Mogo (NASDAQ:MOGO) Shares Down 1.9% – Time to Sell?
by Teresa Graham · The Cerbat GemMogo Inc (NASDAQ:MOGO – Get Free Report)’s share price traded down 1.9% during trading on Monday . The stock traded as low as $1.03 and last traded at $1.04. 10,894 shares traded hands during trading, a decline of 100% from the average session volume of 2,693,901 shares. The stock had previously closed at $1.06.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mogo in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.00.
Mogo Stock Performance
The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $24.93 million, a P/E ratio of 4.52 and a beta of 2.71. The company’s 50 day moving average is $1.05 and its 200-day moving average is $1.20.
Institutional Trading of Mogo
Large investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new position in Mogo during the 3rd quarter worth approximately $220,000. Tidal Investments LLC grew its stake in Mogo by 9.8% in the second quarter. Tidal Investments LLC now owns 1,327,179 shares of the company’s stock valued at $1,672,000 after acquiring an additional 118,754 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Mogo by 80.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 214,100 shares of the company’s stock valued at $229,000 after acquiring an additional 95,248 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Mogo during the fourth quarter valued at approximately $26,000. Finally, XTX Topco Ltd acquired a new position in shares of Mogo during the fourth quarter worth approximately $25,000. 14.79% of the stock is currently owned by institutional investors and hedge funds.
Mogo Company Profile
Mogo Inc is a Vancouver-based financial technology company that offers a suite of digital banking and personal finance products through a mobile-first platform. The firm’s core mission is to empower consumers with tools to manage their money, monitor their credit, and guard against identity fraud, all delivered via a unified smartphone application. By integrating multiple financial services into one interface, Mogo aims to simplify day-to-day money management and foster healthier financial habits among its members.
The company’s flagship offering is a prepaid Visa card that links directly to its app, enabling users to track spending in real time without the risk of overdraft fees associated with traditional credit cards.