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The price of Gogo Inc (NASDAQ: GOGO) closed at $7.88 in the last session, down -1.62% from day before closing price of $8.01. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 1.24 million shares were traded.
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 5.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.50. 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:
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.
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:
As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.45, and their Forward P/E ratio for the next fiscal year is 20.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 18.85.
Stock Price History:
Over the past 52 weeks, GOGO has reached a high of $11.00, while it has fallen to a 52-week low of $6.17. The 50-Day Moving Average of the stock is -1.09%, while the 200-Day Moving Average is calculated to be -4.84%.
Shares Statistics:
A total of 126.14M shares are outstanding, with a floating share count of 61.11M. Insiders hold about 51.41% of the company’s shares, while institutions hold 54.71% stake in the company.
