLDINGS (PRIVATE) LTD, with 2.9214% or 6.89 million shares worth $10.62 million as of 2024-06-30, holds the second largest percentage of outstanding shares.