Gogo Inc (NASDAQ: GOGO) – Time For Strategy Change?

Gogo Inc (NASDAQ:GOGO) currently has a daily average trading volume of 1.97M but it saw 1748742 shares traded in last market. With a market cap of 2.04B USD, the company’s current market price of $15.45 came falling about -1.02 while comparing to the previous closing price of $15.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.05 and as low as $6.17. In the recent trading on the day, stock has struck highest price mark of $15.29 while lowest mark touched by it was $15.8.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which resumed the stock as “Neutral” in its note to investors issued on February 29, 2024, recommending a price target of between $15 and $11 for it. Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on November 01, 2022 while assigning a price target range of $14-$15. JP Morgan issued its recommendations for the stock as it upgraded the price target for the stock is $16.

Over the week, GOGO’s stock price is moving -0.19% down while it is 31.49% when we observe its performance for the past one month. Year-to-date it is 57.98% up and over the past year, the stock is showing an upside performance of 90.98%.

Currently, Gogo Inc’s total number of outstanding shares is 131.76M. Company’s return on investment (ROI) stands at -0.48% and return on equity (ROE) at -6.47%. It has a 20.78 of forward P/E ratio. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 24.54 while price to sale or P/S ratio amounts to 3.58. Its return on asset (ROA) is -0.46% on average.

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