Gogo Inc (NASDAQ: GOGO) is -20.02% 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 $6.86 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $6.47, the stock is -11.24% and -16.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.58 million and changing -5.69% at the moment leaves the stock -19.25% off its SMA200. GOGO registered -30.65% loss for a year compared to 6-month gain of -13.15%. The firm has a 50-day simple moving average (SMA 50) of $7.7563 and a 200-day simple moving average (SMA200) of $8.0119.
The stock witnessed a -24.06% loss in the last 1 month and extending the period to 3 months gives it a -17.58%, and is -3.43% 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 11.73% over the week and 7.22% over the month.
Gogo Inc (GOGO) has around 790 employees, a market worth around $813.80M and $444.71M in sales. Current P/E ratio is 65.49 and Fwd P/E is 9.51. Profit margin for the company is 3.09%. Distance from 52-week low is 4.86% and -41.18% from its 52-week high. The company has generated returns on investments over the last 12 months (1.42%).
with sales reaching $214.93M over the same period.The EPS is expected to grow by 220.00% this year, but quarterly earnings will post 76.45% year-over-year. Quarterly sales are estimated to grow 106.02% in year-over-year returns.
Gogo Inc (GOGO) Top Institutional Holders
267.0 institutions hold shares in Gogo Inc (GOGO), with institutional investors hold 108.90% of the company’s shares. The shares outstanding are 130.92M, and float is at 61.09M with Short Float at 39.51%. Institutions hold 80.64% 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 24.7391% 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
#####
