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Gogo Inc.
GOGO Details
Gogo Inc. (NASDAQ: GOGO) is the world's leading provider of business aviation broadband connection services. It designs, builds, and operates specialized air-to-ground (ATG) networks, engineers and maintains proprietary hardware and software in-flight systems, and provides aviation partners with configurable connectivity and wireless entertainment services. GOGO earns money by selling equipment and services, including narrowband satellite-based phone and data services, made possible by agreements with satellite providers.
Latest News:
9MFY21 Results:
Key Risks:
Outlook:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
GOGO Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
GOGO's share price has fallen 1.89% in the past month and is currently trading around the mid-band of the 52-week range of USD 9.11 to USD 19.49. The stock is currently trading between its 50 and 200 DMA levels, and its RSI Index is at 48.27. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 16.50.
Considering the company's growth prospects, recent collaboration, strong tailwinds of activity, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the current price of USD 13.52, up 0.82% as of December 21, 2021, 9:44 AM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Retractable Technologies, Inc.
RVP Details
Retractable Technologies, Inc. (NYSE: RVP) is a designer and manufacturer of safety syringes and other medical safety devices for the healthcare industry. VanishPoint's products include insulin syringes, tuberculin syringes, allergy antigen syringes, blood collection tube holders, tube adapters, allergy trays, IV safety catheters, VanishPoint blood collection set, and needles. It offers VanishPoint autodisable syringes over the world in addition to its other items. As of December 21, 2021, the company’s market capitalization stood at USD 252.22 million.
Latest News:
Q3FY21 Results:
Key Risks:
Outlook:
RVP Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
RVP's stock price has declined 43.20% in the past nine months and is currently trading close to the lower band of its 52-week range of USD 6.57 to USD 21.50. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 40.35.
Considering the company's track record, high profitability margin, consistent dividend yield, current valuation, and associated risks, we recommend a "Speculative Buy" rating on the stock at the closing price of USD 7.31, down 2.14%, as of December 21, 2021.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
* Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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