After finishing at $1.30 in the prior trading day, Gogoro Inc (NASDAQ: GGR) closed at $1.32, up 1.54%. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 508932 shares were traded.
Ratios:
Our goal is to gain a better understanding of GGR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.24. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.43.
On September 20, 2022, JP Morgan started tracking the stock assigning a Underweight rating and target price of $4.30.
On June 09, 2022, Citigroup started tracking the stock assigning a Buy rating and target price of $8.60.Citigroup initiated its Buy rating on June 09, 2022, with a $8.60 target price.
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 320.16M and an Enterprise Value of 586.58M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 1.68 whereas that against EBITDA is 19.24.
Stock Price History:
Over the past 52 weeks, GGR has reached a high of $4.19, while it has fallen to a 52-week low of $1.29. The 50-Day Moving Average of the stock is 1.9808, while the 200-Day Moving Average is calculated to be 2.6495.
Shares Statistics:
The stock has traded on average 204.83K shares per day over the past 3-months and 257.72k shares per day over the last 10 days, according to various share statistics. A total of 244.21M shares are outstanding, with a floating share count of 163.87M. Insiders hold about 32.89% of the company’s shares, while institutions hold 13.26% stake in the company. Shares short for GGR as of Feb 29, 2024 were 2.4M with a Short Ratio of 11.72, compared to 2.63M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.98% and a Short% of Float of 1.47%.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.31 and -$0.35 for the fiscal current year, implying an average EPS of -$0.33. EPS for the following year is -$0.22, with 2 analysts recommending between -$0.12 and -$0.32.
Revenue Estimates
2 analysts predict $400.7M in revenue for the current quarter. It ranges from a high estimate of $410.42M to a low estimate of $390.98M. As of the current estimate, Gogoro Inc’s year-ago sales were $349.85M, an estimated increase of 14.50% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for GGR’s current fiscal year. The highest revenue estimate was $410.42M, while the lowest revenue estimate was $390.98M, resulting in an average revenue estimate of $400.7M. In the same quarter a year ago, actual revenue was $349.85M, up 14.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $475.82M in the next fiscal year. The high estimate is $475.9M and the low estimate is $475.75M. The average revenue growth estimate for next year is up 18.70% from the average revenue estimate for this year.
