The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Gogoro Inc (NASDAQ: GGR) was $0.35 for the day, down -6.65% from the previous closing price of $0.38. In other words, the price has decreased by -$6.65 from its previous closing price. On the day, 0.71 million shares were traded. GGR stock price reached its highest trading level at $0.385 during the session, while it also had its lowest trading level at $0.3501.
Ratios:
Our analysis of GGR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 2.45 whereas as Long-Term Debt/Eq ratio is at 1.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on November 15, 2024, Downgraded its rating to Neutral and sets its target price to $0.50 from $2.30 previously.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 10 ’24 when Peng Ming-I bought 12,826 shares for $1.10 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GGR now has a Market Capitalization of 104751624 and an Enterprise Value of 397362272. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 1.305 whereas that against EBITDA is -23.674.
Stock Price History:
The Beta on a monthly basis for GGR is 1.05, which has changed by -0.7389706 over the last 52 weeks, in comparison to a change of 0.18569505 over the same period for the S&P500. Over the past 52 weeks, GGR has reached a high of $1.51, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is 18.25%, while the 200-Day Moving Average is calculated to be -10.27%.
Shares Statistics:
GGR traded an average of 440.54K shares per day over the past three months and 440580 shares per day over the past ten days. A total of 295.35M shares are outstanding, with a floating share count of 199.94M. Insiders hold about 32.24% of the company’s shares, while institutions hold 5.92% stake in the company. Shares short for GGR as of 1752537600 were 2345112 with a Short Ratio of 5.32, compared to 1749772800 on 2444001. Therefore, it implies a Short% of Shares Outstanding of 2345112 and a Short% of Float of 1.27.
