Gogoro (NASDAQ:GGR) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Gogoro (NASDAQ:GGR) issued its earnings results on Thursday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.22), Zacks reports. The business had revenue of $73.01 million during the quarter. 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 Stock Up 11.5 %

GGR traded up $0.05 during trading on Friday, reaching $0.47. 824,231 shares of the stock traded hands, compared to its average volume of 281,958. The stock has a market cap of $139.89 million, a price-to-earnings ratio of -1.48 and a beta of 0.65. Gogoro has a fifty-two week low of $0.40 and a fifty-two week 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. The stock’s 50-day simple moving average is $0.49 and its two-hundred day simple moving average is $0.69.

Wall Street Analyst Weigh In

GGR has been the subject of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Gogoro in a research report on Monday, November 18th. Citigroup reaffirmed a “neutral” rating and issued a $0.50 target price (down previously from $2.30) on shares of Gogoro in a research report on Friday, November 15th.

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.