GGR Stock Forecast 2024: Gogoro Inc (NASDAQ: GGR) Remains Strong With -1150.0% Downside

In the latest trading session, 0.53 million Gogoro Inc (NASDAQ:GGR) shares changed hands as the company’s beta touched 0.67. With the company’s most recent per share price at $0.48 changed hands at -$0.05 or -9.66% at last look, the market valuation stands at $133.77M. GGR’s current price is a discount, trading about -479.17% off its 52-week high of $2.78. The share price had its 52-week low at $0.40, which suggests the last value was 16.67% up since then. When we look at Gogoro Inc’s average trading volume, we note the 10-day average is 1.29 million shares, with the 3-month average coming to 1.62 million.

Gogoro Inc (NASDAQ:GGR) trade information

Instantly GGR was in red as seen in intraday trades today. With action 11.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -81.36%, with the 5-day performance at 11.84% in the green. However, in the 30-day time frame, Gogoro Inc (NASDAQ:GGR) is -17.37% down. Looking at the short shares, we see there were 2.92 million shares sold at short interest cover period of 0.88 days.

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The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 92.0% from its recent market value. According to analyst projections, GGR’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -1150.0% plunge from its current level, while the stock would need to soar -1150.0% for it to hit the projected low.

Gogoro Inc (NASDAQ:GGR)’s Major holders

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