Gogoro Inc (NASDAQ:GGR) Is Now 18.64% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, Gogoro Inc (NASDAQ:GGR) saw 2.08 million shares changing hands with its beta currently measuring 0.59. Company’s recent per share price level of $0.59 trading at $0.03 or 4.98% at ring of the bell on the day assigns it a market valuation of $163.46M. That closing price of GGR’s stock is at a discount of -391.53% from its 52-week high price of $2.90 and is indicating a premium of 18.64% from its 52-week low price of $0.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.63 million shares which gives us an average trading volume of 1.29 million if we extend that period to 3-months.

Gogoro Inc (NASDAQ:GGR) trade information

Upright in the green during last session for gaining 4.98%, in the last five days GGR remained trading in the red while hitting it’s week-highest on Thursday, 10/10/24 when the stock touched $0.59 price level, adding 9.23% to its value on the day. Gogoro Inc’s shares saw a change of -77.22% in year-to-date performance and have moved -7.96% in past 5-day. Gogoro Inc (NASDAQ:GGR) showed a performance of -22.67% in past 30-days. Number of shares sold short was 3.36 million shares which calculate 1.86 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 90.17% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -916.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -916.95% for stock’s current value.

Gogoro Inc (GGR) estimates and forecasts

This year revenue growth is estimated to fall -6.00% from the last financial year’s standing.

Gogoro Inc (NASDAQ:GGR)’s Major holders

GENERATION INVESTMENT MANAGEMENT LLP is the top institutional holder at GGR for having 8.5 million shares of worth $13.09 million. And as of 2024-06-30, it was holding 3.6036 of the company’s outstanding shares.

The second largest institutional holder is TEMASEK HOLDINGS (PRIVATE) LTD, which was holding about 6.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9214 of outstanding shares, having a total worth of $10.62 million.