Gogo Inc (NASDAQ:GOGO) price on Thursday, February 06, rose 0.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.32.
A look at the stock’s price movement, the close in the last trading session was $8.25, moving within a range at $8.2 and $8.405. The beta value (5-Year monthly) was 1.103 while the PE ratio in trailing twelve months stood at 19.48. Turning to its 52-week performance, $11.17 and $6.17 were the 52-week high and 52-week low respectively. Overall, GOGO moved 10.05% over the past month.
Gogo Inc’s market cap currently stands at around $1.05 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 97.8M for the company’s revenue for the quarter, with a low and high estimate of 95.78M and 99.13M respectively. The average forecast suggests down to a -0.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 404.5M, representing a 1.74% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GOGO is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 25% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend GOGO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GOGO’s current price about 2.61% and 4.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.91, while 7-day volatility ratio is 3.85% and 5.20% in the 30-day chart. Further, Gogo Inc (GOGO) has a beta value of 0.99, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $15.5, forecast between a low of $15.5 and high of $15.5. Looking at the price targets, the low is -86.3% off current price level while to achieve the yearly target high, price needs to move -86.3%. Nonetheless, investors will most likely welcome a -86.3% jump to $15.5 which is the analysts’ median price.
If we refocus on Gogo Inc (NASDAQ:GOGO), historical trading data shows that trading volumes averaged 0.96 over the past 10 days and 1.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 126.14 million shares.
The 51.40% of Gogo Inc’s shares are in the hands of company insiders while institutional holders own 55.74% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.94 million on 2025-01-15, giving us a short ratio of 18.58. The data shows that as of 2025-01-15 short interest in Gogo Inc (GOGO) stood at 3086.0 of shares outstanding, with shares short rising to 20.45 million registered in 2024-12-13. Current price change has pushed the stock 2.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GOGO stock continues to rise going into the next quarter.
