A share price of Gogo Inc [GOGO] is currently trading at $6.89, up 4.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GOGO shares have gain 0.15% over the last week, with a monthly amount drifted -14.94%, and not seem to be holding up well over a long-time horizon.
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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 $6.61 and $12.15. Currently, Wall Street analysts expect the stock to reach $15.25 within the next 12 months. Gogo Inc [NASDAQ: GOGO] shares were valued at $6.89 at the most recent close of the market. An investor can expect a potential return of 121.34% based on the average GOGO price forecast.
Analyzing the GOGO fundamentals
Trailing Twelve Months sales for Gogo Inc [NASDAQ:GOGO] were 402.14M which represents -1.13% decline. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 1.41 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of11.59.
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 6.72 points at the first support level, and at 6.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.01, and for the 2nd resistance point, it is at 7.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gogo Inc [NASDAQ:GOGO] is 3.95. Also, the Quick Ratio is 3.16, while the Cash Ratio stands at 1.85. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 16.81 and price to earnings (TTM) ratio is 13.72.
Transactions by insiders
Recent insider trading involved TOWNSEND CHARLES C, Director, that happened on Mar 14 ’24 when 28857.0 shares were purchased. Director, WILLIAMS HARRIS N completed a deal on Feb 29 ’24 to buy 12000.0 shares. Meanwhile, Director TOWNSEND CHARLES C bought 0.19 million shares on Mar 01 ’24.
