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After finishing at $9.15 in the prior trading day, Gogo Inc (NASDAQ: GOGO) closed at $8.95, down -2.19%. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 0.66 million shares were traded. GOGO stock price reached its highest trading level at $9.16 during the session, while it also had its lowest trading level at $8.805.
Ratios:
Our goal is to gain a better understanding of GOGO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.07. For the most recent quarter (mrq), Quick Ratio is recorded 3.33 and its Current Ratio is at 4.20. In the meantime, Its Debt-to-Equity ratio is 10.83 whereas as Long-Term Debt/Eq ratio is at 10.54.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1163007744 and an Enterprise Value of 1664879104. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.65, and their Forward P/E ratio for the next fiscal year is 16.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.82 while its Price-to-Book (P/B) ratio in mrq is 18.38. Its current Enterprise Value per Revenue stands at 4.128 whereas that against EBITDA is 11.637.
Stock Price History:
Over the past 52 weeks, GOGO has reached a high of $16.04, while it has fallen to a 52-week low of $7.53. The 50-Day Moving Average of the stock is -8.38%, while the 200-Day Moving Average is calculated to be -6.80%.
Shares Statistics:
The stock has traded on average 743.90K shares per day over the past 3-months and 647440 shares per day over the last 10 days, according to various share statistics. A total of 128.46M shares are outstanding, with a floating share count of 59.60M. Insiders hold about 53.11% of the company’s shares, while institutions hold 46.20% stake in the company. Shares short for GOGO as of 1721001600 were 13287490 with a Short Ratio of 17.86, compared to 1718323200 on 12203261. Therefore, it implies a Short% of Shares Outstanding of 13287490 and a Short% of Float of 20.7.
