During the last session, Gogo Inc (NASDAQ:GOGO)’s traded shares were 1.78 million, with the beta value of the company hitting 0.63. At the end of the trading day, the stock’s price was $8.70, reflecting an intraday gain of 0.93% or $0.08. The 52-week high for the GOGO share is $11.00, that puts it down -26.44 from that peak though still a striking 29.08% gain since the share price plummeted to a 52-week low of $6.17. The company’s market capitalization is $1.14B, and the average intraday trading volume over the past 10 days was 2.81 million shares, and the average trade volume was 1.37 million shares over the past three months.
Gogo Inc (GOGO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. GOGO has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.08.
Gogo Inc (NASDAQ:GOGO) trade information
Gogo Inc (GOGO) registered a 0.93% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.93% in intraday trading to $8.70, hitting a weekly high. The stock’s 5-day price performance is 12.99%, and it has moved by 16.00% in 30 days. Based on these gigs, the overall price performance for the year is 2.35%. The short interest in Gogo Inc (NASDAQ:GOGO) is 24.28 million shares and it means that shorts have 16.58 day(s) to cover.
The consensus price target of analysts on Wall Street is $15.25, which implies an increase of 42.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $15.5 respectively. As a result, GOGO is trading at a discount of -78.16% off the target high and -72.41% off the low.
Gogo Inc (GOGO) estimates and forecasts
In the rating firms’ projections, revenue will increase 100.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 214.93M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 217.21M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 104.32M and 102.06M respectively. In this case, analysts expect current quarter sales to grow by 106.02% and then jump by 112.83% in the coming quarter.
While earnings are projected to return 250.00% in 2025.
GOGO Dividends
Gogo Inc is due to release its next quarterly earnings on 2025-Mar-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Gogo Inc (NASDAQ:GOGO)’s Major holders
Gogo Inc insiders own 24.84% of total outstanding shares while institutional holders control 77.23%, with the float percentage being 102.76%. GTCR LLC is the largest shareholder of the company, while 268.0 institutions own stock in it. As of 2024-06-30, the company held over 31.74 million shares (or 24.7391% of all shares), a total value of $305.33 million in shares.
The next largest institutional holding, with 9.85 million shares, is of BLACKROCK INC.’s that is approximately 7.6753% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $94.73 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gogo Inc (GOGO) shares are Fidelity Small Cap Growth Fund and iShares Core S&P Small-Cap ETF . Data provided on Dec 31, 2024 indicates that Fidelity Small Cap Growth Fund owns about 4.17 shares. This amounts to just over 3.17 percent of the company’s overall shares, with a $36.27 million market value. The same data shows that the other fund manager holds slightly less at 3.81, or about 2.90% of the stock, which is worth about $33.12 million.
