Stock Rating Downgrade
In recent days the Value Trend Rating for Gogo Inc (NASDAQ: GOGO) fell significantly from C to F reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock rose slightly by 0.2% on 3/8/24. The stock closed at $8.88. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 8.8% during the last week.
Current PriceTarget Research Rating
GOGO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Gogo has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Gogo has a neutral Appreciation Score of 46 but a very low Power Rating of 12, with the Lowest Value Trend Rating the result.
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