In today’s recent session, 2.93 million shares of the Gogo Inc (NASDAQ:GOGO) have been traded, and its beta is 0.97. Most recently the company’s share price was $14.75, and it changed around $2.22 or 17.69% from the last close, which brings the market valuation of the company to $1.95B. GOGO at last check was trading at a discount to its 52-week high of $13.16, offering almost 10.78% off that amount. The share price’s 52-week low was $6.17, which indicates that the recent value has risen by an impressive 58.17% since then. We note from Gogo Inc’s average daily trading volume that its 10-day average is 1.51 million shares, with the 3-month average coming to 1.96 million.
Gogo Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended GOGO as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Gogo Inc (NASDAQ:GOGO) trade information
Instantly GOGO has been showing a green trend so far today with a performance of 17.69% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.10 on recent trading dayincreased the stock’s daily price by 2.32%. The company’s shares are currently up 82.29% year-to-date, but still up 26.91% over the last five days. On the other hand, Gogo Inc (NASDAQ:GOGO) is 20.29% up in the 30-day period. We can see from the shorts that 21.6 million shares have been sold at a short interest cover period of 9.17 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 3.28% 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 Inc earnings are expected to increase by 353.33% in 2025, but the outlook is positive 109.16% per year for the next five years.
GOGO Dividends
Gogo Inc’s next quarterly earnings report is expected to be released on 2025-May-09.
Gogo Inc (NASDAQ:GOGO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.82% of Gogo Inc shares, and 76.27% of them are in the hands of institutional investors. The stock currently has a share float of 101.45%. Gogo Inc stock is held by 246.0 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.
