Currently, there are 128.46M common shares owned by the public and among those 62.41M shares have been available to trade.
The company’s stock has a 5-day price change of 22.03% and 9.78% over the past three months. GOGO shares are trading -15.79% year to date (YTD), with the 12-month market performance down to -23.29% lower. It has a 12-month low price of $6.17 and touched a high of $11.17 over the same period. GOGO has an average intraday trading volume of 1.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 22.18%, 19.96%, and -0.74% respectively.
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Institutional ownership of Gogo Inc (NASDAQ: GOGO) shares accounts for 48.05% of the company’s 128.46M shares outstanding.
It has a market capitalization of $1.08B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 16.98, while the earnings-per-share (ttm) stands at $0.50. The company has a PEG of 2.70 and a Quick Ratio of 3.16 with the debt-to-equity ratio at 12.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.15% over the week and 5.24% over the month.
Earnings per share for the fiscal year are expected to decrease by -61.47%, and 12.70% over the next financial year.
Looking at the support for the GOGO, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on February 29, 2024, with the firm’s price target at $15-$11. Morgan Stanley coverage for the Gogo Inc (GOGO) stock in a research note released on November 01, 2022 offered a Equal-Weight rating with a price target of $15. JP Morgan was of a view on October 07, 2021 that the stock is Neutral, while Morgan Stanley gave the stock Underweight rating on October 06, 2021, issuing a price target of $13- $14. Cowen on their part issued Outperform rating on April 08, 2021.
