Gogo Inc (NASDAQ: GOGO) is -30.70% lower on its value in year-to-date trading and has touched a low of $6.17 and a high of $12.01 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 $6.56 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $7.02, the stock is 4.53% and -3.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.95 million and changing 7.01% at the moment leaves the stock -19.91% off its SMA200. GOGO registered -38.42% loss for a year compared to 6-month loss of -13.55%. The firm has a 50-day simple moving average (SMA 50) of $7.2801 and a 200-day simple moving average (SMA200) of $8.7656.
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The stock witnessed a -3.04% gain in the last 1 month and extending the period to 3 months gives it a -26.18%, and is 10.55% 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 5.95% over the week and 5.33% over the month.
Gogo Inc (GOGO) has around 457 employees, a market worth around $891.19M and $402.14M in sales. Current P/E ratio is 13.98 and Fwd P/E is 16.08. Profit margin for the company is 16.59%. Distance from 52-week low is 13.78% and -41.55% from its 52-week high. The company has generated returns on investments over the last 12 months (9.44%).
with sales reaching $97.3M over the same period.The EPS is expected to shrink by -70.03% this year, but quarterly earnings will post 0.80% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.
Gogo Inc (GOGO) Top Institutional Holders
254.0 institutions hold shares in Gogo Inc (GOGO), with institutional investors hold 101.85% of the company’s shares. The shares outstanding are 128.46M, and float is at 62.41M with Short Float at 19.97%. Institutions hold 73.41% 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).
