In the latest session, Gogo Inc (NASDAQ: GOGO) closed at $9.33 up 5.54% from its previous closing price of $8.84. In other words, the price has increased by $+0.49 from its previous closing price. On the day, 2696406 shares were traded.
Ratios:
For a deeper understanding of Gogo Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.06. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 01 ’24 when TOWNSEND CHARLES C bought 186,249 shares for $8.41 per share. The transaction valued at 1,566,056 led to the insider holds 1,711,731 shares of the business.
TOWNSEND CHARLES C bought 103,405 shares of GOGO for $844,788 on Feb 29 ’24. The Director now owns 1,525,482 shares after completing the transaction at $8.17 per share. On Feb 29 ’24, another insider, WILLIAMS HARRIS N, who serves as the Director of the company, bought 12,000 shares for $8.10 each. As a result, the insider paid 97,200 and bolstered with 20,990 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 1.20B and an Enterprise Value of 1.74B. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.53, and their Forward P/E ratio for the next fiscal year is 18.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 29.43. Its current Enterprise Value per Revenue stands at 4.36 whereas that against EBITDA is 10.09.
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 9.10, while the 200-Day Moving Average is calculated to be 11.94.
Shares Statistics:
For the past three months, GOGO has traded an average of 937.41K shares per day and 1.19M over the past ten days. A total of 128.46M shares are outstanding, with a floating share count of 60.92M. Insiders hold about 52.43% of the company’s shares, while institutions hold 45.01% stake in the company. Shares short for GOGO as of Feb 29, 2024 were 9.17M with a Short Ratio of 9.78, 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%.
