Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) closed Tuesday at $3.94 per share, down from $4.03 a day earlier. While Gol Linhas Aereas Inteligentes S.A. has underperformed by -2.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GOL rose by 19.39%, with highs and lows ranging from $5.59 to $2.00, whereas the simple moving average jumped by 22.55% in the last 200 days.
On July 11, 2023, Goldman Downgraded Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) to Neutral.
Analysis of Gol Linhas Aereas Inteligentes S.A. (GOL)
Further, the quarter-over-quarter increase in sales is 52.80%, showing a positive trend in the upcoming months.
As an indicator of volatility for any stock, average volume can also be very valuable, and GOL is recording an average volume of 1.48M. On a monthly basis, the volatility of the stock is set at 5.09%, whereas on a weekly basis, it is put at 5.48%, with a loss of -6.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.65, showing growth from the present price of $3.94, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 4.86% 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 increased by 23.83% in the first quarter. The company now owns 885,619 shares of the stock, with a value of $4.84 million, following the purchase of 170,422 additional shares during the last quarter. Morgan Stanley Uruguay Ltda. made another increased to its shares in GOL during the first quarter, upping its stake by 733.07%. During the last quarter, the company dropped down 578,625 additional shares for a total stake of worth $3.59 million, bringing number of shares owned by the company to 657,557.
At the end of the first quarter, Bank of America, NA increased its GOL holdings by 0.28% and now holds 0.4 million GOL shares valued at $2.16 million with the added 1089.0 shares during the period. GOL shares are owned by institutional investors to the tune of 4.86% at present.