Gogo Inc (NASDAQ:GOGO) price on Thursday, February 27, fall -2.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.28.
A look at the stock’s price movement, the close in the last trading session was $7.49. The PE ratio in trailing twelve months stood at 17.05. Turning to its 52-week performance, $11.00 and $6.17 were the 52-week high and 52-week low respectively. Overall, GOGO moved -14.55% over the past month.
Gogo Inc’s market cap currently stands at around $915.68 million, 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 Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 -9.32% and -8.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.82, while 7-day volatility ratio is 5.96% and 5.45% in the 30-day chart. Further, Gogo Inc (GOGO) has a beta value of 1.00, and an average true range (ATR) of 0.45. 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 -112.91% off current price level while to achieve the yearly target high, price needs to move -112.91%. Nonetheless, investors will most likely welcome a -112.91% 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 1.09 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 54.71% of the company’s shares. Current price change has pushed the stock -10.01% 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.
