Gogo Inc (NASDAQ:GOGO) shares, rose in value on Friday, January 03, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $8.24.
Actively observing the price movement in the last trading, the stock closed the session at $8.30, falling within a range of $8.23 and $8.48. The value of beta (5-year monthly) was 1.103 whereas the PE ratio was 19.30 over 12-month period. Referring to stock’s 52-week performance, its high was $11.17, and the low was $6.17. On the whole, GOGO has fluctuated by 11.28% over the past month.
With the market capitalization of Gogo Inc currently standing at about $1.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOGO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 3.06, with the price of GOGO currently trading nearly 5.63% and 6.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.89, while the 7-day volatility ratio is showing 3.89% which for the 30-day chart, stands at 4.33%. Furthermore, Gogo Inc (GOGO)’s beta value is 1.13, and its average true range (ATR) is 0.36.
A comparison of Gogo Inc (GOGO) with its peers suggests the former has fared considerably weaker in the market. GOGO showed an intraday change of -0.72% in last session, and over the past year, it shrunk by -13.26%%.
Data on historical trading for Gogo Inc (NASDAQ:GOGO) indicates that the trading volumes over the past 10 days have averaged 1.16 and over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 126.14 million shares outstanding.
Nearly 51.32% of Gogo Inc’s shares belong to company insiders and institutional investors own 47.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.45 million shares as on 2024-12-13, resulting in a short ratio of 17.73. According to the data, the short interest in Gogo Inc (GOGO) stood at 3014.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 19.08 million. The stock has risen by 1.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOGO stock heading into the next quarter.
