Gogo Inc (NASDAQ:GOGO) has a beta value of -20.77% and has seen 2.04 shares traded in the last trading session. The company, currently valued at $1.87B, closed the last trade at $14.40 per share which meant it gained $0.65 on the day or 14.15% during that session. The GOGO stock price is -4.86% off its 52-week high price of $15.10 and 57.15% 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 2.26 million shares traded. The 3-month trading volume is 1.45 shares.
The consensus among analysts is that Gogo Inc (GOGO) is Buy stock at the moment, with a recommendation rating of 74.42. 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.
Gogo Inc (NASDAQ:GOGO) trade information
Sporting 14.15% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GOGO stock price touched $14.40 or saw a rise of 4.64%. Year-to-date, Gogo Inc shares have moved 52.31%, while the 5-day performance has seen it change 17.52%. Over the past 30 days, the shares of Gogo Inc (NASDAQ:GOGO) have changed 15.23%. Short interest in the company has seen 21.6 million shares shorted with days to cover at 9.17.
Wall Street analysts have a consensus price target for the stock at $16.5, which means that the shares’ value could jump 12.73% from current levels. The projected low price target is $16.5 while the price target rests at a high of $16.5. In that case, then, we find that the current price level is -14.58% off the targeted high while a plunge would see the stock gain -14.58% from current levels.
Gogo Inc (GOGO) estimates and forecasts
The company’s shares have gained 77.76% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -55.51% – over the past 5 years. Earnings growth for 2025 is a modest 353.33% while over the next 5 years, the company’s earnings are expected to increase by 109.16%.
GOGO Dividends
Gogo Inc is expected to release its next earnings report on 2025-May-09 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 24.82% of the company shares, while shares held by institutions stand at 76.27% with a share float percentage of 101.45%. Investors are also buoyed by the number of investors in a company, with Gogo Inc having a total of 245.0 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.
