Gol Linhas Aereas Inteligentes S.A. (GOL) Stock: Worthy of a Trade, Wary of an Investment

The stock of Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) has been Downgraded to Neutral from Buy by Buckingham Research in its latest research note that was published on August 13. Goldman analysts bumped their recommendation on GOL stock from Neutral to Buy in a separate flash note to investors on July 03. Analysts at Morgan Stanley issued an upgrade fromEqual-Weight to Overweight for the stock, in a research note that dated back to June 10.

Gol Linhas Aereas Inteligentes S.A., which has current market capitalization of above $2 Billion, published its last quarter earnings on June 30, 2019.

GOL surged by $0.89 during the normal trading session on Thursday and reaching a high of $17.68 during the day while it closed the day at $17.59. The Gol stock had a low trading volume of 0.98 million shares on that day, which is low compared to the average daily volume of 1.30M shares. GOL has also gained 6.80% of its value over the past 7 days. However, the stock has surged by 10.17% in the 3 months of the year. Over the past six months meanwhile, it has gained 26.21% while it has added 29.84% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -24.51% from its 3 months high price. However, taking another look at GOL will indicate that it is trading +16.25% away from its 90-day low. Looking at the bigger picture, the Gol Linhas Aereas Inteligentes S.A. stock has dropped by -24.51% from its 52-week high while it has surged by +297.07% from its 52-week low price.

Gol has around 358 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $2 Trillion. The Gol stock is bringing in revenue of over 12 months, which is roughly 720 Billion. Despite all that, Gol Linhas Aereas Inteligentes S.A. is seeing things progressing very much as their y-o-y quarterly revenue surged by 11.96%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 30.11%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 74.09%. Over the past 20 days, Gol’s Stochastic %K stood at 46.24% while its Stochastic %D was revealed to be 32.17%.