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The price of Gogo Inc (NASDAQ: GOGO) closed at $8.59 in the last session, up 3.25% from day before closing price of $8.32. In other words, the price has increased by $3.25 from its previous closing price. On the day, 0.59 million shares were traded. GOGO stock price reached its highest trading level at $8.71 during the session, while it also had its lowest trading level at $8.27.
Ratios:
We take a closer look at GOGO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.55. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1100112768 and an Enterprise Value of 1581360000. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.86, and their Forward P/E ratio for the next fiscal year is 17.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77 while its Price-to-Book (P/B) ratio in mrq is 27.10. Its current Enterprise Value per Revenue stands at 3.977 whereas that against EBITDA is 11.388.
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 -1.64%, while the 200-Day Moving Average is calculated to be -20.90%.
Shares Statistics:
According to the various share statistics, GOGO traded on average about 919.37K shares per day over the past 3-months and 694370 shares per day over the past 10 days. A total of 128.46M shares are outstanding, with a floating share count of 60.32M. Insiders hold about 52.90% of the company’s shares, while institutions hold 44.85% stake in the company. Shares short for GOGO as of 1711584000 were 11648066 with a Short Ratio of 12.67, compared to 1709164800 on 9167111. Therefore, it implies a Short% of Shares Outstanding of 11648066 and a Short% of Float of 17.899999.
