At the time of writing, Gogoro Inc [GGR] stock is trading at $0.53, down -3.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GGR shares have gain 3.92% over the last week, with a monthly amount drifted -55.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gogoro Inc [NASDAQ: GGR] stock has seen the most recent analyst activity on August 19, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, JP Morgan upgraded its rating to Neutral on December 13, 2023. On September 20, 2022, JP Morgan initiated with a Underweight rating and assigned a price target of $4.30 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $8.60 on June 09, 2022.
For the past year, the stock price of Gogoro Inc fluctuated between $0.48 and $2.97. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Gogoro Inc [NASDAQ: GGR] shares were valued at $0.53 at the most recent close of the market. An investor can expect a potential return of 1032.08% based on the average GGR price forecast.
Analyzing the GGR fundamentals
According to Gogoro Inc [NASDAQ:GGR], the company’s sales were 333.94M for trailing twelve months, which represents an -7.22% plunge. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.25 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4934 points at the first support level, and at 0.4567 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5943, and for the 2nd resistance point, it is at 0.6585.
Ratios To Look Out For
It is important to note that Gogoro Inc [NASDAQ:GGR] has a current ratio of 1.46. Also, the Quick Ratio is 1.19, while the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.56.
Transactions by insiders
Recent insider trading involved Peng Ming-I, Officer, that happened on Sep 10 ’24 when 12826.0 shares were purchased. Officer, Peng Ming-I completed a deal on Aug 13 ’24 to buy 0.13 million shares.
