NASDAQ:GOGOGogo Stock Price, Forecast & News

$2.24

+0.04 (+1.82 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$2.14

Now: $2.24▼

$2.27

50-Day Range

$1.40

MA: $1.81▼

$2.40

52-Week Range

$1.33

Now: $2.24▼

$7.23

Volume1.91 million shs

Average Volume2.28 million shs

Market Capitalization$187.76 million

P/E RatioN/A

Dividend YieldN/A

Beta1.19

Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). The CA-NA segment offers inflight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The CA-ROW segment provides inflight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and flights outside of North America for North American based commercial airlines. The BA segment offers equipment for inflight connectivity, including voice and data services to the business aviation market. Its services include AVANCE, an inflight broadband service that utilizes air-to-ground (ATG) network and ATG spectrum; Passenger Entertainment, an inflight entertainment service; and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves aircraft manufacturers, owners, and operators, as well as government and military entities. The company was founded in 1991 and is headquartered in Chicago, Illinois.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Gogo has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.50, Gogo has a potential downside of 33.0% from its current price of $2.24.
Amount of Analyst Coverage
Gogo has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Gogo has received 337 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Gogo has received 467 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Gogo has received 58.08% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Gogo and other stocks. Vote “Outperform” if you believe GOGO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GOGO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Gogo does not currently pay a dividend.
Dividend Growth
Gogo does not have a long track record of dividend growth.

5.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gogo insiders have bought more of their company's stock than they have sold. Specifically, they have bought $36,176.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
40.00% 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
54.78% of the stock of Gogo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Gogo are expected to grow in the coming year, from ($2.39) to ($1.61) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gogo is -0.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gogo is -0.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Overall Beat the Market Rank^™

1.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Communication services, not elsewhere classified

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:GOGO

Previous Symbol

CUSIPN/A

CIK1537054

Webwww.gogoair.com

Phone312-517-5000

Debt

Debt-to-Equity RatioN/A

Current Ratio1.72

Quick Ratio1.26

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$835.73 million

Price / Sales0.22

Cash Flow$0.45 per share

Price / Cash Flow5.03

Book Value($4.52) per share

Price / Book-0.50

Profitability

EPS (Most Recent Fiscal Year)($1.24)

Net Income$-146,000,000.00

Net Margins-26.08%

Return on EquityN/A

Return on Assets-9.56%

Miscellaneous

Employees1,115

Outstanding Shares83,820,000

Market Cap$187.76 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Gogo (NASDAQ:GOGO) Frequently Asked Questions

How has Gogo's stock been impacted by COVID-19 (Coronavirus)?

Gogo's stock was trading at $2.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GOGO stock has decreased by 10.0% and is now trading at $2.24. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Gogo?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gogo in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Gogo.

When is Gogo's next earnings date?

Gogo is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Gogo.

How were Gogo's earnings last quarter?

Gogo Inc (NASDAQ:GOGO) released its quarterly earnings data on Monday, May, 11th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.37) by $0.10. The technology company earned $184.50 million during the quarter, compared to the consensus estimate of $167.44 million. The company's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.21) earnings per share. View Gogo's earnings history.

What price target have analysts set for GOGO?

3 equities research analysts have issued twelve-month price objectives for Gogo's shares. Their forecasts range from $1.00 to $2.00. On average, they expect Gogo's share price to reach $1.50 in the next twelve months. This suggests that the stock has a possible downside of 33.0%. View analysts' price targets for Gogo.

Has Gogo been receiving favorable news coverage?

Media stories about GOGO stock have been trending extremely negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gogo earned a news impact score of -4.6 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutGogo.

Who are some of Gogo's key competitors?

Some companies that are related to Gogo include Boingo Wireless (WIFI), ORBCOMM (ORBC), Remark (MARK), B Communications (BCOM), Intelsat (I), RigNet (RNET), Dropcar (DCAR), Lithium Co.. (LTUM), Global Eagle Entertainment (ENT), Plaintree Systems (PTEEF), Directview (DIRV), Towerstream (TWER), China Teletech (CNCT) and RadioIO (RAIO). View all competitors.

What other stocks do shareholders of Gogo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gogo investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Twitter (TWTR), Netflix (NFLX) and Transocean (RIG).

Who are Gogo's key executives?

Gogo's management team includes the following people:

Mr. Oakleigh B. Thorne, Pres, CEO & Director (Age 61)
Mr. Barry L. Rowan, CFO & Exec. VP (Age 62)
Mr. Jonathan B. Cobin, Chief Strategy Officer & Exec. VP of Corp. Devel. (Age 46)
Mr. John Wade, Pres of Commercial Aviation Division (Age 56)
Mr. Anand K. Chari, Strategic Technology Advisor (Age 52)

What is Gogo's stock symbol?

Gogo trades on the NASDAQ under the ticker symbol "GOGO."

Who are Gogo's major shareholders?

Gogo's stock is owned by many different retail and institutional investors. Top institutional investors include Mudrick Capital Management L.P. (10.42%), Morgan Stanley (4.34%), Morgan Stanley (4.34%), BlackRock Inc. (4.26%), Tenzing Global Management LLC (1.67%) and State Street Corp (1.31%). Company insiders that own Gogo stock include Charles C Townsend, Hugh W Jones, Michael P Bayer and Robert H Mundheim. View institutional ownership trends for Gogo.

Which institutional investors are selling Gogo stock?

GOGO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Tenzing Global Management LLC, New York State Common Retirement Fund, Two Sigma Advisers LP, Frontier Capital Management Co. LLC, Hodges Capital Management Inc., Spark Investment Management LLC, and Engineers Gate Manager LP. View insider buying and selling activity for Gogo.

Which institutional investors are buying Gogo stock?

GOGO stock was bought by a variety of institutional investors in the last quarter, including Mudrick Capital Management L.P., Morgan Stanley, Morgan Stanley, First Midwest Bank Trust Division, Nuveen Asset Management LLC, SG Americas Securities LLC, Acadian Asset Management LLC, and Premier Asset Management LLC. Company insiders that have bought Gogo stock in the last two years include Charles C Townsend, Hugh W Jones, and Robert H Mundheim. View insider buying and selling activity for Gogo.

How do I buy shares of Gogo?

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

What is Gogo's stock price today?

One share of GOGO stock can currently be purchased for approximately $2.24.

How big of a company is Gogo?

Gogo has a market capitalization of $187.76 million and generates $835.73 million in revenue each year. The technology company earns $-146,000,000.00 in net income (profit) each year or ($1.24) on an earnings per share basis. Gogo employs 1,115 workers across the globe.

What is Gogo's official website?

The official website for Gogo is www.gogoair.com.

How can I contact Gogo?

Gogo's mailing address is 111 NORTH CANAL STREET SUITE 1500, CHICAGO IL, 60606. The technology company can be reached via phone at 312-517-5000 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff