Gogo Inc (NASDAQ:GOGO)’s traded shares stood at 1.61 million during the last session, with the company’s beta value hitting 1.17. At the close of trading, the stock’s price was $7.54, to imply a decrease of -5.87% or -$0.47 in intraday trading. The GOGO share’s 52-week high remains $11.17, putting it -48.14% down since that peak but still an impressive 18.17% since price per share fell to its 52-week low of $6.17. The company has a valuation of $948.37M, with an average of 2.35 million shares in intraday trading volume over the past 10 days and average of 1.31 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Gogo Inc (GOGO), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GOGO a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.09.
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Gogo Inc (NASDAQ:GOGO) trade information
After registering a -5.87% downside in the last session, Gogo Inc (GOGO) has traded red over the past five days. The 5-day price performance for the stock is -5.87%, and 3.43% over 30 days. With these gigs, the year-to-date price performance is -25.57%. Short interest in Gogo Inc (NASDAQ:GOGO) saw shorts transact 16.75 million shares and set a 13.34 days time to cover.
The extremes give us $15 and $15.5 for target low and target high price respectively. As such, GOGO has been trading -105.57% off suggested target high and -98.94% from its likely low.
Gogo Inc (GOGO) estimates and forecasts
Looking at statistics comparing Gogo Inc share performance against respective industry, we note that the company has underperformed competitors. Gogo Inc (GOGO) shares are -29.99% down over the last 6 months, with its year-to-date growth rate lower than industry average at -67.89% against 4.30%. Revenue is forecast to shrink -18.18% this quarter before falling -30.03% for the next one. The rating firms project that company’s revenue will grow 1.45% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 97.8M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 100.04M.Earnings reports from the last fiscal year show that sales brought in 97.81M and 104.32M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.01% before dropping -4.11% in the following quarter.
GOGO Dividends
Gogo Inc has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Gogo Inc (NASDAQ:GOGO)’s Major holders
Gogo Inc insiders hold 28.18% of total outstanding shares, with institutional holders owning 73.13% of the shares at 101.83% float percentage. In total, 73.13% institutions holds shares in the company, led by GTCR LLC. As of 2024-06-30, the company held over 31.74 million shares (or 24.5521% of shares), all amounting to roughly $305.33 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 9.85 million shares, or about 7.6173% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $94.73 million.
