As of Friday close, Gogo Inc.’s (NASDAQ:GOGO) stock was down -$0.24, moving down -1.93 percent to $12.17. The average number of shares traded per day over the past five days has been 588,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 839,085, while in the previous 50 days, it was 630,100.
Since last month, GOGO stock retreated -31.63%. Shares of the company fell to $12.10 on 08/07/23, the lowest level in the past month. A 52-week high of $17.94 was reached on 07/21/23 after having rallying from a 52-week low of $11.57. Since the beginning of this year, GOGO’s stock price has dropped by -17.55% or -$2.59, and marked a new high 14 times. However, the stock has declined by -32.16% since its 52-week high.
Valuation Metrics
Right now, Gogo Inc. (GOGO) has a P/E ratio of about 10.25. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 3.75, the price-to-book (PB) ratio of 173.86, and the price-to-cash flow ratio of 31.11 may also be considered.
Financial Health
In the three months ended June 29, Gogo Inc.’s quick ratio stood at 3.10, while its current ratio was 4.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 64.14, and the total debt-to-equity ratio was 64.93. On the profitability front, the trailing twelve-month gross margin is 65.40% percent. In the year ended June 29, EBITDA margin amounted to 38.34%, whereas operating margins totaled 33.40%. Based on annual data, GOGO earned $268.17 million in gross profit and brought in $404.07 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.60%. Return on equity (ROE) for the past 12 months was -204.70%.
In Gogo Inc.’s quarter-end financial report for June 29, it reported total debt of $590.05 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GOGO’s revenue rose 5.21% to $98.6 million during the quarter, while net income inched up to $103.22 million. While analysts expected Gogo Inc. to report $0.14 quarterly earnings, the actual figure was $0.67 per share, beating the consensus estimate by 378.60%. During the quarter, the company generated $39.46 million in EBITDA. The liabilities of Gogo Inc. were 736.3 million at the end of its most recent quarter ended June 29, and its total debt was $682.69 million. The value of shareholders’ equity is $128.7 million.
Technical Picture
This quick technical analysis looks at Gogo Inc.’s (GOGO) price momentum. With a historical volatility rate of 16.66%, the RSI 9-day stood at 15.84% on 18 August.
With respect to its five-day moving average, the current Gogo Inc. price is down by -5.37% percent or -$0.69. At present, GOGO shares trade -31.74% below its 20-day simple moving average and -13.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.57% below its SMA50 and -14.42% below its SMA200.
Stochastic coefficient K was 6.55% and Stochastic coefficient D was 9.58%, while ATR was 0.51. Given the Stochastic reading of 1.89% for the 14-day period, the RSI (14) reading has been calculated as 21.20%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -0.96.
Analyst Ratings
Morgan Stanley upgraded its rating on Gogo Inc. (NASDAQ: GOGO) to an Equal-weight in a note to investors on November 01, 2022. The analysts firm previously had an Underweight rating on the stock.Gogo Inc. (GOGO) has been rated Overweight by analysts. According to 0 brokerage firms, GOGO is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gogo Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $18.75, the current consensus forecast for the stock is $14.00 – $22.00. Based on these forecasts, analysts predict Gogo Inc. (GOGO) will achieve an average price target of $18.38.
