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Gogo Inc (GOGO) – Don’t Be So Quick to Call it Dead

Gogo Inc (NASDAQ: GOGO) is 0.69% higher on its value in year-to-date trading and has touched a low of $7.53 and a high of $17.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOGO stock was last observed hovering at around $9.77 in the last trading session, with the day’s gains setting it 0.43%.

Currently trading at $10.20, the stock is 15.46% and 17.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 4.40% at the moment leaves the stock -1.66% off its SMA200. GOGO registered -16.67% loss for a year compared to 6-month loss of 1.59%.

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The stock witnessed a 18.74% gain in the last 1 month and extending the period to 3 months gives it a 2.82%, and is 11.96% up 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 5.87% over the week and 4.43% over the month.

Gogo Inc (GOGO) has around 457 employees, a market worth around $1.31B and $403.30M in sales. Current P/E ratio is 8.72 and Fwd P/E is 19.01. Profit margin for the company is 38.61%. Distance from 52-week low is 35.46% and -43.14% from its 52-week high. The company has generated returns on investments over the last 12 months (21.61%).

The EPS is expected to shrink by -63.53% this year

The shares outstanding are 128.46M, and float is at 60.30M with Short Float at 19.50%.

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).

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