Gogoro (NASDAQ:GGR) Director Chung-Yao Yin Purchases 14,158,991 Shares of Stock

Gogoro Inc. (NASDAQ:GGR) Director Chung-Yao Yin acquired 14,158,991 shares of the business’s stock in a transaction dated Wednesday, October 7th. The shares were bought at an average cost of $2.48 per share, for a total transaction of $35,114,297.68. Following the transaction, the director directly owned 20,254,338 shares in the company, valued at approximately $50,230,758.24. This represents a 232.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gogoro Stock Down 6.4%

GGR stock opened at $2.80 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.54 and a current ratio of 0.69. Gogoro Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $5.50. The stock’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $3.46. The company has a market cap of $41.36 million, a P/E ratio of -0.89 and a beta of 0.90.

Gogoro (NASDAQ:GGR) last issued its earnings results on Monday, August 24th. The company reported ($0.24) earnings per share for the quarter. Gogoro had a negative return on equity of 41.32% and a negative net margin of 16.98%.The firm had revenue of $70.62 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gogoro stock. Citadel Advisors LLC acquired a new position in Gogoro Inc. (NASDAQ:GGR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,695 shares of the company’s stock, valued at approximately $94,000. Citadel Advisors LLC owned approximately 0.16% of Gogoro as of its most recent filing with the Securities and Exchange Commission. 15.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gogoro in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Gogoro

Gogoro Inc is a Taiwan-based technology company that develops electric two-wheelers, battery-swapping infrastructure and related mobility services. Its products include smart electric scooters, portable batteries, charging equipment and software platforms designed to support connected urban transportation.

The company’s principal service is the Gogoro Network, a subscription-based battery-swapping platform that allows riders to exchange depleted batteries for charged ones at automated GoStation locations.