With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.1 million shares. The 52-week range on GOGO shows that it touched its highest point at $11.00 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 1.01.
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 down-trending over the past week, with a drop of -12.95%, but this was down by -15.87% over a month. Three-month performance dropped to -14.01% while six-month performance fell -8.65%. The stock lost -15.36% in the past year, while it has lost -13.16% 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, 126.14 million GOGO shares are outstanding with a float of 61.12 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.38889 being high and $0.32083 being low. For GOGO, this leads to a yearly average estimate of $0.35. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.11.
Summary of Insider Activity:
Insiders traded GOGO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
