The stock of Gogo Inc (NASDAQ:GOGO) last traded at $11.00, up 45.31% from the previous session.
GOGO stock price is now 46.24% away from the 50-day moving average and 43.91% away from the 200-day moving average. The market capitalization of the company currently stands at $1.45B.
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On November 01, 2022, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $14 to quote $15, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, TOWNSEND CHARLES C, Director bought 101,956 shares of the company’s stock on Mar 18 ’25. The stock was bought for $687,183 at an average price of $6.74. Upon completion of the transaction, the Director now directly owns 1,940,688 shares in the company, valued at $21.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Director TOWNSEND CHARLES C bought 98,044 shares of the business’s stock. A total of $644,149 was incurred on buying the stock at an average price of $6.57. This leaves the insider owning 1,838,732 shares of the company worth $20.23 million. A total of 51.73% of the company’s stock is owned by insiders.
During the past 12 months, Gogo Inc has had a low of $6.17 and a high of $11.00. As of last week, the company has a debt-to-equity ratio of 11.00, a current ratio of 1.84, and a quick ratio of 1.36.
The net profit margin was -0.82% and return on equity was -6.47% for GOGO. The company reported revenue of $137.8 million for the quarter, compared to $97.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.88 percent.
