GOL stock: buy or sell?
October 18th, 2019
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. 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 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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Gol Linhas Aereas Inteligentes stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we gathered 4 ratings published for GOL stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-3||Goldman Sachs Group||Buy||Neutral|
|2019-6-10||Morgan Stanley||Equal Weight||Overweight|
GOL stock analysis
Gol Linhas Aereas Inteligentes shares decreased -0.35% to $17.13 on Oct 18th.
Gol Linhas Aereas Inteligentes shares decreased -0.35% to $17.13 on Oct 18th. On Oct/3 GOL price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Price climbed above $16.50 breaking the short term down trend. $16.50 should act now as a support and could be tested in the coming days.
Gol Linhas Aereas Inteligentes raised a slightly fine 1.18% this week. By mid September GOL plunged a spooky -7.37% in just one week. Counting this, it's been 3 green weeks in a row, gaining $1.75 or 11.02%. Late September GOL skyrocketed an astounding 6.05% in just one week.
Late May GOL price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA20d and SMA40w crossed up late December 2018, GOL price climbed $4.63 per share (37.04%).
GOL stock price history
GOL stock went public on June 24th, 2004 with a price of $17.001. Since then, GOL stock grew a 0.80%, with an average of 0.10% per year. If you had invested $1,000 in GOL stock in 2004, it would worth $8.00 today.
1: Adjusted price after possible price splits or reverse-splits.
GOL stock historical price chart
GOL stock reached 52-week highs on August at $23.30, and all-time highs 2006-05-09 with a price of 75.77.
GOL stock price target is $17.90How 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. For the last month we found 3 price predictions for GOL stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-3||Goldman Sachs Group||Downgrades||n/a||$16.80||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareGol Linhas Aereas Inteligentes reported super good results for 2018-Q4 on February. Gol Linhas Aereas Inteligentes rocketed Earnings per Share (EPS) by 81.00%, beating experts estimates of $0.21. Gol Linhas Aereas Inteligentes posted $0.38.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Gol Linhas Aereas Inteligentes annual turnover rose a great 7.90% to $11,411.40 M dollars from $10,576.00 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) slipped a -9.69% to -9.51%.
|2013||$8,960 M||-||$-796.55 M-8.9%||-|
|2014||$3,788 M||-57.72%||$-468.95 M-12.4%||-41.13%|
|2015||$9,778 M||158.13%||$-4,460.88 M-45.6%||851.24%|
|2016||$9,721 M||-0.59%||$846 M8.7%||-118.96%|
|2017||$10,576 M||8.80%||$19 M0.2%||-97.73%|
|2018||$11,411 M||7.90%||$-1,085.39 M-9.5%||-5,757.79%|
Quarterly financial resultsGol Linhas Aereas Inteligentes reported $3,200.87 million in revenues for 2018-Q4, a 10.67% improvement compared to previous quarter. Reported quarter income 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 sales to same quarter last year, Gol Linhas Aereas Inteligentes sales marked an extraordinary growth and skyrocketed a 236.17%. Looking back to recent quarterly results, Gol Linhas Aereas Inteligentes posted 2 positive quarters in a row.
|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 M||10.83%||$1.35 M0.1%||-98.70%|
|2018-Q1||$2,964 M||211.32%||$147.47 M5.0%||10,833.33%|
|2018-Q2||$2,354 M||-20.59%||$-1,325.98 M-56.3%||-999.15%|
|2018-Q3||$2,892 M||22.88%||$-409.24 M-14.1%||-69.14%|
|2018-Q4||$3,201 M||10.67%||$502.36 M15.7%||-222.75%|
|2019-Q1||$3,211 M||0.31%||$-32.31 M-1.0%||-106.43%|
Gol Linhas Aereas Inteligentes ownershipWhen you are planning to buy shares of a stock, it's worth to have a look 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:
|Market cap||$3.0 B||$528.4 M||$8.2 B||$3.2 B||$35.0 B|
|Total shares||175.0 M||124.6 M||327.6 M||31.3 M||650.2 M|
|Float shares||115.5 M||39.1 M||84.9 M||31.5 M||574.5 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$17.13 - $17.44|
|Average true range||$0.64|
|50d mov avg||$16.54|
|100d mov avg||$17.49|
|200d mov avg||$15.30|
Gol Linhas Aereas Inteligentes performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the 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:
|GOLGol Linhas Aereas...||-16.36%||41.10%||96.44%|
|CEAChina Eastern Air...||-14.03%||-33.78%||-3.56%|
|DALDelta Air Lines||-11.05%||-6.30%||3.44%|