Gogoro Stock to Reverse Split on Monday, October 6th (NASDAQ:GGR)

Shares of Gogoro Inc. (NASDAQ:GGR) are scheduled to reverse split on Monday, October 6th. The 1-20 reverse split was announced on Tuesday, September 16th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, October 3rd.

Gogoro Stock Performance

Shares of GGR stock opened at $0.37 on Wednesday. The company’s fifty day simple moving average is $0.35 and its 200-day simple moving average is $0.31. Gogoro has a 52 week low of $0.19 and a 52 week high of $0.75. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 2.41. The company has a market cap of $109.18 million, a PE ratio of -0.80 and a beta of 0.97.

Gogoro (NASDAQ:GGR) last issued its earnings results on Tuesday, August 12th. The company reported ($0.09) EPS for the quarter. Gogoro had a negative net margin of 46.72% and a negative return on equity of 69.46%. The business had revenue of $65.81 million during the quarter. As a group, equities research analysts anticipate that Gogoro will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Gogoro

A hedge fund recently raised its stake in Gogoro stock. Jane Street Group LLC grew its holdings in Gogoro Inc. (NASDAQ:GGR) by 81.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 382,394 shares of the company’s stock after acquiring an additional 171,273 shares during the period. Jane Street Group LLC owned about 0.13% of Gogoro worth $103,000 as of its most recent SEC filing. 15.87% of the stock is currently owned by institutional investors.

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.