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The closing price of Gogo Inc (NASDAQ: GOGO) was $7.95 for the day, down -1.49% from the previous closing price of $8.07. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 1.25 million shares were traded. GOGO stock price reached its highest trading level at $8.14 during the session, while it also had its lowest trading level at $7.89.
Ratios:
Our analysis of GOGO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.59. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 999943040 and an Enterprise Value of 1482103936. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.62, and their Forward P/E ratio for the next fiscal year is 21.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 19.02. Its current Enterprise Value per Revenue stands at 3.662 whereas that against EBITDA is 12.211.
Stock Price History:
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 11.57%, while the 200-Day Moving Average is calculated to be -7.16%.
Shares Statistics:
GOGO traded an average of 1.31M shares per day over the past three months and 2278080 shares per day over the past ten days. A total of 128.46M shares are outstanding, with a floating share count of 61.83M. Insiders hold about 50.84% of the company’s shares, while institutions hold 48.40% stake in the company. Shares short for GOGO as of 1730332800 were 16752459 with a Short Ratio of 12.79, compared to 1727654400 on 12460852. Therefore, it implies a Short% of Shares Outstanding of 16752459 and a Short% of Float of 26.650000000000002.
