Gogo Inc. (NASDAQ:GOGO) saw a downside of -18.34% to close Monday at $12.56 after subtracting -$2.82 on the day. The 5-day average trading volume is 1,184,820 shares of the company’s common stock. It has gained $15.80 in the past week and touched a new high 3 times within the past 5 days. An average of 635,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 589,108.
GOGO’s 1-month performance is -25.28% or -$4.25 on its low of $12.10 reached on 08/07/23. The company’s shares have touched a 52-week low of $11.57 and high of $19.29, with the stock’s rally to the 52-week high happening on 07/21/23. YTD, GOGO has lost -14.91% or -$2.20 and has reached a new high 14 times. However, the current price is down -34.89% from the 52-week high price.
Valuation Metrics
GOGO stock has a beta of 1.32. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.85 while the price to cash flow ratio at 26.95.
Gogo Inc.’s quick ratio for the period ended March 30 was 3.80, with the current ratio over the same period at 4.60. In terms of profitability, the gross margin trailing 12 months is 65.40%. The trailing 12-month EBITDA margin is 38.34% while for the period ending March 30, Gogo Inc.’s operating margin was 34.00%. The firm’s gross profit as reported stood at $268.17 million against revenue of $404.07 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Gogo Inc.’s cash and short-term investments amounted to $24.73 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -8.56% to $20.45 million, while revenue of $27.67 million was -35.31% off the previous quarter. Analysts expected GOGO to announce $0.13 per share in earnings in its latest quarter, but it posted $0.15, representing a 15.40% surprise. EBITDA for the quarter stood at more than $35.59 million. Shareholders hold equity totaling $128.59 million.
Let’s look briefly at Gogo Inc. (GOGO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 14.96% to suggest the stock is trending oversold, with historical volatility in this time period at 104.20%.
The stock’s 5-day moving average is $14.59, reflecting a -16.66% or -$2.51 change from its current price. GOGO is currently trading -26.42% above its 20-day SMA, -19.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.66% and SMA200 by+0.08%.
Stochastic %K and %D was 12.87% and 11.77% and the average true range (ATR) pointed at 0.91. The RSI (14) points at 21.00%, while the 14-day stochastic is at 7.88% with the period’s ATR at 0.77. The stock’s 9-day MACD Oscillator is pointing at -1.06 and -1.84 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gogo Inc. (NASDAQ: GOGO), Morgan Stanley upgraded it to an Equal-weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for GOGO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GOGO as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is GOGO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $26.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Gogo Inc. (GOGO) stock is $19.70.
