GOGO Stock Summary and Trading Ideas (Gogo | NASDAQ:GOGO)

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 April 23, 2024, GOGO stock price climbed to $8.59 with 553,599 million shares trading.

GOGO has a beta of 0.58, meaning it tends to be less sensitive to market movements. GOGO has a correlation of 0.03 to the broad based SPY ETF.

GOGO has a market cap of $1.11 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 $7.53.

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 return of -38.4%, while the SPY ETF gained +24.3%. In the last 3 month period, GOGO fell short of the market, returning -6.9%, while SPY returned +4.6%. However, in the most recent 2 weeks GOGO has outperformed the stock market by returning -1.8%, while SPY returned -2.6%.

GOGO support price is $8.05 and resistance is $8.59 (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.