In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Gogo Inc (NASDAQ: GOGO) closed the day trading at $7.12 down -1.39% from the previous closing price of $7.22. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1.15 million shares were traded. GOGO stock price reached its highest trading level at $7.24 during the session, while it also had its lowest trading level at $6.85.
Ratios:
For a better understanding of GOGO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.49. For the most recent quarter (mrq), Quick Ratio is recorded 2.81 and its Current Ratio is at 3.58. In the meantime, Its Debt-to-Equity ratio is 12.72 whereas as Long-Term Debt/Eq ratio is at 12.37.
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.
WILLIAMS HARRIS N bought 12,000 shares of GOGO for $97,200 on Feb 29 ’24. The Director now owns 20,990 shares after completing the transaction at $8.10 per share. On Mar 01 ’24, another insider, TOWNSEND CHARLES C, who serves as the Director of the company, bought 186,249 shares for $8.41 each. As a result, the insider paid 1,566,056 and bolstered with 1,711,731 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 944225920 and an Enterprise Value of 1377707136. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.67, and their Forward P/E ratio for the next fiscal year is 18.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 17.03. Its current Enterprise Value per Revenue stands at 3.404 whereas that against EBITDA is 11.351.
Stock Price History:
The Beta on a monthly basis for GOGO is 1.15, which has changed by -0.18325794 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, GOGO has reached a high of $11.17, while it has fallen to a 52-week low of $6.17. The 50-Day Moving Average of the stock is -8.08%, while the 200-Day Moving Average is calculated to be -14.58%.
Shares Statistics:
Over the past 3-months, GOGO traded about 1.34M shares per day on average, while over the past 10 days, GOGO traded about 932250 shares per day. A total of 126.14M shares are outstanding, with a floating share count of 61.23M. Insiders hold about 51.32% of the company’s shares, while institutions hold 55.70% stake in the company. Shares short for GOGO as of 1734048000 were 20448715 with a Short Ratio of 15.44, compared to 1731628800 on 19076034. Therefore, it implies a Short% of Shares Outstanding of 20448715 and a Short% of Float of 30.14.
