Gogo Inc (NASDAQ: GOGO)’s stock price has plunge by -0.37relation to previous closing price of 8.17. Nevertheless, the company has seen a 5.17% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Gogo Inc. is launching Gogo 5G in Q4 2024, which is expected to drive significant revenue and EPS growth in 2025 and 2026. Recent acquisitions and reduced debt levels may enhance future free cash flow and enable further inorganic growth opportunities. Strong partnerships with OEMs and distributors could facilitate expansion into new markets, boosting overall business growth.
Is It Worth Investing in Gogo Inc (NASDAQ: GOGO) Right Now?
Gogo Inc (NASDAQ: GOGO) has a price-to-earnings ratio that is above its average at 19.06x. The stock has a 36-month beta value of 1.18. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 2 as “sell.”
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The public float for GOGO is 61.83M, and at present, short sellers hold a 30.85% of that float. On November 28, 2024, the average trading volume of GOGO was 1.27M shares.
GOGO’s Market Performance
GOGO’s stock has seen a 5.17% increase for the week, with a 16.45% rise in the past month and a 5.44% gain in the past quarter. The volatility ratio for the week is 4.79%, and the volatility levels for the past 30 days are at 5.57% for Gogo Inc The simple moving average for the last 20 days is 4.00% for GOGO stock, with a simple moving average of -4.11% for the last 200 days.
Analysts’ Opinion of GOGO
Many brokerage firms have already submitted their reports for GOGO stocks, with JP Morgan repeating the rating for GOGO by listing it as a “Neutral.” The predicted price for GOGO in the upcoming period, according to JP Morgan is $11 based on the research report published on February 29, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GOGO reach a price target of $15, previously predicting the price at $14. The rating they have provided for GOGO stocks is “Equal-Weight” according to the report published on November 01st, 2022.
JP Morgan gave a rating of “Neutral” to GOGO, setting the target price at $16 in the report published on October 07th of the previous year.
GOGO Trading at 12.42% from the 50-Day Moving Average
After a stumble in the market that brought GOGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.13% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 4.79%, as shares surge +20.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.06% upper at present.
During the last 5 trading sessions, GOGO rose by +5.17%, which changed the moving average for the period of 200-days by -17.19% in comparison to the 20-day moving average, which settled at $7.83. In addition, Gogo Inc saw -19.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GOGO starting from TOWNSEND CHARLES C, who purchase 28,857 shares at the price of $9.03 back on Mar 14 ’24. After this action, TOWNSEND CHARLES C now owns 1,740,588 shares of Gogo Inc, valued at $260,613 using the latest closing price.
WILLIAMS HARRIS N, the Director of Gogo Inc, purchase 12,000 shares at $8.10 during a trade that took place back on Feb 29 ’24, which means that WILLIAMS HARRIS N is holding 20,990 shares at $97,200 based on the most recent closing price.
Stock Fundamentals for GOGO
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.67 for the gross margin
The net margin for Gogo Inc stands at 0.14. The total capital return value is set at 0.14. Equity return is now at value 130.82, with 7.15 for asset returns.
Based on Gogo Inc (GOGO), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 11.21. The interest coverage ratio of the stock is 2.07.
Currently, EBITDA for the company is 140.87 million with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 3.75. The receivables turnover for the company is 6.24for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.58.
Conclusion
To sum up, Gogo Inc (GOGO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
