Gogoro (NASDAQ:GGR) Announces 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 analysts’ consensus estimates 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 Trading Up 11.5 %

Shares of GGR opened at $0.47 on Friday. The business’s 50-day moving average price is $0.49 and its 200 day moving average price is $0.69. Gogoro has a 1-year low of $0.40 and a 1-year high of $2.03. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.29 and a quick ratio of 1.02.

Analyst Upgrades and Downgrades

GGR has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating and set a $0.50 target price (down 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.