Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) saw an upside of 5.43% to close Tuesday at $3.30 after adding $0.17 on the day. The 5-day average trading volume is 2,561,000 shares of the company’s common stock. It has gained $3.35 in the past week and touched a new high 3 times within the past 5 days. An average of 1,583,530 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,629,974.
GOL’s 1-month performance is -24.66% or -$0.99 on its low of $2.92 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.00 and high of $5.59, with the stock’s rally to the 52-week high happening on 07/03/23. YTD, GOL has achieved 23.60% or $0.63 and has reached a new high 25 times. However, the current price is down -40.93% from the 52-week high price.
Valuation Metrics
GOL stock has a beta of 1.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.18.
Gol Linhas Aereas Inteligentes S.A.’s quick ratio for the period ended June 29 was 0.20, with the current ratio over the same period at 0.20.. In terms of profitability, the gross margin trailing 12 months is 25.70%. The trailing 12-month EBITDA margin is 13.52% while for the period ending June 29, Gol Linhas Aereas Inteligentes S.A.’s operating margin was 12.30%. The firm’s gross profit as reported stood at $107.91 million against revenue of $2.94 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -362.48% to -$296.68 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GOL to announce -$0.07 per share in earnings in its latest quarter, but it posted $0.54, representing a 871.40% surprise. EBITDA for the quarter stood at more than $195.12 million. GOL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.45 billion, with total debt at $21.92 billion.
Let’s look briefly at Gol Linhas Aereas Inteligentes S.A. (GOL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 38.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 99.53%.
The stock’s 5-day moving average is $3.20, reflecting a +1.54% or $0.05 change from its current price. GOL is currently trading -21.62% above its 20-day SMA, +34.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.86% and SMA200 by-7.56%.
Stochastic %K and %D was 29.91% and 21.03% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 38.44%, while the 14-day stochastic is at 35.51% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.29 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for GOL stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate GOL as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is GOL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.29 and a high of $8.03, with their median price target at $4.54. Looking at these predictions, the average price target given by analysts is for Gol Linhas Aereas Inteligentes S.A. (GOL) stock is $4.84.
