Gogo Inc [NASDAQ: GOGO] gained 5.69% or 0.69 points to close at $12.81 with a heavy trading volume of 4396385 shares.
The daily chart for GOGO points out that the company has recorded 64.65% gains over the past six months.
If we look at the average trading volume of 1.93M shares, GOGO reached to a volume of 4396385 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Gogo Inc [GOGO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOGO shares is $13.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOGO stock is a recommendation set at 2.00. 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.
JP Morgan have made an estimate for Gogo Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $14 to $15. The new note on the price target was released on November 01, 2022, representing the official price target for Gogo Inc stock. Previously, the target price had yet another raise to $16, while JP Morgan analysts kept a Neutral rating on GOGO stock. On October 06, 2021, analysts increased their price target for GOGO shares from 13 to 14.
The Average True Range (ATR) for Gogo Inc is set at 0.68, with the Price to Sales ratio for GOGO stock in the period of the last 12 months amounting to 2.97. The Price to Book ratio for the last quarter was 20.35, with the Price to Cash per share for the same quarter was set at 0.53. Price to Free Cash Flow for GOGO in the course of the last twelve months was 57.57 with Quick ratio for the last quarter at 1.36.
Trading performance analysis for GOGO stock
Gogo Inc [GOGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.00. With this latest performance, GOGO shares gained by 83.79% in over the last four-week period, additionally plugging by 64.65% over the last 6 months – not to mention a rise of 18.39% 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 GOGO stock in for the last two-week period is set at 77.34, with the RSI for the last a single of trading hit 79.88, and the three-weeks RSI is set at 74.04 for Gogo Inc [GOGO]. The present Moving Average for the last 50 days of trading for this stock 8.47, while it was recorded at 12.41 for the last single week of trading, and 7.80 for the last 200 days.
Gogo Inc [GOGO]: A deeper dive into fundamental analysis
Gogo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.36 and a Current Ratio set at 1.84.
Gogo Inc [GOGO]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gogo Inc go to 109.16%.
An analysis of Institutional ownership at Gogo Inc [GOGO]
The top three institutional holders of GOGO stocks are: GTCR LLC with ownership of 31.74 million shares, which is approximately 24.7391%. BLACKROCK INC., holding 9.85 million shares of the stock with an approximate value of $$94.73 million in GOGO stocks shares; and BLACKROCK INC., currently with $$55.15 million in GOGO stock with ownership which is approximately 4.4684%.
