In last trading session, Gogo Inc (NASDAQ:GOGO) saw 1.83 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $7.93 trading at -$0.09 or -1.12% at ring of the bell on the day assigns it a market valuation of $997.43M. That closing price of GOGO’s stock is at a discount of -40.86% from its 52-week high price of $11.17 and is indicating a premium of 22.19% from its 52-week low price of $6.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.03 million shares which gives us an average trading volume of 1.28 million if we extend that period to 3-months.

For Gogo Inc (GOGO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.

Gogo Inc (NASDAQ:GOGO) trade information

Upright in the red during last session for losing -1.12%, in the last five days GOGO remained trading in the green while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $7.93 price level, adding 12.08% to its value on the day. Gogo Inc’s shares saw a change of -21.72% in year-to-date performance and have moved 21.07% in past 5-day. Gogo Inc (NASDAQ:GOGO) showed a performance of 21.81% in past 30-days. Number of shares sold short was 15.45 million shares which calculate 12.49 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 15.25 to the stock, which implies a rise of 48.0% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 15.5. It follows that stock’s current price would drop -89.16% in reaching the projected high whereas dropping to the targeted low would mean a loss of -89.16% for stock’s current value.

Gogo Inc (GOGO) estimates and forecasts

Statistics highlight that Gogo Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -22.25% of value to its shares in past 6 months, showing an annual growth rate of -68.81% while that of industry is 3.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.50% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 97.35M for the same. And 2 analysts are in estimates of company making revenue of 100.04M in the next quarter. Company posted 97.81M and 104.32M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -67.89% while estimates for its earnings growth in next 5 years are of 6.30%.

Gogo Inc (NASDAQ:GOGO)’s Major holders

Insiders are in possession of 28.18% of company’s total shares while institution are holding 74.23 percent of that, with stock having share float percentage of 103.36%. Investors also watch the number of corporate investors in a company very closely, which is 74.23% institutions for Gogo Inc that are currently holding shares of the company. GTCR LLC is the top institutional holder at GOGO for having 31.74 million shares of worth $305.33 million. And as of 2024-06-30, it was holding 24.5521 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 9.85 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.6173 of outstanding shares, having a total worth of $94.73 million.