Gogo Inc (NASDAQ:GOGO) price on Thursday, April 10, fall -7.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.11.
A look at the stock’s price movement, the close in the last trading session was $7.66, moving within a range at $7.035 and $7.5. The beta value (5-Year monthly) was 0.592 while the PE ratio in trailing twelve months stood at 71.96. Turning to its 52-week performance, $11.00 and $6.17 were the 52-week high and 52-week low respectively. Overall, GOGO moved 2.30% over the past month.
Gogo Inc’s market cap currently stands at around $933.90 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-13.
Analysts have a consensus estimate of 214.93M for the company’s revenue for the quarter, with a low and high estimate of 213.41M and 216.4M respectively. The average forecast suggests up to a 106.02% 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 889.42M, representing a 100.00% 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% Sell. On the other hand, the stock is on average a 50% Sell 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 -8.72% and -7.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.80, while 7-day volatility ratio is 14.75% and 9.68% in the 30-day chart. Further, Gogo Inc (GOGO) has a beta value of 0.94, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $15.25, forecast between a low of $15 and high of $15.5. Looking at the price targets, the low is -110.97% off current price level while to achieve the yearly target high, price needs to move -118.0%. Nonetheless, investors will most likely welcome a -114.49% jump to $15.25 which is the analysts’ median price.
If we refocus on Gogo Inc (NASDAQ:GOGO), historical trading data shows that trading volumes averaged 2.03 over the past 10 days and 1.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 130.92 million shares.
The 51.73% of Gogo Inc’s shares are in the hands of company insiders while institutional holders own 52.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.28 million on 2025-03-14, giving us a short ratio of 16.58. The data shows that as of 2025-03-14 short interest in Gogo Inc (GOGO) stood at 3548.0000000000005 of shares outstanding, with shares short rising to 23.18 million registered in 2025-02-14. Current price change has pushed the stock -12.11% 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.
