Shares of Gogo Inc. Have Risen Above Previous 52-Week High
Gogo Inc. (NASDAQ: GOGO) traded today at a new 52-week high of $18.75. So far today approximately 3.5 million shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.
Over the past year, Gogo Inc. has traded in a range of $8.02 to $18.75 and is now at $18.45, 130% above that low.
Gogo Inc. is a U.S.-based in-flight connectivity system and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation.
The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.
Gogo Inc. has potential upside of 66.4% based on a current price of $18.45 and analysts’ consensus price target of $30.70.
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