For its third fiscal quarter (ending September 30), Gogo Inc (NASDAQ: GOGO) has reported a -50% decline in E.P.S. from $0.16 a year ago to $0.08 in the current quarter. For the latest four quarters through September 30, E.P.S. were $0.44 versus $1.23 for the same period a year ago — a decline of -64%.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock enjoyed a major increase of 30.2% on 11/5/24. The shares closed at $8.53. Moreover, this advance was accompanied by exceptionally high trading volume at 757% of normal. Relative to the market the stock has been weak over the last nine months but has risen 18.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GOGO is expected to continue to be a major Value Builder.
Gogo has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gogo has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 44, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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