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As of close of business last night, Gogo Inc’s stock clocked out at $10.20, up 4.40% from its previous closing price of $9.77. In other words, the price has increased by $4.40 from its previous closing price. On the day, 0.94 million shares were traded. GOGO stock price reached its highest trading level at $10.28 during the session, while it also had its lowest trading level at $9.725.
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 8.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.30. 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:
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 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 1296470912 and an Enterprise Value of 1743684096. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.72, and their Forward P/E ratio for the next fiscal year is 19.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 20.95. Its current Enterprise Value per Revenue stands at 4.324 whereas that against EBITDA is 12.188.
Stock Price History:
The Beta on a monthly basis for GOGO is 1.03, which has changed by -0.25590253 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, GOGO has reached a high of $17.94, while it has fallen to a 52-week low of $7.53. The 50-Day Moving Average of the stock is 17.48%, while the 200-Day Moving Average is calculated to be -1.66%.
Shares Statistics:
It appears that GOGO traded 1.01M shares on average per day over the past three months and 1278240 shares per day over the past ten days. A total of 128.46M shares are outstanding, with a floating share count of 60.30M. Insiders hold about 52.90% of the company’s shares, while institutions hold 45.14% stake in the company. Shares short for GOGO as of 1713139200 were 11756165 with a Short Ratio of 11.65, compared to 1710460800 on 11398568. Therefore, it implies a Short% of Shares Outstanding of 11756165 and a Short% of Float of 18.059998999999998.
Earnings Estimates
The firm’s stock currently is rated by 7.0 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.05, while EPS last year was $0.67. The consensus estimate for the next quarter is $0.08, with high estimates of $0.12 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.62 and $0.31 for the fiscal current year, implying an average EPS of $0.41. EPS for the following year is $0.63, with 6.0 analysts recommending between $0.9 and $0.47.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $99.8M. It ranges from a high estimate of $102.9M to a low estimate of $92.92M. As of the current estimate, Gogo Inc’s year-ago sales were $103.22MFor the next quarter, 6 analysts are estimating revenue of $104.92M. There is a high estimate of $105.7M for the next quarter, whereas the lowest estimate is $103.32M.
A total of 7 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 $418.09M. In the same quarter a year ago, actual revenue was $397.58MBased on 6 analysts’ estimates, the company’s revenue will be $484.83M in the next fiscal year. The high estimate is $505.9M and the low estimate is $460.71M.
