Can Gol Linhas Aereas Inteligentes S.A. (GOL) stock recover despite sales dropping?

In yesterday’s Wall Street session, Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) shares traded at $4.06, down -5.58% from the previous session.

14 analysts cover Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.29, we find $4.72. Given the previous closing price of $4.30, this indicates a potential upside of 9.77 percent. GOL stock price is now -2.65% away from the 50-day moving average and 26.37% away from the 200-day moving average. The market capitalization of the company currently stands at $796.86M.

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The stock has received a hold rating from 11 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $4.69 as their price target over the next twelve months.

With the price target enhanced from $4.80 to $5.65, Goldman Downgraded its rating from Buy to Neutral for Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL).

A total of 64.00% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in GOL stock. A new stake in Gol Linhas Aereas Inteligentes S.A. shares was purchased by GOLDMAN SACHS GROUP INC during the first quarter worth $2,891,000. JUMP FINANCIAL, LLC invested $267,000 in shares of GOL during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Gol Linhas Aereas Inteligentes S.A. valued at approximately $266,000. SQUAREPOINT OPS LLC acquired a new stake in GOL for approximately $132,000. CAPROCK GROUP, LLC purchased a new stake in GOL valued at around $89,000 in the second quarter. In total, there are 72 active investors with 6.70% ownership of the company’s stock.

On Thursday morning Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) stock kicked off with the opening price of $4.4100. During the past 12 months, Gol Linhas Aereas Inteligentes S.A. has had a low of $2.00 and a high of $5.59. The fifty day moving average price for GOL is $4.1892 and a two-hundred day moving average price translates $3.2136 for the stock.

The latest earnings results from Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) was released for Mar, 2023. According to the Airlines Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.01 by 0.56. This compares to $2.53 EPS in the same period last year. The net profit margin was -21.00% and return on equity was 16.80% for GOL. The company reported revenue of $947.14 million for the quarter, compared to $616.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.66 percent. For the current quarter, analysts expect GOL to generate $834.88M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 08/21/2015. Investors who held shares on 07/27/2015 were paid a $0.000565 dividend.

Gol Linhas Aereas Inteligentes S.A.(GOL) Company Profile

GOL Linhas Aéreas Inteligentes S.A. provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil and internationally. The company offers Smiles, a frequent-flyer programs to approximately 20.5 million members, allowing clients to accumulate and redeem miles. It operates a fleet of 146 Boeing 737 aircrafts with 674 daily flights. The company was founded in 2000 and is headquartered in São Paulo, Brazil.

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