As of close of business last night, Gogo Inc’s stock clocked out at $8.30, down -5.14% from its previous closing price of $8.75. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 2206656 shares were traded. GOGO stock price reached its highest trading level at $8.82 during the session, while it also had its lowest trading level at $8.03.
Ratios:
To gain a deeper understanding of GOGO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.37. For the most recent quarter (mrq), Quick Ratio is recorded 3.58 and its Current Ratio is at 4.59. In the meantime, Its Debt-to-Equity ratio is 20.28 whereas as Long-Term Debt/Eq ratio is at 19.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on November 01, 2022, Upgraded its rating to Equal-Weight and sets its target price to $15 from $14 previously.
On October 07, 2021, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $16.
Morgan Stanley Downgraded its Equal-Weight to Underweight on October 06, 2021, whereas the target price for the stock was revised from $13 to $14.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 07 when Jackson Karen sold 86,292 shares for $10.26 per share. The transaction valued at 885,498 led to the insider holds 39,556 shares of the business.
Jackson Karen sold 33,077 shares of GOGO for $342,562 on Nov 15. The EVP, Chief People Exp. Officer now owns 86,279 shares after completing the transaction at $10.36 per share.
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 1.07B and an Enterprise Value of 1.64B. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.96, and their Forward P/E ratio for the next fiscal year is 16.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 31.88. Its current Enterprise Value per Revenue stands at 4.01 whereas that against EBITDA is 9.04.
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 $8.41. The 50-Day Moving Average of the stock is 9.36, while the 200-Day Moving Average is calculated to be 12.23.
Shares Statistics:
It appears that GOGO traded 851.72K shares on average per day over the past three months and 927.91k shares per day over the past ten days. A total of 127.84M shares are outstanding, with a floating share count of 61.65M. Insiders hold about 52.15% of the company’s shares, while institutions hold 44.74% stake in the company. Shares short for GOGO as of Feb 15, 2024 were 8.18M with a Short Ratio of 9.61, compared to 8.41M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.35% and a Short% of Float of 12.42%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.09, while EPS last year was $0.21. The consensus estimate for the next quarter is $0.11, with high estimates of $0.12 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.23 and $1.07 for the fiscal current year, implying an average EPS of $1.11. EPS for the following year is $0.48, with 5 analysts recommending between $0.59 and $0.41.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $96.49M. It ranges from a high estimate of $98.97M to a low estimate of $94.8M. As of the current estimate, Gogo Inc’s year-ago sales were $108.16M, an estimated decrease of -10.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $97.14M, a decrease of -1.50% over than the figure of -$10.80% in the same quarter last year. There is a high estimate of $100.52M for the next quarter, whereas the lowest estimate is $95.4M.
A total of 6 analysts have provided revenue estimates for GOGO’s current fiscal year. The highest revenue estimate was $398.73M, while the lowest revenue estimate was $394.6M, resulting in an average revenue estimate of $396.39M. In the same quarter a year ago, actual revenue was $404.07M, down -1.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $424.16M in the next fiscal year. The high estimate is $441M and the low estimate is $402.42M. The average revenue growth estimate for next year is up 7.00% from the average revenue estimate for this year.
