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With 11.61% Distance From Low, Could Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) Post Further Gains?

In last trading session, Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) saw 1.56 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $3.10 trading at -$0.02 or -0.64% at ring of the bell on the day assigns it a market valuation of $638.41M. That closing price of GOL’s stock is at a discount of -156.13% from its 52-week high price of $7.94 and is indicating a premium of 11.61% from its 52-week low price of $2.74. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.92 million shares which gives us an average trading volume of 1.84 million if we extend that period to 3-months.

For Gol Linhas Aereas Inteligentes S.A. (GOL), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 16 analysts covering the stock, 4 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 5 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.07 in the current quarter.

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Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) trade information

Upright in the red during last session for losing -0.64%, in the last five days GOL remained trading in the red while hitting it’s week-highest on Monday, 11/21/22 when the stock touched $3.10 price level, adding 6.91% to its value on the day. Gol Linhas Aereas Inteligentes S.A.’s shares saw a change of -48.74% in year-to-date performance and have moved -0.64% in past 5-day. Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) showed a performance of -4.62% in past 30-days. Number of shares sold short was 4.82 million shares which calculate 2.77 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5.90 to the stock, which implies a rise of 47.46% to its current value. Analysts have been projecting $2.73 as a low price target for the stock while placing it at a high target of $11.71. It follows that stock’s current price would drop -277.74% in reaching the projected high whereas dropping to the targeted low would mean a gain of 11.94% for stock’s current value.

Gol Linhas Aereas Inteligentes S.A. (GOL) estimates and forecasts

Statistics highlight that Gol Linhas Aereas Inteligentes S.A. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -49.76% of value to its shares in past 6 months, showing an annual growth rate of 64.52% while that of industry is 19.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 97.20% in the current quarter and calculating -105.20% decrease in the next quarter. This year revenue growth is estimated to rise 108.70% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $898.09 million for the same. And 3 analysts are in estimates of company making revenue of $839.11 million in the next quarter that will end on Mar 2023. Company posted $523.26 million and $617.17 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 71.60% while estimating it to be 36.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -57.80% during past 5 years.

GOL Dividends

Gol Linhas Aereas Inteligentes S.A. is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 9.41 percent of that, with stock having share float percentage of 9.41%. Investors also watch the number of corporate investors in a company very closely, which is 9.41% institutions for Gol Linhas Aereas Inteligentes S.A. that are currently holding shares of the company. U.S. Global Investors, Inc. is the top institutional holder at GOL for having 2.78 million shares of worth $9.48 million. And as of Jun 29, 2022, it was holding 1.65% of the company’s outstanding shares.

The second largest institutional holder is Morgan Stanley, which was holding about 2.67 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 1.59% of outstanding shares, having a total worth of $9.11 million.

On the other hand, ETF Series Solutions-U.S. Global Jets ETF and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 2.78 million shares of worth $9.48 million or 1.65% of the total outstanding shares. The later fund manager was in possession of 0.67 million shares on Jul 30, 2022, making its stake of worth around $2.21 million in the company or a holder of 0.40% of company’s stock.

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