The stock of Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) increased by $0.23 on Wednesday to $2.94, up 8.38 percent. The last five days have seen an average of 1,042,735 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $0.25. The average number of shares traded over the last 20 days was 954,124, while the average volume over the last 50 days totaled 1,347,456.
GOL stock dropped -6.17% since last month. On 09/07/23, the company’s shares reached a one-month low of $2.65. The stock touched a high of $5.59 on 07/03/23, after rallying from a low of $2.00 in 52 weeks. The price of GOL stock has risen by 10.00% or $0.25 this year, reaching a new high 25 times. Still, the stock price is down -47.43% from the 52-week high.
Valuation Metrics
Company paid $0.0036 per share in dividends, an increase of 20.0% from $0.0030 last year.
Financial Health
For the three months ended June 29, Gol Linhas Aereas Inteligentes S.A.’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 25.70% percent. Gol Linhas Aereas Inteligentes S.A.’s EBITDA margin for the year ended June 29 was 13.52%, whereas its operating margin stood at 12.30% for the same period. Based on annual data, it had gross profit of $107.91 million and revenue of $2.94 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GOL’s return on assets (ROA) during the last 12 months has been -0.80%. There was a 28.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.70%.
Earnings Surprise
According to Gol Linhas Aereas Inteligentes S.A.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.89 billion, while revenues rose by 51.09% to $0.0. It was predicted that Gol Linhas Aereas Inteligentes S.A.’s quarterly earnings would be $0.54, but it ended up being -$0.07, beating the consensus by 871.40%. EBITDA was $195.12 million for the quarter. At the end of Gol Linhas Aereas Inteligentes S.A.’s most recent quarter ended June 29, its liabilities totaled 7.45 billion, while its total debt was $21.92 billion.
Technical Picture
Here’s a quick look at Gol Linhas Aereas Inteligentes S.A.’s (GOL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 50.63%, suggesting the stock is Neutral, with a 56.57% historical volatility rate.
The stochastic %K and %D were 39.73% and 31.24% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 69.18%, the RSI (14) reading is 44.67%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at 0.01.
Analyst Ratings
Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) was downgraded by Citigroup to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Gol Linhas Aereas Inteligentes S.A. (GOL) an Hold rating. GOL is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is GOL’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.87 and $8.03, with a median target price of $4.04. In analyzing these forecasts, the average price target given by analysts for Gol Linhas Aereas Inteligentes S.A. (GOL) is $4.51.
