Gogo Inc (NASDAQ:GOGO) has a beta value of 0.59 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $1.12B, closed the recent trade at $8.54 per share which meant it lost -$0.08 on the day or -0.94% during that session. The GOGO stock price is -28.81% off its 52-week high price of $11.00 and 27.75% above the 52-week low of $6.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.36 million shares traded. The 3-month trading volume is 1.41 million shares.
The consensus among analysts is that Gogo Inc (GOGO) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.08.
Gogo Inc (NASDAQ:GOGO) trade information
Sporting -0.94% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GOGO stock price touched $8.54 or saw a rise of 4.79%. Year-to-date, Gogo Inc shares have moved 5.55%, while the 5-day performance has seen it change -0.94%. Over the past 30 days, the shares of Gogo Inc (NASDAQ:GOGO) have changed 21.55%. Short interest in the company has seen 24.28 million shares shorted with days to cover at 16.58.
Wall Street analysts have a consensus price target for the stock at $15.25, which means that the shares’ value could jump 44.0% from the levels at last check today. The projected low price target is $15.0 while the price target rests at a high of $15.5. In that case, then, we find that the latest price level in today’s session is -81.5% off the targeted high while a plunge would see the stock gain -75.64% from the levels at last check today.
Gogo Inc (GOGO) estimates and forecasts
The company’s shares have gained 17.94% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 100.00%.
3 analysts offering their estimates for the company have set an average revenue estimate of 214.93M for the current quarter. 3 have an estimated revenue figure of 217.21M for the next ending quarter. Year-ago sales stood 104.32M and 102.06M respectively for this quarter and the next, and analysts expect sales will grow by 106.02% for the current quarter and 100.00% for the next.
GOGO Dividends
Gogo Inc is expected to release its next earnings report on 2025-Mar-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Gogo Inc (NASDAQ:GOGO)’s Major holders
Insiders own 24.88% of the company shares, while shares held by institutions stand at 77.23% with a share float percentage of 102.81%. Investors are also buoyed by the number of investors in a company, with Gogo Inc having a total of 268.0 institutions that hold shares in the company. The top two institutional holders are GTCR LLC with over 31.74 million shares worth more than $305.33 million. As of 2024-06-30, GTCR LLC held 24.7391% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 9.85 million shares as of 2024-06-30. The firm’s total holdings are worth over $94.73 million and represent 7.6753% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Securities Fund-Fidelity Small Cap Growth Fund and iShares Trust-iShares Core S&P Small-Cap ETF. As of Dec 31, 2024, the former fund manager holds about 3.17% shares in the company for having 4.17 shares of worth $35.75 million while later fund manager owns 3.81 shares of worth $32.65 million as of Feb 28, 2025, which makes it owner of about 2.90% of company’s outstanding stock.
