The trading price of Gogo Inc (NASDAQ:GOGO) closed higher on current market day and closing at $7.90, 1.54% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $7.67 and $8.04. The company’s P/E ratio in the trailing 12-month period was 18.50, while its 5Y monthly beta was 1.103. In examining the 52-week price action we see that the stock hit a 52-week high of $11.17 and a 52-week low of $6.17. Over the past month, the stock has gained 16.18% in value.
Gogo Inc, whose market valuation is $993.65 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.09 per share this quarter, however they have predicted annual earnings per share of 0.66 for current year and 0.59 for next year.
Analysts have forecast the company to bring in revenue of 97.8M for the current quarter, with the likely lows of 95.78M and highs of 99.13M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 403.34M.
On the technical side, indicators suggest GOGO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GOGO a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Gogo Inc (GOGO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.94, which symbolizes a positive outlook. A quick review shows that GOGO’s price is currently 5.26% off the SMA20 and 10.91% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.46, and weekly volatility stands at 4.74%. When measured over the past 30 days, the indicator reaches 5.15%. Gogo Inc (NASDAQ:GOGO)’s beta value is currently sitting at 1.15, while the Average True Range indicator is currently displaying 0.43. With analysts defining $15-$15.5 as the low and high price targets, we arrive at a consensus price target of $15.25 for the trailing 12-month period. The current price is about -89.87% off the estimated low and -96.2% off the forecast high, based on this estimate. Investors will be thrilled if GOGO’s share price rises to $15.25, which is the median consensus price. At that level, GOGO’s share price would be -93.04% below current price.
To see how Gogo Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GOGO stock’s performance was 1.54% in the latest trading, and -25.05% in the past year. Gogo Inc has a P/E ratio of 18.50.
An evaluation of the daily trading volume of Gogo Inc (NASDAQ:GOGO) indicates that the 3-month average is 1.31 million. However, this figure has increased over the past 10 days to an average of 2.39.
Currently, records show that 128.46 million of the company’s shares remain outstanding. The insiders hold 50.84% of outstanding shares, whereas institutions hold 47.46%. The stats also highlight that short interest as of 2024-10-31, stood at 16.75 million shares, resulting in a short ratio of 13.34 at that time. From this, we can conclude that short interest is 2665.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 12.46 million. However, since the stock’s price has seen -22.01% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
