Gogo Inc (NASDAQ:GOGO) shares, rose in value on Thursday, March 27, with the stock price up by 0.11% to the previous day’s close as strong demand from buyers drove the stock to $8.71.
Actively observing the price movement in the last trading, the stock closed the session at $8.70, falling within a range of $8.55 and $8.96. The value of beta (5-year monthly) was 1.007 whereas the PE ratio was 88.16 over 12-month period. Referring to stock’s 52-week performance, its high was $11.00, and the low was $6.17. On the whole, GOGO has fluctuated by 16.29% over the past month.
With the market capitalization of Gogo Inc currently standing at about $1.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 889.42M, with a low estimate of 213.41M and a high estimate of 216.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 214.93M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of GOGO currently trading nearly 18.27% and 11.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.87, while the 7-day volatility ratio is showing 7.13% which for the 30-day chart, stands at 8.31%. Furthermore, Gogo Inc (GOGO)’s beta value is 0.61, and its average true range (ATR) is 0.57.
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 0.11% in last session, and over the past year, it grew by 3.08%%.
Data on historical trading for Gogo Inc (NASDAQ:GOGO) indicates that the trading volumes over the past 10 days have averaged 2.83 and over the past 3 months, they’ve averaged 1.39 million. According to company’s latest data on outstanding shares, there are 130.92 million shares outstanding.
Nearly 51.65% of Gogo Inc’s shares belong to company insiders and institutional investors own 52.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.28 million shares as on 2025-03-14, resulting in a short ratio of 16.58. According to the data, the short interest in Gogo Inc (GOGO) stood at 3548.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 23.18 million. The stock has risen by 7.66% 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.
