Gogo Inc (NASDAQ: GOGO) is -15.60% lower on its value in year-to-date trading and has touched a low of $7.76 and a high of $17.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOGO stock was last observed hovering at around $8.09 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $8.55, the stock is -1.41% and -5.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing 5.69% at the moment leaves the stock -27.58% off its SMA200. GOGO registered -42.03% loss for a year compared to 6-month loss of -32.14%. The firm has a 50-day simple moving average (SMA 50) of $4.11 and a 200-day simple moving average (SMA200) of $9.50.
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The stock witnessed a -8.16% gain in the last 1 month and extending the period to 3 months gives it a -13.11%, and is -8.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.01% over the week and 5.12% over the month.
Gogo Inc (GOGO) has around 457 employees, a market worth around $1.09B and $397.58M in sales. Current P/E ratio is 7.82 and Fwd P/E is 17.39. Profit margin for the company is 36.64%. Distance from 52-week low is 10.25% and -52.34% from its 52-week high. The company has generated returns on investments over the last 12 months (20.77%).
Gogo Inc quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $96.56M over the same period.The EPS is expected to shrink by -72.61% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to shrink -2.10% in year-over-year returns.
241 institutions hold shares in Gogo Inc (GOGO), with institutional investors hold 96.83% of the company’s shares. The shares outstanding are 128.46M, and float is at 60.92M with Short Float at 15.05%. Institutions hold 70.12% of the Float.
The top institutional shareholder in the company is GTCR, LLC with over 31.74 million shares valued at $539.88 million. The investor’s holdings represent 24.66% of the GOGO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.25 million shares valued at $174.37 million to account for 7.97% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.75 million shares representing 4.47% and valued at over $97.76 million, while FMR, LLC holds 4.14% of the shares totaling 5.33 million with a market value of $90.65 million.
Gogo Inc (GOGO) Insider Activity
The most recent transaction is an insider purchase by TOWNSEND CHARLES C, the company’s Director. SEC filings show that TOWNSEND CHARLES C bought 28,857 shares of the company’s common stock on Mar 14 ’24 at a price of $9.03 per share for a total of $0.26 million. Following the purchase, the insider now owns 1.74 million shares.
Gogo Inc disclosed in a document filed with the SEC on Mar 01 ’24 that TOWNSEND CHARLES C (Director) bought a total of 186,249 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $8.41 per share for $1.57 million. Following the transaction, the insider now directly holds 1.71 million shares of the GOGO stock.
Still, SEC filings show that on Feb 29 ’24, TOWNSEND CHARLES C (Director) acquired 103,405 shares at an average price of $8.17 for $0.84 million. The insider now directly holds 1,525,482 shares of Gogo Inc (GOGO).
