In the latest session, Gogo Inc (NASDAQ: GOGO) closed at $8.36 down -3.58% from its previous closing price of $8.67. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 1079316 shares were traded.
Ratios:
For a deeper understanding of Gogo Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.08. For the most recent quarter (mrq), Quick Ratio is recorded 3.49 and its Current Ratio is at 4.37. In the meantime, Its Debt-to-Equity ratio is 16.65 whereas as Long-Term Debt/Eq ratio is at 16.22.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
TOWNSEND CHARLES C bought 186,249 shares of GOGO for $1,566,056 on Mar 01 ’24. The Director now owns 1,711,731 shares after completing the transaction at $8.41 per share. On Feb 29 ’24, another insider, TOWNSEND CHARLES C, who serves as the Director of the company, bought 103,405 shares for $8.17 each. As a result, the insider paid 844,788 and bolstered with 1,525,482 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 1.07B and an Enterprise Value of 1.61B. As of this moment, Gogo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.65, and their Forward P/E ratio for the next fiscal year is 17.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 26.37. Its current Enterprise Value per Revenue stands at 4.05 whereas that against EBITDA is 9.36.
Stock Price History:
Over the past 52 weeks, GOGO has reached a high of $17.94, while it has fallen to a 52-week low of $7.76. The 50-Day Moving Average of the stock is 8.94, while the 200-Day Moving Average is calculated to be 11.41.
Shares Statistics:
For the past three months, GOGO has traded an average of 964.71K shares per day and 994.83k over the past ten days. A total of 128.46M shares are outstanding, with a floating share count of 60.82M. Insiders hold about 52.51% of the company’s shares, while institutions hold 45.04% stake in the company. Shares short for GOGO as of Mar 15, 2024 were 11.4M with a Short Ratio of 11.82, compared to 8.18M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.90% and a Short% of Float of 17.52%.
Earnings Estimates
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.04, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.07, with high estimates of $0.08 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.44 and $0.26 for the fiscal current year, implying an average EPS of $0.33. EPS for the following year is $0.58, with 5 analysts recommending between $0.9 and $0.37.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $96.56M this quarter.It ranges from a high estimate of $100.5M to a low estimate of $93.53M. As of the current estimate, Gogo Inc’s year-ago sales were $98.6M, an estimated decrease of -2.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $100.43M, a decrease of -2.70% less than the figure of -$2.10% in the same quarter last year. There is a high estimate of $105.9M for the next quarter, whereas the lowest estimate is $95.07M.
A total of 6 analysts have provided revenue estimates for GOGO’s current fiscal year. The highest revenue estimate was $421.9M, while the lowest revenue estimate was $411.52M, resulting in an average revenue estimate of $415.8M. In the same quarter a year ago, actual revenue was $397.58M, up 4.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $487.83M in the next fiscal year. The high estimate is $504.7M and the low estimate is $460.71M. The average revenue growth estimate for next year is up 17.30% from the average revenue estimate for this year.
