Gogo Inc (NASDAQ: GOGO) is -19.64% lower on its value in year-to-date trading and has touched a low of $6.17 and a high of $11.17 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 $8.17 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $8.14, the stock is 4.00% and 12.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.37% at the moment leaves the stock -4.11% off its SMA200. GOGO registered -18.92% loss for a year compared to 6-month loss of -21.12%. The firm has a 50-day simple moving average (SMA 50) of $7.2408 and a 200-day simple moving average (SMA200) of $8.489.
The stock witnessed a 16.45% gain in the last 1 month and extending the period to 3 months gives it a 5.44%, and is 5.17% 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 4.79% over the week and 5.57% over the month.
Gogo Inc (GOGO) has around 457 employees, a market worth around $1.02B and $404.72M in sales. Current P/E ratio is 19.06 and Fwd P/E is 21.61. Profit margin for the company is 13.94%. Distance from 52-week low is 31.93% and -27.13% from its 52-week high. The company has generated returns on investments over the last 12 months (8.01%).
Gogo Inc quarterly earnings per share for the current quarter are estimated at 0.09 with sales reaching $97.8M over the same period.The EPS is expected to shrink by -67.89% this year, but quarterly earnings will post 1.74% year-over-year. Quarterly sales are estimated to shrink -0.01% in year-over-year returns.
259.0 institutions hold shares in Gogo Inc (GOGO), with institutional investors hold 102.02% of the company’s shares. The shares outstanding are 128.46M, and float is at 61.83M with Short Float at 30.85%. Institutions hold 73.27% 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).
