Gogoro (NASDAQ:GGR) Posts Earnings Results, Misses Estimates By $0.22 EPS

Gogoro (NASDAQ:GGR) released its earnings results on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.22), Zacks reports. Gogoro had a negative return on equity of 31.68% and a negative net margin of 24.00%. Gogoro updated its FY 2024 guidance to EPS.

Gogoro Price Performance

Shares of NASDAQ:GGR traded down $0.03 during midday trading on Thursday, reaching $0.44. 708,101 shares of the company were exchanged, compared to its average volume of 416,156. The stock has a market cap of $129.53 million, a PE ratio of -1.38 and a beta of 0.65. The business’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.70. Gogoro has a one year low of $0.40 and a one year high of $2.03. The company has a current ratio of 1.29, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32.

Analysts Set New Price Targets

Several research analysts recently weighed in on GGR shares. Citigroup reaffirmed a “neutral” rating and issued a $0.50 target price (down previously from $2.30) on shares of Gogoro in a report on Friday, November 15th. Benchmark reissued a “hold” rating on shares of Gogoro in a research note on Monday, November 18th.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.