Gogoro Inc (NASDAQ: GGR) Stock Jumped 0.04% Over A Month – Is There Any Hope Of A Gain?

During the last session, Gogoro Inc (NASDAQ:GGR)’s traded shares were 0.32 million, with the beta value of the company hitting 0.63. At the end of the trading day, the stock’s price was $0.50, reflecting an intraday gain of 2.69% or $0.02. The 52-week high for the GGR share is $2.73, that puts it down -446.0 from that peak though still a striking 20.0% gain since the share price plummeted to a 52-week low of $0.40. The company’s market capitalization is $138.26M, and the average intraday trading volume over the past 10 days was 0.78 million shares, and the average trade volume was 1.67 million shares over the past three months.

Gogoro Inc (NASDAQ:GGR) trade information

Gogoro Inc (GGR) registered a 2.69% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.69% in intraday trading to $0.50, hitting a weekly high. The stock’s 5-day price performance is 3.97%, and it has moved by 0.04% in 30 days. Based on these gigs, the overall price performance for the year is -81.46%. The short interest in Gogoro Inc (NASDAQ:GGR) is 2.94 million shares and it means that shorts have 1.24 day(s) to cover.

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The consensus price target of analysts on Wall Street is $6, which implies an increase of 91.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, GGR is trading at a discount of -1100.0% off the target high and -1100.0% off the low.

Gogoro Inc (GGR) estimates and forecasts

In the rating firms’ projections, revenue will decrease -13.09% compared to the previous financial year.

While earnings are projected to return 23.17% in 2024.

GGR Dividends

Gogoro Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 6.89 million shares, is of TEMASEK HOLDINGS (PRIVATE) LTD’s that is approximately 2.9214% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.62 million.

Also, the Mutual Funds coming in first place with the largest holdings of Gogoro Inc (GGR) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund . Data provided on Sep 30, 2024 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 2.73 shares. This amounts to just over 0.93 percent of the company’s overall shares, with a $1.36 million market value. The same data shows that the other fund manager holds slightly less at 966.05, or about 0.33% of the stock, which is worth about $0.48 million.