Gogo stock: buy or sell?

GOGO stock price: $1.71 -13.64% At close on April 6th, 2020

Updated on:
April 6th, 2020

1

Gogo ended today at $1.71 and plunged a hair-raising -13.64%. On March/30 GOGO climbed a dazzling 8.62%.

Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally.

Should I buy Gogo stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Gogo stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean GOGO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Gogo stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for GOGO stock for the last 30 days.

Gogo stock analysis

Daily outlook

Gogo shares plunged -13.64% to $1.71 today.

Gogo plunged a hair-raising -13.64% and closed at $1.71. Since price and SMA200d lines crossed down on February, GOGO fell $-3.73 per share (-68.57%). GOGO marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $3.58 would break this short term down trend and open possibilities for reversing this situation.

GOGO stock chart (daily)

Weekly outlook

Gogo collapsed a spooky -13.64% this week. By mid March GOGO skyrocketed an exceptional 17.41% in just one week. This was the 3rd red week in a row, sliding in full a -44.39%.

Since price and 40-weeks moving average lines crossed down early February, GOGO fell $-3.55 per share (-67.49%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

GOGO stock chart (weekly)

Gogo stock price history

Gogo IPO was on June 21st, 2013 at $16.00 per share1. Since then, GOGO stock sliced a -89.30%, with a yearly average of -14.90%.

1: Adjusted price after possible price splits or reverse-splits.

Gogo stock historical price chart

GOGO stock reached 52-week highs on September at $7.23, and all-time highs 2013-12-04 with a price of 35.77.

Gogo stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price prediction for Gogo stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Gogo missed the expectations of the experts and posted a spooky EPS of $-0.55 per share when experts were expecting $-0.74.
GOGO earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.52n/a
2017-Q2-n/a-0.56n/a
2017-Q32017-11-02-0.51-0.57n/a
2017-Q42018-02-22-0.48-0.52n/a
2018-Q12018-05-04-0.59-0.34n/a
2018-Q22018-08-08-0.73-0.47n/a
2018-Q32018-11-06-0.71-0.47n/a
2018-Q42019-02-21-0.74-0.55n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Gogo annual revenues climbed an exceptional 27.85% to $893.76 million USD from $699.09 marked in 2017. Improving that, its earnings margin (compared to revenues) soared to -18.13%, that is $-162.03 million.

GOGO annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$328 M-$-145.85 M-44.5%-
2014$408 M24.49%$-84.54 M-20.7%-42.04%
2015$501 M22.62%$-107.61 M-21.5%27.30%
2016$597 M19.10%$-124.51 M-20.9%15.70%
2017$699 M17.19%$-172.00 M-24.6%38.14%
2018$894 M27.85%$-162.03 M-18.1%-5.79%

Quarterly financial results

Gogo posted $217.22 M in sales for 2018-Q4, a -0.02% less compared to previous quarter. Reported quarter income marked $-59.69 million with a profit margin of -27.48%. Profit margin plunged a -10.12% compared to previous quarter when profit margin was -17.36%. When comparing revenues to same quarter last year, Gogo sales marked an outstanding growth and boosted a 15.54%. Looking back to recent quarterly results, Gogo posted 3 positive quarters in a row.
GOGO quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$165 M-$-41.37 M-25.0%-
2017-Q2$173 M4.47%$-44.21 M-25.6%6.86%
2017-Q3$173 M0.04%$-45.28 M-26.2%2.42%
2017-Q4$188 M8.76%$-41.14 M-21.9%-9.15%
2018-Q1$232 M23.30%$-27.42 M-11.8%-33.35%
2018-Q2$227 M-1.88%$-37.21 M-16.4%35.70%
2018-Q3$217 M-4.48%$-37.72 M-17.4%1.37%
2018-Q4$217 M-0.02%$-59.69 M-27.5%58.25%

Gogo ownership

When you are planning to buy a stock, it's always worth to check its ownership structure.

Gogo shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 40.18% of all shares.

In case of Gogo stock, 74.79% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GOGO stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Gogo:

GOGO
Market cap$142.8 M
Total shares83.5 M
Float shares37.2 M
  - Institutional holdings (%)74.8%
  - Insider holdings (%)40.2%
Shares in short selling0.0%

Gogo summary

Monday, April 6th, 2020
Open$2.04
Close$1.71
Day range$1.69 - $2.06
Previous close$1.98
Session gain-13.64%
Average true range$0.43
50d mov avg$3.65
100d mov avg$4.67
200d mov avg$4.86
Daily patternlb06a
Weekly pattern lb06a

Gogo performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Gogo performance to :
Stock3m6m12m
GOGOGogo-69.13%-69.24%-59.48%

Gogo competitors

Unfortunately, we could not find any public company that could be defined as Gogo competitor. This doesn't mean Gogo does not have any competitor in the market, it's just we could not detected it.