Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) finished Friday with a subtraction of -$0.13 to close at $3.04, a downside of -4.10 percent. An average of 2,018,160 shares of common stock have been traded in the last five days. There was a fall of -$0.25 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,615,985 shares traded, while the 50-day average volume stands at 1,602,788.
GOL stock has decreased by -25.12% in the last month. The company shares reached their 1-month lowest point of $2.92 on 08/18/23. With the stock rallying to its 52-week high on 07/03/23, shares of the company touched a low of $2.00 and a high of $5.59 in 52 weeks. It has reached a new high 25 times so far this year and achieved 13.86% or $0.37 in price. In spite of this, the price is down -45.59% from the 52-week high.
Valuation Metrics
Gol Linhas Aereas Inteligentes S.A. (GOL) stock’s beta is 1.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.17.
Financial Health
The quick ratio of Gol Linhas Aereas Inteligentes S.A. for the three months ended June 29 was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Gol Linhas Aereas Inteligentes S.A.’s EBITDA margin for the year ending June 29 is 13.52%, while its operating margin for the same period stands at 12.30%. Its gross profit as reported stood at $107.91 million compared to revenue of $2.94 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gol Linhas Aereas Inteligentes S.A.’s return on assets was -0.80%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$296.68 million in the quarter, while revenues were shrunk -362.48%. The analyst consensus anticipated Gol Linhas Aereas Inteligentes S.A.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be $0.54, a 871.40% surprise. For the quarter, EBITDA amounted to $195.12 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Gol Linhas Aereas Inteligentes S.A. (GOL) price momentum. RSI 9-day as of the close on 25 August was 31.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 85.77%.
As of today, GOL’s price is $3.19 -7.60% or -$0.25 from its 5-day moving average. GOL is currently trading -24.38% lower than its 20-day SMA and +20.16% higher than its 100-day SMA. However, the stock’s current price level is -33.77% below the SMA50 and -14.37% below the SMA200.
The stochastic %K and %D were 24.30% and 29.28%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 11.21% and the average true range at 0.23, the RSI (14) stands at 33.78%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.
Analyst Ratings
Citigroup downgraded Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Gol Linhas Aereas Inteligentes S.A. (GOL) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GOL, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
