Its Stock Has Paid Off Big Time For Gogo Inc

With 1.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.29 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $8.185 whereas the lowest price it dropped to was $7.86. The 52-week range on GOGO shows that it touched its highest point at $11.17 and its lowest point at $6.17 during that stretch. It currently has a 1-year price target of $12.75. Beta for the stock currently stands at 1.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GOGO was up-trending over the past week, with a rise of 20.27%, but this was up by 25.94% over a month. Three-month performance surged to 8.83% while six-month performance fell -21.47%. The stock lost -22.04% in the past year, while it has lost -20.93% so far this year. A look at the trailing 12-month EPS for GOGO yields 0.43 with Next year EPS estimates of 0.38. For the next quarter, that number is 0.03. This implies an EPS growth rate of -67.89% for this year and 7.62% for next year.

Float and Shares Shorts:

At present, 128.46 million GOGO shares are outstanding with a float of 61.83 million shares on hand for trading. On 2024-10-15, short shares totaled 15.45 million, which was 1217.00004 higher than short shares on 1726185600. In addition to Mr. Oakleigh Thorne as the firm’s Chairman & CEO, Mr. Sergio A. Aguirre serves as its President & COO.

Institutional Ownership:

Through their ownership of 0.7386 of GOGO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GOGO reported revenue of $100529000.0 and operating income of $19071000.0. The EBITDA in the recently reported quarter was $29946000.0 and diluted EPS was $0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOGO since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GOGO analysts setting a high price target of 15.5 and a low target of 15.5, the average target price over the next 12 months is 15.5. Based on these targets, GOGO could surge 93.51% to reach the target high and rise by 93.51% to reach the target low. Reaching the average price target will result in a growth of 93.51% from current levels.

Analysts have provided yearly estimates in a range of $0.37059 being high and $0.32941 being low. For GOGO, this leads to a yearly average estimate of $0.35. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.08.