A share price of Gogo Inc [GOGO] is currently trading at $8.88, up 0.23%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOGO shares have gain 5.59% over the last week, with a monthly amount drifted -10.57%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, Gogo Announces Fourth Quarter and 2023 Results. In a post published today on Yahoo Finance, Provides 2024 Financial Guidance and Updates Long-Term Targets.
From an analyst’s perspective:
Previously, Morgan Stanley upgraded its rating to Equal-Weight on November 01, 2022, and elevated its price target to $15. On October 07, 2021, upgrade upgraded it’s rating to Neutral but maintained its price target of $16 on the stock. Morgan Stanley downgraded its rating to a Underweight and increased its price target to $14 on October 06, 2021. Cowen upgraded its rating to a Outperform and raised its price target to $14 on April 08, 2021. William Blair upgraded its rating to Outperform for this stock on April 05, 2021.
Gogo Inc experienced fluctuations in its stock price throughout the past year between $7.76 and $17.94. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Gogo Inc [NASDAQ: GOGO] shares were valued at $8.88 at the most recent close of the market. An investor can expect a potential return of 68.92% based on the average GOGO price forecast.
Analyzing the GOGO fundamentals
Trailing Twelve Months sales for Gogo Inc [NASDAQ:GOGO] were 397.58M which represents -9.57% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is -124.94 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of14.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.75 points at the first support level, and at 8.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.07, and for the 2nd resistance point, it is at 9.25.
Gogo Inc [GOGO] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.01 and a surprise factor of 10.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.16 per share as compared to estimates of $0.14 per share, a difference of $0.02 representing a surprise of 14.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gogo Inc [NASDAQ:GOGO] is 4.37. As well, the Quick Ratio is 3.49, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 2.86, the price to book ratio is 28.01 and price to earnings (TTM) ratio is 8.12.
Transactions by insiders
Recent insider trading involved TOWNSEND CHARLES C, Director, that happened on Mar 01 ’24 when 0.19 million shares were purchased. Director, TOWNSEND CHARLES C completed a deal on Feb 29 ’24 to buy 0.1 million shares. Meanwhile, Director WILLIAMS HARRIS N bought 12000.0 shares on Feb 29 ’24.
