Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Gogo Inc (NASDAQ: GOGO) closed at $7.49 in the last session, down -0.13% from day before closing price of $7.50. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1.02 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 5.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.98. 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 17.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 17.92.
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 -5.93%, while the 200-Day Moving Average is calculated to be -9.15%.
Shares Statistics:
A total of 126.14M shares are outstanding, with a floating share count of 61.12M. Insiders hold about 51.40% of the company’s shares, while institutions hold 54.71% stake in the company.
Earnings Estimates
The stock of Gogo Inc (GOGO) is currently in the spotlight, with 1.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $0.11, with high estimates of $0.11 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.66 and $0.66 for the fiscal current year, implying an average EPS of $0.66. EPS for the following year is $0.59, with 1.0 analysts recommending between $0.59 and $0.59.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $97.8M. It ranges from a high estimate of $99.13M to a low estimate of $95.78M. As of the current estimate, Gogo Inc’s year-ago sales were $97.81MFor the next quarter, 3 analysts are estimating revenue of $100.04M. There is a high estimate of $100.2M for the next quarter, whereas the lowest estimate is $99.87M.
A total of 5 analysts have provided revenue estimates for GOGO’s current fiscal year. The highest revenue estimate was $406.04M, while the lowest revenue estimate was $402.69M, resulting in an average revenue estimate of $404.5M. In the same quarter a year ago, actual revenue was $397.58MBased on 5 analysts’ estimates, the company’s revenue will be $447.77M in the next fiscal year. The high estimate is $464.93M and the low estimate is $438M.
