Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Gogo Inc (NASDAQ: GOGO) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Gogo Inc (NASDAQ: GOGO) stock closed at $7.63 on 8/9/24 after a modest decline of -1.4%. Moreover, above average trading volume at 122% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -11.9% 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gogo has a slightly negative Power Rating of 39 and a poor Appreciation Score of 22, resulting in the Negative Value Trend Rating.
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