In the latest trading session, 0.7 million Gogo Inc (NASDAQ:GOGO) shares changed hands as the company’s beta touched 1.15. With the company’s most recent per share price at $7.61 changed hands at -$0.49 or -5.99% at last look, the market valuation stands at $957.81M. GOGO’s current price is a discount, trading about -46.78% off its 52-week high of $11.17. The share price had its 52-week low at $6.17, which suggests the last value was 18.92% up since then. When we look at Gogo Inc’s average trading volume, we note the 10-day average is 1.02 million shares, with the 3-month average coming to 1.30 million.

Analysts gave the Gogo Inc (GOGO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GOGO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Gogo Inc’s EPS for the current quarter is expected to be 0.09.

Gogo Inc (NASDAQ:GOGO) trade information

Instantly GOGO was in red as seen in intraday trades today. With action -9.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -24.83%, with the 5-day performance at -9.45% in the red. However, in the 30-day time frame, Gogo Inc (NASDAQ:GOGO) is 14.34% up. Looking at the short shares, we see there were 19.08 million shares sold at short interest cover period of 11.65 days.

The consensus price target for the stock as assigned by Wall Street analysts is 15.25, meaning bulls need an upside of 50.1% from its recent market value. According to analyst projections, GOGO’s forecast low is 15 with 15.5 as the target high. To hit the forecast high, the stock’s price needs a -103.68% plunge from its current level, while the stock would need to soar -97.11% for it to hit the projected low.

Gogo Inc (GOGO) estimates and forecasts

Data shows that the Gogo Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -28.36% over the past 6 months, a -66.97% in annual growth rate that is considerably lower than the industry average of -1.70%. Year-over-year growth is forecast to reach 1.74% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 97.8M. 2 analysts are of the opinion that Gogo Inc’s revenue for the current quarter will be 100.04M. The company’s revenue for the corresponding quarters a year ago was 97.81M and 104.32M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.01%. The estimates for the next quarter sales put growth at -4.11%.

The 2024 estimates are for Gogo Inc earnings to decrease by -67.89%, but the outlook for the next 5-year period is at 6.30% per year.

GOGO Dividends

Gogo Inc is expected to release its next quarterly earnings report in January.

Gogo Inc (NASDAQ:GOGO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 28.18% of Gogo Inc shares while 73.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.02%. There are 73.27% institutions holding the Gogo Inc stock share, with GTCR LLC the top institutional holder. As of 2024-06-30, the company held 24.5521% of the shares, roughly 31.74 million GOGO shares worth $305.33 million.

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

Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 4.12 shares estimated at $30.86 million under it, the former controlled 3.27% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.65% of the shares, roughly 2.07 shares worth around $15.55 million.