Gol Linhas Aereas Inteligentes S.A. [NYSE: GOL] traded at a low on 09/29/22, posting a -9.48 loss after which it closed the day’ session at $3.15. The company report on September 8, 2022 that Apollo Funds Complete Sale-Leaseback Transaction with GOL.
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Apollo (NYSE: APO) and GOL Linhas Aéreas Inteligentes S.A. (“GOL”) today announced the completion of a sale and leaseback transaction, involving one new Boeing 737 MAX 8 aircraft, between GOL and certain funds managed by Apollo affiliates (the “Apollo Funds”) and serviced by Merx Aviation (“Merx”).
The aircraft was acquired by the Apollo Funds upon its delivery from Boeing in July 2022 and immediately placed on long-term lease to GOL.
The results of the trading session contributed to over 3877983 shares changing hands. Over the past one week, the price volatility of Gol Linhas Aereas Inteligentes S.A. stands at 7.55% while the volatility over the past one month is 7.12%.
The market cap for GOL stock reached $590.56 million, with 202.61 million shares outstanding and 168.33 million shares in the current float. Compared to the average trading volume of 2.02M shares, GOL reached a trading volume of 3877983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gol Linhas Aereas Inteligentes S.A. [GOL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOL shares is $4.98 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOL stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Gol Linhas Aereas Inteligentes S.A. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 06, 2022. The new note on the price target was released on April 26, 2022, representing the official price target for Gol Linhas Aereas Inteligentes S.A. stock.
The Average True Range (ATR) for Gol Linhas Aereas Inteligentes S.A. is set at 0.28, with the Price to Sales ratio for GOL stock in the period of the last 12 months amounting to 0.27. Price to Free Cash Flow for GOL in the course of the last twelve months was 2.51 with Quick ratio for the last quarter at 0.20.
How has GOL stock performed recently?
Gol Linhas Aereas Inteligentes S.A. [GOL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.05. With this latest performance, GOL shares dropped by -21.64% in over the last four-week period, additionally sinking by -56.35% over the last 6 months – not to mention a drop of -59.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOL stock in for the last two-week period is set at 35.34, with the RSI for the last a single of trading hit 29.33, and the three-weeks RSI is set at 39.21 for Gol Linhas Aereas Inteligentes S.A. [GOL]. The present Moving Average for the last 50 days of trading for this stock 3.85, while it was recorded at 3.39 for the last single week of trading, and 5.30 for the last 200 days.
Gol Linhas Aereas Inteligentes S.A. [GOL]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Gol Linhas Aereas Inteligentes S.A. [GOL] shares currently have an operating margin of -53.22 and a Gross Margin at -20.28. Gol Linhas Aereas Inteligentes S.A.’s Net Margin is presently recorded at -97.15.
Gol Linhas Aereas Inteligentes S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.
Insider trade positions for Gol Linhas Aereas Inteligentes S.A. [GOL]
There are presently around $46 million, or 10.20% of GOL stock, in the hands of institutional investors. The top three institutional holders of GOL stocks are: U S GLOBAL INVESTORS INC with ownership of 2,780,278, which is approximately 4.451% of the company’s market cap and around 64.00% of the total institutional ownership; MORGAN STANLEY, holding 2,671,052 shares of the stock with an approximate value of $8.41 million in GOL stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $3.21 million in GOL stock with ownership of nearly 0.913% of the company’s market capitalization.
Positions in Gol Linhas Aereas Inteligentes S.A. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 30 institutional holders increased their position in Gol Linhas Aereas Inteligentes S.A. [NYSE:GOL] by around 3,579,632 shares. Additionally, 47 investors decreased positions by around 5,330,892 shares, while 13 investors held positions by with 5,763,464 shares. The mentioned changes placed institutional holdings at 14,673,988 shares, according to the latest SEC report filing. GOL stock had 11 new institutional investments in for a total of 644,742 shares, while 23 institutional investors sold positions of 3,300,845 shares during the same period.