Gogo Inc (NASDAQ: GOGO) is -15.45% lower on its value in year-to-date trading and has touched a low of $6.17 and a high of $11.00 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 $7.05 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $6.84, the stock is -11.40% and -13.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -2.98% at the moment leaves the stock -16.00% off its SMA200. GOGO registered -18.67% loss for a year compared to 6-month gain of -14.07%.
The stock witnessed a -16.38% loss in the last 1 month and extending the period to 3 months gives it a -15.56%, and is -6.04% 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 6.63% over the week and 5.80% over the month.
Gogo Inc (GOGO) has around 457 employees, a market worth around $860.33M and $404.72M in sales. Current P/E ratio is 16.02 and Fwd P/E is 18.16. Profit margin for the company is 13.94%. Distance from 52-week low is 10.86% and -37.82% from its 52-week high. The company has generated returns on investments over the last 12 months (8.01%).
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.
The shares outstanding are 126.14M, and float is at 61.12M with Short Float at 37.92%.
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 24.7391 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.
