GSA Capital Partners LLP Increases Stock Holdings in Gogoro Inc. $GGR

GSA Capital Partners LLP boosted its holdings in shares of Gogoro Inc. (NASDAQ:GGR) by 185.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 774,659 shares of the company’s stock after buying an additional 503,624 shares during the quarter. GSA Capital Partners LLP owned approximately 0.05% of Gogoro worth $233,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC boosted its holdings in 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 in the last quarter. 15.87% of the stock is owned by institutional investors.

Gogoro Price Performance

NASDAQ GGR opened at $3.12 on Friday. The company has a market cap of $46.08 million, a price-to-earnings ratio of -0.58 and a beta of 0.93. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.60. The stock’s fifty day moving average price is $3.11 and its 200 day moving average price is $4.48. Gogoro Inc. has a 1 year low of $2.72 and a 1 year high of $8.68.

Gogoro (NASDAQ:GGR) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($1.41) earnings per share for the quarter. The firm had revenue of $74.40 million for the quarter. Gogoro had a negative net margin of 28.71% and a negative return on equity of 53.99%. As a group, equities research analysts forecast that Gogoro Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Gogoro in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Gogoro Company Profile

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.