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Friday, September 29, 2023

Is Gogo Inc. (NASDAQ: GOGO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Gogo Inc. (GOGO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.51%, to $11.80. The Gogo Inc. has recorded 19,391 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Gogo Announces $50 Million Share Repurchase Program.

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Stocks Info

This NASDAQ-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $11.86 and fluctuated between $12.27 as its day high and $11.81 as its day low. The current market capitalization of Gogo Inc. is $1.48B. A total of 0.72 million shares were traded on the day, compared to an average of 636.20K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GOGO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 22 SELLs from insiders. Insiders purchased 532,609 shares during that period but sold 175,954.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GOGO in the last 3 months, the mean price target is $18.38 with high estimates of $22.00 and low estimates of $14.00. In terms of 52-week highs and lows, GOGO has a high of $17.94 and a low of $11.01.

As of this writing, GOGO has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.11. The company reported an EPS of $0.15 in the last quarter, which was 15.40% higher than expectations of $0.13.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GOGO’s latest balance sheet shows that the firm has $145.91M in Cash & Short Term Investments as of fiscal 2021. There were $881.71M in debt and $188.52M in liabilities at the time. Its Book Value Per Share was $0.07, while its Total Shareholder’s Equity was -$320.15M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GOGO is Buy with a score of 3.86.

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