Gogoro (NASDAQ:GGR) Shares Up 2.7% - Here's Why

Shares of Gogoro Inc. (NASDAQ:GGR - Get Free Report) were up 2.7% during trading on Wednesday . The stock traded as high as $3.73 and last traded at $3.5850. Approximately 27,219 shares traded hands during trading, an increase of 111% from the average daily volume of 12,878 shares. The stock had previously closed at $3.49.Analysts Set New Price TargetsSeparately, Weiss Ratings reissued a "sell (e+)" rating on shares of Gogoro in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Gogoro has a consensus rating of "Sell".View Our Latest Report on GogoroGogoro Stock PerformanceThe company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.62. The firm's fifty day moving average is $3.83 and its 200 day moving average is $5.54. The company has a market cap of $52.95 million, a PE ratio of -0.40 and a beta of 0.88. Gogoro (NASDAQ:GGR - Get Free Report) last announced its earnings results on Tuesday, November 11th. The company reported ($1.01) earnings per share (EPS) for the quarter. The company had revenue of $77.65 million during the quarter. Gogoro had a negative net margin of 47.07% and a negative return on equity of 80.94%. As a group, research analysts predict that Gogoro Inc. will post -0.12 EPS for the current fiscal year. Hedge Funds Weigh In On GogoroA number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Gogoro by 81.1% in the first quarter. Jane Street Group LLC now owns 382,394 shares of the company's stock worth $103,000 after acquiring an additional 171,273 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Gogoro by 185.8% in the 3rd quarter. GSA Capital Partners LLP now owns 774,659 shares of the company's stock valued at $233,000 after purchasing an additional 503,624 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in Gogoro by 9.5% during the 3rd quarter. Citadel Advisors LLC now owns 181,126 shares of the company's stock worth $54,000 after purchasing an additional 15,749 shares during the last quarter. Institutional investors and hedge funds own 15.87% of the company's stock. About Gogoro (Get Free Report)Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations. The core of Gogoro's business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.Read MoreFive stocks we like better than GogoroDo not delete, read immediatelyA month before the crashThe McDonald's SecretHow a Family Trust May Be Able To Help Preserve Your WealthWall Street Stockpicker Names #1 Stock of 2026This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Gogoro Right Now?Before you consider Gogoro, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gogoro wasn't on the list.While Gogoro currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here