Gogoro Inc (GGR)’s stock has witnessed a price declined of -3.06% from the previous close with its current price standing at $0.50. Its current price is -83.16% under its 52-week high of $2.97 and -1.56% more than its 52-week low of $0.51.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, GGR’s SMA-200 is $1.6633.
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Additionally, it is important to take into account GGR stock ratios, including its price-to-sales ratio, which is 0.42 for the last tewlve months.GGR’s price to book ratio for the most recent quarter was 0.53, resulting in an 0.71 price to cash per share for the period.
How does Gogoro Inc (GGR) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 3 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.67 in simple terms.
Gogoro Inc (NASDAQ: GGR) Ownership Details
I will give a breakdown of the key shareholders in Gogoro Inc (GGR). Recent figures show that the company’s insiders hold 39.41% of shares. A total of 38 institutional investors hold shares in the company, making 11.73% of its stock and 19.37% of its float.
Jun 30, 2024, it was reported that the Company’s largest institutional holder is Generation Investment Management LLP holding total of 8.5 shares that make 2.88% of the company’s total number of shares and are currently priced at 4.18 million.
The securities firm Temasek Holdings (Private) Limited holds 6.89 shares of GGR, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 2.34%, and the holding percentage of shares is valued at 3.39 million.
An overview of Gogoro Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Gogoro Inc (GGR) traded 793,296 shares per day, with a moving average of $0.9708 and price change of -0.7900. With the moving average of $1.2251 and a price change of -1.0900, about 458,409 shares changed hands on average over the past 50 days. Finally, GGR’s 100-day average volume is 339,082 shares, alongside a moving average of $1.3742 and a price change of -1.0900.
