In the last trading session, 1.95 million Gogo Inc (NASDAQ:GOGO) shares changed hands as the company’s beta touched 1.00. With the company’s per share price at $6.62 changed hands at -$0.47 or -6.63% during last session, the market valuation stood at $869.54M. GOGO’s last price was a discount, traded about -66.16% off its 52-week high of $11.00. The share price had its 52-week low at $6.17, which suggests the last value was 6.8% up since then. When we look at Gogo Inc’s average trading volume, we note the 10-day average is 1.84 million shares, with the 3-month average coming to 1.49 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 0.08.
Gogo Inc (NASDAQ:GOGO) trade information
Instantly GOGO was in red as seen at the end of in last trading. With action -21.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.17%, with the 5-day performance at -21.38% in the red. However, in the 30-day time frame, Gogo Inc (NASDAQ:GOGO) is -1.19% down. Looking at the short shares, we see there were 24.28 million shares sold at short interest cover period of 16.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15.25, meaning bulls need an upside of 56.59% from its current 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 -134.14% plunge from its current level, while the stock would need to soar -126.59% for it to hit the projected low.
Gogo Inc (GOGO) estimates and forecasts
Year-over-year growth is forecast to reach 100.00% 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 214.93M. 3 analysts are of the opinion that Gogo Inc’s revenue for the current quarter will be 217.21M. The company’s revenue for the corresponding quarters a year ago was 104.32M and 102.06M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 106.02%. The estimates for the next quarter sales put growth at 112.83%.
The 2025 estimates are for Gogo Inc earnings to increase by 250.00%.
GOGO Dividends
Gogo Inc is expected to release its next quarterly earnings report on 2025-Mar-13.
Gogo Inc (NASDAQ:GOGO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.88% of Gogo Inc shares while 77.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 102.81%. There are 77.23% institutions holding the Gogo Inc stock share, with GTCR LLC the top institutional holder. As of 2024-06-30, the company held 24.7391% of the shares, roughly 31.74 million GOGO shares worth $305.33 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.6753% or 9.85 million shares worth $94.73 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Fidelity Securities Fund-Fidelity Small Cap Growth Fund and iShares Trust-iShares Core S&P Small-Cap ETF . With 4.17 shares estimated at $27.6 million under it, the former controlled 3.17% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Small-Cap ETF held about 2.90% of the shares, roughly 3.81 shares worth around $25.2 million.
