GOL stock: buy or sell?

GOL stock price: $17.19 -1.38% At close on August 19th, 2019

Updated on:
August 19th, 2019

1

Gol Linhas Aereas Inteligentes decreased an awful -1.38% and closed at $17.19. Monday was the 4th red session in a row, sliding in full a -10.94%. On Wednesday GOL plummed a scary -7.47%.

GOL Linhas Aéreas Inteligentes S.A. provides airline services in Brazil and internationally. It carries passengers to 53 destinations in Brazil, and 11 destinations in South America and the Caribbean on a fleet of 120 Boeing 737 aircraft.

Should I buy GOL stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Gol Linhas Aereas Inteligentes stock doesn't match any of these trading strategies, so our recommendation is not to buy.

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 GOL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Gol Linhas Aereas Inteligentes stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 4 ratings published for GOL stock in the last month.

Is GOL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-13Buckingham ResearchBuyNeutral
2019-7-3Goldman Sachs GroupBuyNeutral
2019-6-10Morgan StanleyEqual WeightOverweight
2019-1-17UBS GroupNeutralSell

GOL stock analysis

Daily outlook

Shares of Gol Linhas Aereas Inteligentes closed today at $17.19 and decreased an awful -1.38%.

Gol Linhas Aereas Inteligentes shares decreased -1.38% to $17.19 today. On May GOL price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since last July when SMA50d and SMA100d crossed up, GOL price slipped $-0.73 per share (-4.07%).

GOL stock chart (daily)

Weekly outlook

After sliding a scary -17.33% in a week last week, Gol Linhas Aereas Inteligentes closed this week at $17.19 and decreased a bad -1.38%. Early July GOL climbed an outstanding 19.62% in just one week. This was the 3rd red week in a row, sliding in full a -20.66%.

Once Gol Linhas Aereas Inteligentes shares failed to resist above the support, it inevitably fell deeper. Possible next supports for GOL stock are 16.082, 14.6435 and 9.76. Since price and SMA40w lines crossed up late May, GOL climbed $7.27 (73.29%). Late December 2018, SMA20w and SMA40w crossed up triggering a rise of 37.52%.

GOL stock chart (weekly)

GOL stock price history

GOL stock went public on June 24th, 2004 with a price of $17.001. Since then, GOL stock surged a 1.10%, with an average of 0.10% per year. If you had invested right after GOL's IPO a $1,000 in GOL stock in 2004, it would worth $11.00 today.

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

GOL stock historical price chart

GOL stock reached 52-week highs on August/1 at $23.30, and all-time highs 2006-05-09 with a price of 75.77.

GOL stock price target is $17.90

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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. We have 3 price forecasts for Gol Linhas Aereas Inteligentes stock posted in the last 30 days:
GOL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-13Buckingham ResearchDowngradesn/a$19.00-
2019-7-3Goldman Sachs GroupDowngradesn/a$16.80-
2019-6-10Morgan StanleyUpgrades$14.50$18.0024.1%
(in average)$14.50$17.9023.0%
Moving in a range from $19.00 and $16.80, the price prediction for Gol Linhas Aereas Inteligentes stock is $17.90. In average, analysts' outlook on GOL price target is positive, improving the forecast by a 23.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Gol Linhas Aereas Inteligentes presented its financial report, posting a super good growth for the Earnings per Share (EPS). Analyst were expecting $0.21 per share, but Gol Linhas Aereas Inteligentes posted $0.38.
GOL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-3.41n/a
2017-Q3-n/a2.35n/a
2017-Q42018-03-070.250.24-4.0%
2018-Q12018-05-090.420.420.0%
2018-Q22018-08-02-0.27-0.45n/a
2018-Q32018-11-01-0.1-0.32n/a
2018-Q42019-02-280.210.3881.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a very good increase of 7.90% to $11,411.40 M USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) eased a -9.69% to -9.51%.

GOL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$8,960 M-$-796.55 M-8.9%-
2014$3,788 M-57.72%$-468.95 M-12.4%-41.13%
2015$9,778 M158.13%$-4,460.88 M-45.6%851.24%
2016$9,721 M-0.59%$846 M8.7%-118.96%
2017$10,576 M8.80%$19 M0.2%-97.73%
2018$11,411 M7.90%$-1,085.39 M-9.5%-5,757.79%

Quarterly financial results

Gol Linhas Aereas Inteligentes reported $3,200.87 million in revenues for 2018-Q4, a 10.67% up compared to previous quarter. Reported quarter earnings marked $502.36 million with a profit margin of 15.69%. Profit margin climbed a 29.84% compared to previous quarter when profit margin was -14.15%. When comparing turnover to same quarter last year, Gol Linhas Aereas Inteligentes sales marked a dazzling growth and boosted a 236.17%. Looking back to recent quarterly results, Gol Linhas Aereas Inteligentes posted 2 positive quarters in a row.
GOL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,230 M-$-474.55 M-21.3%-
2017-Q3$859 M-61.47%$103.56 M12.1%-121.82%
2017-Q4$952 M10.83%$1.35 M0.1%-98.70%
2018-Q1$2,964 M211.32%$147.47 M5.0%10,833.33%
2018-Q2$2,354 M-20.59%$-1,325.98 M-56.3%-999.15%
2018-Q3$2,892 M22.88%$-409.24 M-14.1%-69.14%
2018-Q4$3,201 M10.67%$502.36 M15.7%-222.75%
2019-Q1$3,211 M0.31%$-32.31 M-1.0%-106.43%

Gol Linhas Aereas Inteligentes ownership

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

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Gol Linhas Aereas Inteligentes, 0.00% of all outstanding shares are owned by its staff.

In case of Gol Linhas Aereas Inteligentes stock, 14.45% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for GOL stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Gol Linhas Aereas Inteligentes:

GOLAVHCEACPADAL
Market cap$3.0 B$454.9 M$7.0 B$3.3 B$38.1 B
Total shares174.9 M124.6 M289.4 M31.3 M654.7 M
Float shares115.5 M41.2 M90.6 M31.5 M574.5 M
  - Institutional holdings (%)14.4%22.5%0.2%95.8%0.0%
  - Insider holdings (%)0.0%0.0%0.0%0.0%49.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

GOL summary

Monday, August 19th, 2019
Open$17.81
Close$17.19
Day range$16.99 - $17.96
Previous close$17.43
Session gain-1.38%
Average true range$1.07
50d mov avg$19.01
100d mov avg$15.65
200d mov avg$14.26
Daily pattern
Weekly pattern lt06c

Gol Linhas Aereas Inteligentes performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Gol Linhas Aereas Inteligentes against Avianca, China Eastern Airlines, Copa, Delta Air Lines, LATAM Airlines and Controladora Vuela Compania de Aviacion, S.A.B. de in the following table:
Stock3m6m12m
GOLGol Linhas Aereas...40.10%16.46%235.74%
AVHAvianca18.12%-19.43%-34.82%
CEAChina Eastern Air...-17.88%-23.24%-14.75%
CPACopa17.92%16.79%27.57%
DALDelta Air Lines8.20%15.14%4.40%
LTMLATAM Airlines5.24%-22.66%-7.05%
VLRSControladora Vuel...-6.30%13.16%23.17%

Gol Linhas Aereas Inteligentes competitors

We picked a few stocks to conform a list of Gol Linhas Aereas Inteligentes competitors to examine if you are interested in investing in GOL: