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The price of Gogo Inc (NASDAQ: GOGO) closed at $6.81 in the last session, down -5.15% from day before closing price of $7.18. In other words, the price has decreased by -$5.15 from its previous closing price. On the day, 1.62 million shares were traded. GOGO stock price reached its highest trading level at $7.185 during the session, while it also had its lowest trading level at $6.8.
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 5.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.74. For the most recent quarter (mrq), Quick Ratio is recorded 3.16 and its Current Ratio is at 3.95. In the meantime, Its Debt-to-Equity ratio is 12.93 whereas as Long-Term Debt/Eq ratio is at 12.59.
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:
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 864543104 and an Enterprise Value of 1356592512. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.56, and their Forward P/E ratio for the next fiscal year is 15.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 16.61. Its current Enterprise Value per Revenue stands at 3.373 whereas that against EBITDA is 10.464.
Stock Price History:
Over the past 52 weeks, GOGO has reached a high of $12.01, while it has fallen to a 52-week low of $6.61. The 50-Day Moving Average of the stock is -12.65%, while the 200-Day Moving Average is calculated to be -23.79%.
Shares Statistics:
According to the various share statistics, GOGO traded on average about 954.44K shares per day over the past 3-months and 1194370 shares per day over the past 10 days. A total of 128.46M shares are outstanding, with a floating share count of 62.41M. Insiders hold about 50.84% of the company’s shares, while institutions hold 47.86% stake in the company. Shares short for GOGO as of 1726185600 were 11384427 with a Short Ratio of 11.93, compared to 1723680000 on 14281603. Therefore, it implies a Short% of Shares Outstanding of 11384427 and a Short% of Float of 17.78.
