Gogo (GOGO) Stock Price, News & Analysis

Company Overview

Gogo Inc., together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions. The company offers voice and data, in-flight entertainment, and other services. In addition, it engages in the development, deployment, and operation of networks, towers, and data center infrastructure to support in-flight connectivity services, as well as in the provision of telecommunications connections to the internet. The company sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado. As of May 2024, Gogo Inc. claims that "Gogo is the only company in North America with a complete, certified airborne 5G network, meaning that all components within the network (including onboard equipment) are 5G native."

Key Stats

• Today's Range: $7.60 to $8.02
• 50-Day Range: $6.30 to $8.53
• 52-Week Range: $6.17 to $11.17
• Volume: 1.25 million shs
• Average Volume: 1.01 million shs
• Market Capitalization: $973.54 million
• P/E Ratio: 18.00
• Dividend Yield: N/A
• Price Target: $12.17
• Consensus Rating: Hold

Gogo Stock Analysis - MarketRank™

Gogo scored higher than 73% of companies evaluated by MarketBeat, and ranked 323rd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Gogo has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Gogo has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.00%

Earnings Growth

Earnings for Gogo are expected to grow by 20.00% in the coming year, from $0.40 to $0.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Gogo is 18.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gogo is 18.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.14.

Price to Book Value per Share Ratio

Gogo has a P/B Ratio of 24.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.09% of the float of Gogo has been sold short.

Short Interest Ratio / Days to Cover

Gogo has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Gogo has recently increased by 8.41%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Gogo does not currently pay a dividend.

Dividend Growth

Gogo does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

27.09% of the float of Gogo has been sold short.

Short Interest Ratio / Days to Cover

Gogo has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Gogo has recently increased by 8.41%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: N/A

News Sentiment

Gogo has a news sentiment score of 1.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Gogo this week, compared to 5 articles on an average week.

Search Interest

6 people have searched for GOGO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Gogo insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.00% of the stock of Gogo is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

69.60% of the stock of Gogo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GOGO Stock Analysis - Frequently Asked Questions

How have GOGO shares performed this year?

Gogo's stock was trading at $10.13 at the beginning of the year. Since then, GOGO shares have decreased by 23.6% and is now trading at $7.74.
View the best growth stocks for 2024 here.

How were Gogo's earnings last quarter?

Gogo Inc. (NASDAQ:GOGO) released its quarterly earnings results on Wednesday, August, 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.06. The firm's revenue was down 1.1% on a year-over-year basis.

Who are Gogo's major shareholders?

Top institutional shareholders of Gogo include FMR LLC (4.49%), State Street Corp (1.96%), LB Partners LLC (1.61%) and Geode Capital Management LLC (1.19%). Insiders that own company stock include Charles C Townsend, Marguerite M Elias, Karen Jackson, Jessica Betjemann and Harris N Williams.
View institutional ownership trends.

How do I buy shares of Gogo?

Shares of GOGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Gogo own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Gogo investors own include American Water Works (AWK), AUO (AUOTY), DiamondRock Hospitality (DRH), Waste Connections (WCN), The RMR Group (RMR), Humana (HUM) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communication services, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NASDAQ:GOGO
• Previous Symbol: NASDAQ:GOGO
• CUSIP: N/A
• CIK: 1537054
• Web: www.gogoair.com
• Phone: (303) 301-3271
• Fax: N/A
• Employees: 457
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.17
• High Stock Price Target: $15.50
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +57.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.43
• Trailing P/E Ratio: 18.00
• Forward P/E Ratio: 19.35
• P/E Growth: N/A
• Net Income: $145.68 million
• Net Margins: 13.94%
• Pretax Margin: 18.19%
• Return on Equity: 121.96%
• Return on Assets: 7.91%

Debt

• Debt-to-Equity Ratio: 11.07
• Current Ratio: 3.58
• Quick Ratio: 2.81

Sales & Book Value

• Annual Sales: $397.58 million
• Price / Sales: 2.45
• Cash Flow: $0.83 per share
• Price / Cash Flow: 9.27
• Book Value: $0.32 per share
• Price / Book: 24.19

Miscellaneous

• Outstanding Shares: 125,780,000
• Free Float: 93,076,000
• Market Cap: $973.54 million
• Optionable: Optionable
• Beta: 1.10