Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) shares, rose in value on Friday, May 13, with the stock price up by 8.42% to the previous day’s close as strong demand from buyers drove the stock to $5.41.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.99, falling within a range of $4.83 and $5.17. The value of beta (5-year monthly) is 1.70. Referring to stock’s 52-week performance, its high was $11.42, and the low was $4.78. On the whole, GOL has fluctuated by -29.78% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.58, which is expected to increase to -$0.13 for fiscal year -$4.09 and then to about -$0.73 by fiscal year 2022. Data indicates that the EPS growth is expected to be 37.40% in 2022, while the next year’s EPS growth is forecast to be 82.20%.
Analysts have estimated the company’s revenue for the quarter at $469.51 million, with a low estimate of $419.41 million and a high estimate of $549.46 million. According to the average forecast, sales growth in current quarter could jump up 34.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $1.26 billion, representing an increase of 1.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GOL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GOL currently trading nearly -9.70% and -13.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.20, while the 7-day volatility ratio is showing 6.44% which for the 30-day chart, stands at 5.84%. Furthermore, Gol Linhas Aereas Inteligentes S.A. (GOL)’s beta value is 0.95, and its average true range (ATR) is 0.37.
A comparison of Gol Linhas Aereas Inteligentes S.A. (GOL) with its peers suggests the former has fared considerably weaker in the market. GOL showed an intraday change of 8.42% in today’s session so far, and over the past year, it shrunk by -45.02%%. In comparison, Delta Air Lines Inc. (DAL) has moved higher at 2.97% today and is down -16.60% over the past 12 months. Additionally, there is a gain of 0.62% for Copa Holdings S.A. (CPA) in recent trading while the stock has seen an overall depriciation of -15.03%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.06%. Meanwhile, the Dow Jones Industrial Improved by 1.40%.
Data on historical trading for Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) indicates that the trading volumes over the past 10 days have averaged 2.43 million and over the past 3 months, they’ve averaged 2.15 million. According to company’s latest data on outstanding shares, there are 197.50 million shares outstanding.
Nearly 64.00% of Gol Linhas Aereas Inteligentes S.A.’s shares belong to company insiders and institutional investors own 12.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.8 million shares as on Dec 14, 2021, resulting in a short ratio of 2.08. According to the data, the short interest in Gol Linhas Aereas Inteligentes S.A. (GOL) stood at 2.94% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 6.21 million. The stock has fallen by -17.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOL stock heading into the next quarter.