In the last trading session, 1.12 million shares of the Gogo Inc (NASDAQ:GOGO) were traded, and its beta was 0.98. Most recently the company’s share price was $7.11, and it changed around $0.03 or 0.42% from the last close, which brings the market valuation of the company to $933.90M. GOGO currently trades at a discount to its 52-week high of $11.00, offering almost -54.71% off that amount. The share price’s 52-week low was $6.17, which indicates that the current value has risen by an impressive 13.22% since then. We note from Gogo Inc’s average daily trading volume that its 10-day average is 1.96 million shares, with the 3-month average coming to 1.54 million.
Gogo Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended GOGO as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Gogo Inc (NASDAQ:GOGO) trade information
Instantly GOGO has showed a green trend with a performance of 0.42% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.82 on recent trading dayincreased the stock’s daily price by 9.08%. The company’s shares are currently down -12.11% year-to-date, but still up 0.28% over the last five days. On the other hand, Gogo Inc (NASDAQ:GOGO) is 3.64% up in the 30-day period. We can see from the shorts that 24.85 million shares have been sold at a short interest cover period of 12.12 day(s).
The consensus price target as assigned by Wall Street analysts is $15.25, which translates to bulls needing to increase their stock price by 53.38% from its current value. Analyst projections state that GOGO is forecast to be at a low of $15 and a high of $15.5.
GOGO Dividends
Gogo Inc’s next quarterly earnings report is expected to be released on 2025-Mar-13.
Gogo Inc (NASDAQ:GOGO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.93% of Gogo Inc shares, and 77.19% of them are in the hands of institutional investors. The stock currently has a share float of 102.82%. Gogo Inc stock is held by 265.0 institutions, with GTCR LLC being the largest institutional investor. By 2024-06-30, it held 24.7391% of the shares, which is about 31.74 million shares worth $305.33 million.
BLACKROCK INC., with 7.6753% or 9.85 million shares worth $94.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Securities Fund-Fidelity Small Cap Growth Fund and iShares Trust-iShares Core S&P Small-Cap ETF were the top two Mutual Funds as of Jan 31, 2025 . The former held 4.17 shares worth $29.64 million, making up 3.17% of all outstanding shares. On the other hand, iShares Trust-iShares Core S&P Small-Cap ETF held roughly 3.65 shares worth around $25.99 million, which represents about 2.78% of the total shares outstanding.
