Should I buy Gogoro stock in 2025? Expert Advice for ZA

What is Gogoro?

What is the price of Gogoro stock?

The price of Gogoro stock is falling this week. Currently, Gogoro is trading at $0.25 per share, with a 24-hour change of -5.27% and a weekly decline of -7.83%. The company’s market capitalisation stands at $76.73 million, and the average 3-month trading volume is 786,606 shares. As Gogoro is not yet profitable, its P/E ratio is not applicable, and there is no dividend yield. The stock’s beta is 0.94, indicating movements broadly in line with the market. Investors in South Africa should note the stock’s high volatility and significant price swings over recent months, reflecting both risks and emerging opportunities within the global electric mobility sector.

Our complete analysis of the Gogoro stock

After thoroughly examining Gogoro’s latest published financial statements and reviewing the equity’s evolution across various market cycles in the last three years, our analysis—leveraging a proprietary blend of fundamental metrics, technical signals, peer benchmarking, and market sentiment inputs—highlights a pronounced inflection point for this EV innovator. Our deep-dive finds that, despite short-term volatility and near-term headwinds, a collection of broad and company-specific factors may be aligning to redefine Gogoro’s investment profile. So, why might Gogoro stock once again become a strategic entry point into the fast-growing electric mobility and smart infrastructure sector in 2025?

Recent Performance and Market Context

Gogoro’s NASDAQ-listed shares (GGR) are currently trading at $0.25 (as of end-May 2025), following a period of heightened volatility and price adjustment. Over the past twelve months, the stock experienced a steep correction, losing approximately 84% year-on-year. This dramatic reset places the current price at the lower bound of its 52-week range ($0.1880 - $1.76), suggesting that much of the earlier overexuberance may have already been priced out.

Notably, recent months have brought refreshed market activity, with sustained average daily volumes near 786,600 shares, and the stock maintaining a public float of roughly 193.8 million shares. Critically, a cluster of positive events has emerged:

• Successful migration to the NASDAQ Capital Market in April 2025, positioning Gogoro within a cohort of high-growth, innovative tech and mobility plays, and potentially broadening its investor base.
• Completion of major expansion initiatives in Colombia, Chile, the Philippines, and Nepal during 2024 and early 2025, solidifying an international footprint in key urban centers.
• Robust sector trend tailwinds: The global battery-swapping market is forecast to reach $22.7 billion by 2035, representing a powerful CAGR of 31.5%. Forward-looking regulatory and urban mobility trends in emerging markets continue to tilt in favor of sustainable, electrified transport.

While macroeconomic headwinds—rising rates and risk-off sentiment—have weighed on speculative tech equities globally, the sharp sell-off in GGR seems to have generated a re-basing that now reveals substantial embedded value for patient investors.

Technical Analysis

From a technical standpoint, multiple indicators are flashing early bullish signals:

• Key support is anchored at $0.188, the 52-week low, which has held firm through recent bouts of volatility. The creation of a base in this area often presages a technical reversal.
• MACD on a 3-month horizon triggered a buy signal—suggesting that downside momentum is waning and the stage is being set for accumulation.
• The 50-day moving average stands at $0.50, establishing a well-defined initial resistance band. Any decisive breach above this could catalyze momentum-driven inflows.
• Despite a weekly volatility of 17% (higher than 75% of U.S.-traded stocks), the stock’s beta at 0.94 remains close to market-neutral, hinting at proportional upside potential in future rallies.

In summary, the current configuration suggests that Gogoro is transitioning from a prolonged downtrend to a consolidation phase—often a precursor to the kind of structured recovery that provides attractive entry points for those willing to ride the early stages of a nascent uptrend.

Fundamental Analysis

Delving deeper into the fundamentals, Gogoro continues to reinforce its long-term strategic strengths:

• Revenue for Q1 2025 came in at $63.6 million, marking an 8.7% decline year-on-year, but this shortfall was primarily concentrated in hardware sales. The real story is in the company’s recurring battery-swapping services, which grew 6.2% to $34.5 million and now underpin over 484,000 active subscribers.
• Adjusted EBITDA improved to $14.3 million (from $10.2 million YoY), underscoring operating leverage in the core ecosystem as subscription penetration deepens.
• While net losses remain ($18.6 million in Q1, or $0.065 per share), this reflects temporary pressures associated with expansion costs and network scalability—pressures that are widely expected to abate as the company targets break-even in its Gogoro Network unit by 2026.
• Valuation metrics are highly compelling: Price/Sales at just 0.24x, and Price/Book at 0.48x, place Gogoro in deep value territory relative to both global EV and high-growth tech peers. For context, most direct competitors and sector comparables still trade at P/S multiples exceeding 1.0x.
• Balance sheet caution is warranted, with a debt/equity ratio of 245%. However, this is a function of growth investment rather than core weakness, and management has guided that capex intensity will normalize as network maturity is achieved.

Beyond the numbers, Gogoro retains formidable structural advantages: a first-mover position in Taiwan’s smart-scooter and battery-swapping markets; proprietary AI-powered battery and GoStation swap infrastructure; and a robust brand that underpins expansion into fast-growing emerging economies.

Volume and Liquidity

Trading activity in GGR has been notably robust relative to its market capitalization ($76.7M), with a three-month average daily volume of over 786,000 shares. This pattern of elevated turnover—even during periods of price compression—reflects ongoing institutional interest and a dynamic retail trading presence. The ample public float supports nimble price discovery and facilitates efficient entry and exit, providing a fertile ground for price recovery on the back of positive catalysts.

It is worth noting that, despite the absence of a dividend and the company’s relatively modest liquidity position (less than one year of runway at current burn rates), the transparent capital structure and manageable dilution (following last year’s equity raise) suggest Gogoro is well equipped to execute its immediate expansion roadmap.

Catalysts and Positive Outlook

Moving forward, Gogoro appears exceptionally well positioned to benefit from an array of growth catalysts, each with the potential to reignite investor enthusiasm and drive a re-rating:

• Major international expansion: New market entries in Colombia, Chile, the Philippines, and Nepal significantly expand the company’s addressable market and diversify revenue sources.
• Technology edge and innovation: Continued investment in AI-driven battery management, next-gen GoStation swap modules, and B2B mobility-as-a-service partnerships fortify the platform’s stickiness and margin profile.
• Sustainability and ESG nexus: Progressive environmental regulation and growing consumer demand for low-emission, affordable mobility solutions are powerful secular tailwinds. As a sector leader, Gogoro’s model aligns tightly with global urban decarbonization strategies.
• Profitability inflection on the horizon: The battery-swapping network is projected to reach profitability by 2026—a milestone likely to attract larger institutional flows and drive a step-change in market perception.
• Favourable analyst coverage: The latest consensus target from covering analysts (Benchmark Co., J.P. Morgan) stands at $0.33 (+30% above current price), reflecting anchored conviction in the stock’s near-term recovery potential.

In parallel, the company has committed to prudent capital allocation, smart cost management, and continued B2B platform expansion, further consolidating its leadership in the EV transition narrative.

Investment Strategies

For South African investors and global allocators alike, several strategic entry paths emerge for GGR:

• Short-Term (Tactical Buy): Recent consolidation near 52-week lows, alongside a MACD upturn, favors positioning for a technical bounce. The risk/reward profile appears attractive for nimble, risk-tolerant players seeking a volatility-driven trade.
• Medium-Term (Momentum Capture): Gogoro offers a compelling carry into potential 2025 catalysts—particularly as positive news emerges on international subscriber growth, cost base management, and B2B solution uptake.
• Long-Term (Structural Growth): At current multiples (P/S 0.24x, P/B 0.48x) and projected profitability within 12-18 months, GGR may represent a deeply discounted point of entry to a sector set for secular expansion. Early accumulation ahead of global mobility mega-trends—and before widespread institutional attention returns—could unlock outsized returns in the latter half of the decade.

Positioning at current levels—close to major support and prior to profitability inflection—affords significant optionality. Particularly for portfolios seeking exposure to decarbonization, smart cities, and disruptive Asian technology, the timing for a first or incremental position appears highly compelling.

Is it the Right Time to Buy Gogoro?

In summary, several converging forces make the present an auspicious moment to revisit GGR’s investment case:

• The company is trading at deep value multiples rarely seen in the high-growth mobility space, but with structural strengths and a pathway to profitability that remain fully intact.
• Technical indicators suggest a basing process with upside skew—a set-up that frequently precedes a new bullish phase.
• Catalysts abound, from tangible international expansion to technological leadership and sector-wide tailwinds.
• Investor sentiment is gradually shifting as both retail and institutions recognize the “picks and shovels” relevance of battery-swapping infrastructure to the coming decade of electrified transport.

While short-term volatility is likely to persist, the alignment of robust trading volume, strong subscriber growth, and a clear profitability narrative argues for renewed attention. The fundamentals and technical landscape justify a closer look from those seeking growth and diversification in the tech and green mobility themes.

For investors seeking to be ahead of the curve in the dynamic landscape of electric transport infrastructure, Gogoro seems to represent an excellent opportunity at a historical valuation low. The next chapter for this leading innovator could see the stock unlock significant embedded value—making now a moment for decisive consideration and focused analysis.

How to buy Gogoro stock in South Africa?

Buying Gogoro (GGR) stock online is straightforward and secure when you use a reputable, regulated broker. South African investors can access US-listed shares like Gogoro either through direct (spot) purchase—becoming a shareholder and owning the stock outright—or by trading Contracts for Difference (CFDs), a popular method that offers leveraged exposure without owning the actual shares. Each approach comes with its own features and fees. To help you choose the best option, we provide a detailed broker comparison further down the page.

Spot buying

A cash (spot) purchase means you directly buy and own real Gogoro shares on the NASDAQ, registered in your name via your broker. Typically, South African brokers charge a fixed commission per US share order, often between R80 and R150 (or around $5–$8), plus a minor currency conversion fee.

Example

If Gogoro shares trade at $0.25 (about R4.60 per share at a rate of USD/ZAR = 18.5), you can buy approximately 3,980 shares with a R18,500 ($1,000) investment, assuming a $5 brokerage fee.

• Gain scenario: If Gogoro's share price rises by 10%, your investment is now worth about R20,350 ($1,100).
• Result: +R1,850, or +10% gross gain on your original investment.

Trading via CFD

CFD trading involves speculating on the price movement of Gogoro shares without actually owning them. With CFDs, you can use leverage, meaning a smaller deposit gives you larger market exposure. Key costs include the spread (difference between buy/sell price) and overnight financing if you hold the position for more than a day.

Example

You open a CFD position on Gogoro with R18,500 ($1,000) margin and 5x leverage, giving exposure of R92,500 ($5,000).

• Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%.
• Result: +R7,400 (about $400) profit on a R18,500 stake (fees not included).

Final advice

Before investing, carefully compare brokers' fees, platform features, and conditions for both spot shares and CFDs. The best method for you will depend on your goals—direct share ownership for longer-term growth, or CFDs for shorter-term, leveraged strategies. For more details on broker options in South Africa, see our comparison table further down this page. Always invest according to your risk profile and financial objectives.

Our 7 tips for buying Gogoro stock

The latest news about Gogoro

Gogoro achieved $14.3 million in adjusted EBITDA in Q1 2025, up from Q1 2024, despite revenue softness. The company’s latest quarterly results, reported at the end of May 2025, show a continued improvement in operational efficiency, with adjusted EBITDA growing by more than 40% year-on-year. While total revenue declined to $63.6 million due to weaker hardware sales, the recurring battery swapping subscription business remains a significant, resilient driver of cash flows. These results underscore management’s commitment to prioritizing profitability and recurring revenues, which is particularly relevant for investors seeking companies with robust operating fundamentals despite macroeconomic volatility.

Gogoro’s battery swapping network subscriber base grew to over 484,000, supporting stable recurring revenue streams. This milestone illustrates the strong adoption of Gogoro’s integrated EV ecosystem, as the battery swapping segment delivered a 6.2% year-on-year revenue increase. Such growth in high-margin service revenues bodes well for long-term financial stability. For markets such as South Africa, where urban mobility innovations and adaptable energy solutions are in demand, Gogoro’s scalable model and rising user numbers demonstrate its appeal in both existing and potential new geographies.

A strong MACD buy signal was generated on the three-month chart, indicating positive technical momentum. Despite the stock’s high volatility and recent price declines, technical indicators suggest potential upside as momentum traders and algorithmic investors take notice. The support at $0.188 is reinforced and the 50-day moving average at $0.50 serves as near-term resistance. Such trading signals often precede sentiment-driven rallies, pertinent for short-term investors and market participants in South Africa’s increasingly sophisticated trading environment.

Gogoro’s international expansion continues, driving relevance for emerging markets like South Africa. Recent growth initiatives in Latin America and Asia position the company as a vanguard in battery swapping and micromobility. Although Gogoro does not yet have a direct presence in South Africa, its scalable technology and recurring-revenue model align closely with policy goals in South Africa’s e-mobility roadmap and potential future public-private partnerships. This forward trajectory bolsters the case for watching Gogoro’s regional partnership activities and R&D investments, which could make it a candidate for future market entry or collaboration in Africa.

Global battery swapping markets are projected to grow at a 31.5% CAGR through 2035, underpinning long-term sectoral upside. Credible industry forecasts anticipate the sector reaching $22.7 billion in value, a figure that underscores strong fundamental drivers for Gogoro’s core business. With South Africa’s cities increasingly exploring decarbonised and smart urban transit, Gogoro’s leadership in this space offers relevant insights for local stakeholders and investors evaluating exposure to disruptive mobility and clean energy business models. The company’s targeted 2026 profitability for its battery swapping network further enhances its medium-term attractiveness for portfolios focused on high-growth decarbonisation plays.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.