Up 90% in 2025, Is Gogo Stock Headed for Turbulence?
The stock has a 100% technical 'Buy' signal via Barchart and is trading above its key moving averages.
Shares are up more than 90% in 2025 so far, and up 43% in just the last month.
Analysts project significant revenue and earnings growth for the next two years.
Valued at $2 billion, Gogo (GOGO) is the leading provider of in-flight connectivity and wireless entertainment solutions for the global aviation industry. It currently provides services on approximately 9,600 aircraft, which represents more than 20% of the global commercial and business jet aircraft fleet.
Gogo has partnerships with 14 commercial airlines and is installed on more than 2,500 commercial aircraft. Nearly 7,000 business aircraft are also flying with its solutions, including the world's largest fractional ownership fleets.
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I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. GOGO checks those boxes. Since the Trend Seeker signaled a buy on May 12, the stock has gained 25.08%.
GOGO Price vs. Daily Moving Averages:
Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Gogo shares hit a new 52-week high on July 3, touching $15.78 in intraday trading.
Gogo has a 100% technical 'Buy' signal.
The stock recently traded at $15.46, above its 50-day moving average of $11.32.
GOGO has a Weighted Alpha of +67.40.
The stock has gained 58.08% over the past year.
GOGI has its Trend Seeker 'Buy' signal intact.
Gogo is trading above its 20, 50 and 100-day moving averages.
The stock has made 10 new highs and gained 43.15% in the last month.
Relative Strength Index is at 76.71%.
The technical support level is $15.30.
$2 billion market cap.
Trailing price-earnings ratio of 32.94x.
Revenue is projected to grow 103.37% this year and 118.05% next year.
Earnings are estimated to increase 71.86% this year and increase 52.78% next year.
I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide.
It looks like Wall Street analysts have very mixed feelings and some major advisory sites think the stock may be priced too high for further price appreciation.
The Wall Street analysts tracked by Barchart issued two 'Strong Buy" and two 'Hold' opinions on the stock.
Value Line gives the stock its highest rating.
CFRA's MarketScope rates the stock a 'Sell.'
MorningStar thinks the stock is 12% undervalued.
18,100 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.'
Gogo currently has momentum but may have peaked.
I caution that GOGO is volatile and speculative — use strict risk management and stop-loss strategies.
Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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