In the last trading session, 1.11 million shares of the Gogo Inc (NASDAQ:GOGO) were traded, and its beta was 1.11. Most recently the company’s share price was $6.42, and it changed around $0.07 or 1.10% from the last close, which brings the market valuation of the company to $815.02M. GOGO currently trades at a discount to its 52-week high of $12.01, offering almost -87.07% off that amount. The share price’s 52-week low was $6.17, which indicates that the current value has risen by an impressive 3.89% since then. We note from Gogo Inc’s average daily trading volume that its 10-day average is 1.26 million shares, with the 3-month average coming to 1.00 million.

Gogo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 2 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended GOGO as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Gogo Inc is expected to report earnings per share of 0.05 for the current quarter.

Gogo Inc (NASDAQ:GOGO) trade information

Instantly GOGO has showed a green trend with a performance of 1.10% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.89 on recent trading dayincreased the stock’s daily price by 6.82%. The company’s shares are currently down -36.62% year-to-date, but still down -5.73% over the last five days. On the other hand, Gogo Inc (NASDAQ:GOGO) is -16.95% down in the 30-day period. We can see from the shorts that 11.38 million shares have been sold at a short interest cover period of 10.72 day(s).

The consensus price target as assigned by Wall Street analysts is $15.25, which translates to bulls needing to increase their stock price by 57.9% from its current value. Analyst projections state that GOGO is forecast to be at a low of $15 and a high of $15.5.

Gogo Inc (GOGO) estimates and forecasts

Gogo Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -26.63 percent over the past six months and at a -69.72% annual growth rate that is well below the industry average of 4.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -68.80% in revenue this quarter, and will report a decrease of -54.50% in the next quarter. The year-over-year growth rate is expected to be 0.80%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 97.3M in revenue for the current quarter. 4 analysts expect Gogo Inc to make 97.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 97.95M and 97.81M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.70%. Forecasts for the next quarter put sales growth at -0.50%.

Gogo Inc earnings are expected to increase by -70.03% in 2024, but the outlook is positive 6.30% per year for the next five years.

GOGO Dividends

Gogo Inc’s next quarterly earnings report is expected to be released in November.

Gogo Inc (NASDAQ:GOGO)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 27.92% of Gogo Inc shares, and 74.58% of them are in the hands of institutional investors. The stock currently has a share float of 103.47%. Gogo Inc stock is held by 253.0 institutions, with GTCR LLC being the largest institutional investor. By 2024-06-30, it held 24.5521% of the shares, which is about 31.74 million shares worth $305.33 million.

BLACKROCK INC., with 7.6173% or 9.85 million shares worth $94.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.