As of Monday, Gol Linhas Aereas Inteligentes S.A.’s (NYSE:GOL) stock closed at $2.53, down from $2.63 the previous day. While Gol Linhas Aereas Inteligentes S.A. has underperformed by -3.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GOL fell by -64.84%, with highs and lows ranging from $7.94 to $2.00, whereas the simple moving average fell by -22.06% in the last 200 days.
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On March 20, 2023, UBS Upgraded Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) to Neutral. A report published by Barclays on July 06, 2022, Downgraded its rating to ‘Equal Weight’ for GOL. Seaport Research Partners also Upgraded GOL shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated April 26, 2022. Barclays initiated its ‘Overweight’ rating for GOL, as published in its report on October 25, 2021. BofA Securities also rated the stock as ‘Underperform’.
Analysis of Gol Linhas Aereas Inteligentes S.A. (GOL)
Further, the quarter-over-quarter increase in sales is 61.70%, showing a positive trend in the upcoming months.
One of the most important indicators of Gol Linhas Aereas Inteligentes S.A.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 7.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GOL is recording 1.66M average volume. On a monthly basis, the volatility of the stock is set at 8.04%, whereas on a weekly basis, it is put at 5.25%, with a gain of 6.30% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.01, showing growth from the present price of $2.53, which can serve as yet another indication of whether GOL is worth investing in or should be passed over.
How Do You Analyze Gol Linhas Aereas Inteligentes S.A. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 64.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 6.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in GOL shares?
The recent increase in stakes in GOL appears to be a result of several institutional investors and hedge funds increasing their positions. Morgan Stanley & Co. LLC’s position in GOL has decreased by -49.03% in the first quarter. The company now owns 715,197 shares of the stock, with a value of $1.54 million, following the sale of -687,914 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in GOL during the first quarter, downing its stake by -1.76%.
At the end of the first quarter, Bank of America, NA increased its GOL holdings by 85.82% and now holds 0.39 million GOL shares valued at $0.85 million with the added 0.18 million shares during the period. GOL shares are owned by institutional investors to the tune of 6.70% at present.
