That is part of the reason it has been so volatile. The price target 1 year from now is suppose to be twenty seven dollars, and no analyst has given any reason to raise that target. So shorts think it is over valued over the target and pound on it.
You know, that was the same target when it was closed 18.75 on Nov 18th. Then, Nov 11th, GOGO gaps up after earnings revenue that went up 48%. GOGO closed $24 after that day. If Shorts think GOGO is worth less than $24, then I think they're wrong because it is AS IF the Sept quarter earnings DIDN'T happen. But, it did. The earnings were there. From Sept to Dec, I expect revenue continues to grow during the holidays travel season. I think the short term weather fiasco shouldn't affect them much.
These morons think they have this all figured out. This is becoming a cult stock, and can see stupid valuation from here like pos FB. Go with the flow and let the morons have a wristslitting party. LOL
No way it achieves cult status like FB or AMZN. There just is no way to get that lets take over the world speculation going for something as mundane as wireless on air planes. They have had wireless on planes for years and there are very few people who fly enough to use it at any price. I probably would have got it when I was on the road 90 percent of the year consulting which involved 2 or 3 flights per month, but I am not travelling like that anymore and there are very few people who do. It is a very niche market