How to Buy Gogo Stock
Gogo Inc
Gogo Inc. , through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally.
Gogo stock last closed at $8.79, up 0.69% from the previous day, and has decreased 34.3% in one year. It has underperformed other stocks in the Telecom Services industry by 0.15 percentage points. Gogo stock is currently +16.73% from its 52-week low of $7.53, and -51% from its 52-week high of $17.94.
As of Apr 25, 2024, there are 128.07M shares of GOGO outstanding. The market capitalization of GOGO is $1.13B. In the last 24 hours, 647,027 GOGO shares were traded.
How to Buy Gogo Stock
Not sure how to invest in Gogo stock? Here's how.
- Figure out where to buy Gogo stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Gogo stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your information.
- Evaluate Gogo stock: The Gogo ticker symbol is GOGO. Is Gogo stock a good investment? Should you buy shares of GOGO? How do GOGO's underlying business fundamentals look? Do top analysts think Gogo is a good buy? Why has GOGO's stock price moved recently? (Hint: Our stock analysis website can help you figure out if GOGO is a good stock to buy).
- Execute your GOGO trade: Decide if you will purchase GOGO shares at the current market price or use a limit order to buy GOGO shares at a particular price.
- Get the latest news on your GOGO position: Create a watchlist to keep tabs on your investment in Gogo stock.
Step 1: Figure out where to buy Gogo stock
You need a brokerage account in order to access the NASDAQ market and buy GOGO stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global financial markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can invest in GOGO today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your brokerage account.
Step 4: Evaluate Gogo stock
Once you have identified the best place to buy Gogo stock, it's critical to analyze their stock before you invest, so you can wrap your head around the risk and upside.
Gogo shares quick numbers
GOGO Overview
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on GOGO's stock page.
Is GOGO stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GOGO's fair value.
Using relative valuations metrics:
- GOGO may be undervalued based on its P/E ratio of 7.85x, relative to Telecom Services industry P/E ratio of 112.13x
- GOGO could be overvalued based on its P/B ratio of 27.64x, relative to Telecom Services industry P/B ratio of 1.55x
- GOGO may be overvalued based on its PEG ratio of 1.22x
You can do additional valuation research on GOGO's stock here.
GOGO Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the GOGO balance sheet.
- GOGO profit margin has gone up from 22.8% to 36.6% in the past year.
- Total GOGO debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the GOGO balance sheet.
- GOGO earnings of $130.66M is not sufficient to cover its interest payments.
- GOGO's operating cash flow of $78.97M allows it to safely service it's debt of $667.80M.
- GOGO has a relatively high debt to equity ratio of 18.19.
Is it a good time to buy Gogo stock, according to analysts?
Out of 3 Wall Street analysts who give ratings on GOGO, the consensus analyst rating on Gogo is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Gogo stock forecast page.
GOGO Technical Indicators
GOGO Earnings
Last year, GOGO earnings were $145.68M. In the last 2 year, GOGO's earnings have gone up by -12.41% per year. This was slower than the Telecom Services industry average of 7.65%.
Last year, GOGO revenue was $397.58M. Over the past 5 year, GOGO's revenue has increased by 6.5% per year. This was faster than the Telecom Services industry average of 3.25%.
Dig into GOGO's earnings and revenue performance here.
Who is buying/selling GOGO?
In the past year, insiders at GOGO have bought more shares than they have sold.
Karen Jackson, For. EVP Chf People Exp. Off of GOGO, was the latest GOGO insider to sell. They sold $113,035.56 worth of GOGO shares on Apr 2, 2024.
Dig into more about who owns GOGO shares here.
Does GOGO provide a stable income stream?
No, Gogo doesn't provide an income stream by paying out dividends.
What do other traders have to say about GOGO?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your GOGO trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you need additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your GOGO position
Now that you own some shares in GOGO, you'll want to stay up-to-date on your new investment.
Create a watchlist to keep track of your GOGO stock.
GOGO Feed
How to Buy Stock in Gogo
To summarize, here are the 6 steps you need to take to buy Gogo stock right now:
- Figure out where to buy Gogo stock
- Create your brokerage account
- Deposit money your investment account
- Evaluate Gogo stock
- Execute your GOGO trade
- Get the latest news on your GOGO position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Gogo, click the button below.
Trending Content
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.