Gogo Inc (NASDAQ: GOGO) is -29.12% lower on its value in year-to-date trading and has touched a low of $6.61 and a high of $12.15 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 $7.24 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $7.18, the stock is -2.02% and -8.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing -0.83% at the moment leaves the stock -19.77% off its SMA200. GOGO registered -40.66% loss for a year compared to 6-month loss of -14.52%. The firm has a 50-day simple moving average (SMA 50) of $7.7963 and a 200-day simple moving average (SMA200) of $8.9353.
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The stock witnessed a -6.99% gain in the last 1 month and extending the period to 3 months gives it a -23.54%, and is 4.06% 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 5.93% over the week and 5.00% over the month.
Gogo Inc (GOGO) has around 457 employees, a market worth around $911.50M and $402.14M in sales. Current P/E ratio is 14.29 and Fwd P/E is 16.44. Profit margin for the company is 16.59%. Distance from 52-week low is 8.54% and -40.91% from its 52-week high. The company has generated returns on investments over the last 12 months (9.44%).
The EPS is expected to shrink by -70.03% this year.
Gogo Inc (GOGO) Top Institutional Holders
252.0 institutions hold shares in Gogo Inc (GOGO), with institutional investors hold 101.79% of the company’s shares. The shares outstanding are 128.46M, and float is at 62.41M with Short Float at 18.24%. Institutions hold 73.37% of the Float.
The top institutional shareholder in the company is GTCR LLC with over 31.74 million shares valued at $305.33 million. The investor’s holdings represent 24.5521% of the GOGO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.85 million shares valued at $94.73 million to account for 7.6173 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.73 million shares representing 4.4346% and valued at over $55.15 million, while FMR LLC holds 3.8521 of the shares totaling 4.98 million with a market value of $47.9 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 Feb 29 ’24 that WILLIAMS HARRIS N (Director) bought a total of 12,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $8.10 per share for $97200.0. Following the transaction, the insider now directly holds 20990.0 shares of the GOGO stock.
Still, SEC filings show that on Mar 01 ’24, TOWNSEND CHARLES C (Director) acquired 186,249 shares at an average price of $8.41 for $1.57 million. The insider now directly holds 1,711,731 shares of Gogo Inc (GOGO).
