Gogoro Inc (GGR) Investors To Reap Good Returns Once Again

Gogoro Inc (NASDAQ:GGR) has a beta value of 0.60 and has seen 1.54 million shares traded in the last trading session. The company, currently valued at $118.03M, closed the last trade at $0.44 per share which meant it lost -$0.03 on the day or -4.61% during that session. The GGR stock price is -531.82% off its 52-week high price of $2.78 and 0.0% above the 52-week low of $0.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.41 million shares traded. The 3-month trading volume is 1.49 million shares.

Gogoro Inc (NASDAQ:GGR) trade information

Sporting -4.61% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GGR stock price touched $0.44 or saw a rise of 13.71%. Year-to-date, Gogoro Inc shares have moved -82.76%, while the 5-day performance has seen it change -5.44%. Over the past 30 days, the shares of Gogoro Inc (NASDAQ:GGR) have changed -24.98%. Short interest in the company has seen 2.92 million shares shorted with days to cover at 0.88.

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Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 92.67% from current levels. The projected low price target is $6.0 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -1263.64% off the targeted high while a plunge would see the stock gain -1263.64% from current levels.

Gogoro Inc (GGR) estimates and forecasts

The company’s shares have lost -70.35% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -6.00%.

GGR Dividends

Gogoro Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Gogoro Inc (NASDAQ:GGR)’s Major holders

The top two institutional holders are GENERATION INVESTMENT MANAGEMENT LLP with over 8.5 million shares worth more than $13.09 million. As of 2024-06-30, GENERATION INVESTMENT MANAGEMENT LLP held 3.6036% of shares outstanding.

The other major institutional holder is TEMASEK HOLDINGS (PRIVATE) LTD, with the holding of over 6.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.62 million and represent 2.9214% of shares outstanding.