The price of Gogo Inc (NASDAQ: GOGO) closed at $8.45 in the last session, down -0.59% from day before closing price of $8.50. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 994570 shares were traded.
Ratios:
We take a closer look at GOGO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.26. For the most recent quarter (mrq), Quick Ratio is recorded 3.49 and its Current Ratio is at 4.37. In the meantime, Its Debt-to-Equity ratio is 16.65 whereas as Long-Term Debt/Eq ratio is at 16.22.
On November 01, 2022, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $14 to $15.
JP Morgan Upgraded its Underweight to Neutral on October 07, 2021, while the target price for the stock was maintained at $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 14 ’24 when TOWNSEND CHARLES C bought 28,857 shares for $9.03 per share. The transaction valued at 260,613 led to the insider holds 1,740,588 shares of the business.
TOWNSEND CHARLES C bought 186,249 shares of GOGO for $1,566,056 on Mar 01 ’24. The Director now owns 1,711,731 shares after completing the transaction at $8.41 per share. On Feb 29 ’24, another insider, TOWNSEND CHARLES C, who serves as the Director of the company, bought 103,405 shares for $8.17 each. As a result, the insider paid 844,788 and bolstered with 1,525,482 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GOGO now has a Market Capitalization of 1.09B and an Enterprise Value of 1.63B. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.73, and their Forward P/E ratio for the next fiscal year is 17.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.72 while its Price-to-Book (P/B) ratio in mrq is 26.65. Its current Enterprise Value per Revenue stands at 4.09 whereas that against EBITDA is 9.46.
Stock Price History:
Over the past 52 weeks, GOGO has reached a high of $17.94, while it has fallen to a 52-week low of $7.76. The 50-Day Moving Average of the stock is 8.97, while the 200-Day Moving Average is calculated to be 11.66.
Shares Statistics:
According to the various share statistics, GOGO traded on average about 975.98K shares per day over the past 3-months and 1.19M shares per day over the past 10 days. A total of 128.46M shares are outstanding, with a floating share count of 60.86M. Insiders hold about 52.48% of the company’s shares, while institutions hold 45.05% stake in the company. Shares short for GOGO as of Feb 29, 2024 were 9.17M with a Short Ratio of 9.39, compared to 8.19M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.16% and a Short% of Float of 14.09%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.04, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.07, with high estimates of $0.08 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.44 and $0.26 for the fiscal current year, implying an average EPS of $0.33. EPS for the following year is $0.58, with 5 analysts recommending between $0.9 and $0.37.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $96.56M. It ranges from a high estimate of $100.5M to a low estimate of $93.53M. As of the current estimate, Gogo Inc’s year-ago sales were $98.6M, an estimated decrease of -2.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $100.43M, a decrease of -2.70% less than the figure of -$2.10% in the same quarter last year. There is a high estimate of $105.9M for the next quarter, whereas the lowest estimate is $95.07M.
A total of 6 analysts have provided revenue estimates for GOGO’s current fiscal year. The highest revenue estimate was $421.9M, while the lowest revenue estimate was $411.52M, resulting in an average revenue estimate of $415.8M. In the same quarter a year ago, actual revenue was $397.58M, up 4.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $487.83M in the next fiscal year. The high estimate is $504.7M and the low estimate is $460.71M. The average revenue growth estimate for next year is up 17.30% from the average revenue estimate for this year.
