Gogoro Inc (NASDAQ:GGR) Shares Dropped -5.79% In A Week. Can It Continue Rising?

In recent trading session, Gogoro Inc (NASDAQ:GGR) saw 0.72 million shares changing hands at last check today with its beta currently measuring 0.80. Company’s recent per share price level of $0.44 trading at -$0.03 or -5.83% at last check today assigns it a market valuation of $129.24M. That most recent trading price of GGR’s stock is at a discount of -359.09% from its 52-week high price of $2.02 and is indicating a premium of 9.09% from its 52-week low price of $0.40.

Gogoro Inc (NASDAQ:GGR) trade information

Upright in the red during last session for losing -5.83%, in the last five days GGR remained trading in the red while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $0.44 price level, adding 11.98% to its value on the day. Gogoro Inc’s shares saw a change of -12.35% in year-to-date performance and have moved -5.79% in past 5-day. Gogoro Inc (NASDAQ:GGR) showed a performance of -5.26% in past 30-days.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 92.67% to its recent value today. 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 -1263.64% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1263.64% for stock’s current value.

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.

On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 2.73 shares of worth $1.19 million or 0.93% of the total outstanding shares. The later fund manager was in possession of 888.02 shares on Nov 30, 2024, making its stake of worth around $0.39 million in the company or a holder of 0.30% of company’s stock.