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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.66 million shares were traded. GOGO stock price reached its highest trading level at $9.29 during the session, while it also had its lowest trading level at $8.97.
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 8.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.50. 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 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 1160042496 and an Enterprise Value of 1676131072. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.29, and their Forward P/E ratio for the next fiscal year is 18.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 28.58. Its current Enterprise Value per Revenue stands at 4.216 whereas that against EBITDA is 12.07.
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 $7.53. The 50-Day Moving Average of the stock is 5.19%, while the 200-Day Moving Average is calculated to be -14.65%.
Shares Statistics:
For the past three months, GOGO has traded an average of 968.94K shares per day and 929330 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 44.89% stake in the company. Shares short for GOGO as of 1713139200 were 11756165 with a Short Ratio of 12.13, compared to 1710460800 on 11398568. Therefore, it implies a Short% of Shares Outstanding of 11756165 and a Short% of Float of 18.07.
