28-Mar-2024
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Gogo Testing for Global Broadband Antenna Achieves Major Milestone
PRNewswire (Thu, 28-Mar 7:01 AM ET)
Gogo Conducting 5G Software Testing with State-of-the-Art Virtual Flight Simulator
PRNewswire (Thu, 21-Mar 7:01 AM ET)
Gogo Announces Fourth Quarter and 2023 Results
PRNewswire (Wed, 28-Feb 7:01 AM ET)
Gogo Inc. to Report Fourth Quarter 2023 Financial Results on February 28, 2024
PRNewswire (Thu, 15-Feb 7:00 AM ET)
NetJets Signs New Connectivity Agreement Extending 20-Year Relationship with Gogo
PRNewswire (Wed, 7-Feb 7:01 AM ET)
Gogo Business Aviation Earns No. 1 Ranking on List of Best Places to Work in Colorado
PRNewswire (Fri, 2-Feb 7:01 AM ET)
PRNewswire (Wed, 31-Jan 4:56 PM ET)
Gogo Announces Board Member Retirement
PRNewswire (Fri, 5-Jan 9:20 AM ET)
Gogo Inc is a broadband connectivity service for the business aviation market. It provides a customizable suite of smart cabin systems for integrated connectivity, inflight entertainment, and voice solutions. Its business segment includes Business Aviation. It generates two types of revenue: service revenue consists of monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services. and equipment revenue consists of proceeds from the sale of ATG and narrowband satellite connectivity equipment and is recognized when control of the equipment is transferred to OEMs and dealers, which generally occurs when the equipment is shipped.
Gogo trades on the NASDAQ stock market under the symbol GOGO.
As of March 28, 2024, GOGO stock price climbed to $8.78 with 943,900 million shares trading.
GOGO has a beta of 0.71, meaning it tends to be less sensitive to market movements. GOGO has a correlation of 0.04 to the broad based SPY ETF.
GOGO has a market cap of $1.13 billion. This is considered a Small Cap stock.
Last quarter Gogo reported $98 million in Revenue and $.11 earnings per share. This beat revenue expectation by $1 million and met earnings estimates .
In the last 3 years, GOGO stock traded as high as $23.69 and as low as $7.76.
The top ETF exchange traded funds that GOGO belongs to (by Net Assets): IJR, VTI, IWM, VXF, VB.
GOGO has underperformed the market in the last year with a price return of -37.4% while the SPY ETF gained +33.6%. GOGO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.6% and -5.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
GOGO support price is $8.40 and resistance is $8.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GOGO stock will trade within this expected range on the day.