Media headlines about Gogo Inflight Internet (NASDAQ:GOGO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gogo Inflight Internet earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.0123975011384 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Implied Volatility Surging for Gogo Business Aviation (GOGO) Stock Options (finance.yahoo.com)
- Global Inflight Internet System Market 2018 – Thales, Panasonic, Honeywell, Gogo, Donica, Feitian-Tech (digitaljournal.com)
- Gogo Inflight Internet (GOGO) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Gogo Inflight Internet (GOGO) Downgraded by BidaskClub (americanbankingnews.com)
- OneWeb Looks To Disrupt Inflight Connectivity Market With LEO Network (aviationweek.com)
NASDAQ:GOGO traded up $0.04 during trading on Thursday, reaching $8.63. 846,203 shares of the stock were exchanged, compared to its average volume of 1,070,070. The company has a market cap of $758.15, a price-to-earnings ratio of -3.98 and a beta of 1.45. Gogo Inflight Internet has a twelve month low of $8.45 and a twelve month high of $14.76. The company has a current ratio of 1.87, a quick ratio of 1.73 and a debt-to-equity ratio of -5.22.
GOGO has been the topic of a number of research reports. Northland Securities set a $6.00 price objective on shares of Gogo Inflight Internet and gave the stock a “sell” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lowered shares of Gogo Inflight Internet from an “overweight” rating to a “neutral” rating in a research report on Friday, February 23rd. William Blair reissued a “buy” rating on shares of Gogo Inflight Internet in a research report on Thursday, February 15th. BidaskClub lowered shares of Gogo Inflight Internet from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, Zacks Investment Research raised shares of Gogo Inflight Internet from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.80.
In other news, Director Charles C. Townsend bought 100,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average cost of $9.32 per share, for a total transaction of $932,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.30% of the stock is currently owned by insiders.
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About Gogo Inflight Internet
Gogo Inc, through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA).
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