Mogo (NASDAQ:MOGO) Stock Price Down 7.4% – What’s Next?

by · The Cerbat Gem

Mogo Inc (NASDAQ:MOGO – Get Free Report) shares were down 7.4% during mid-day trading on Monday . The company traded as low as $1.19 and last traded at $1.19. Approximately 38,455 shares were traded during trading, a decline of 72% from the average daily volume of 139,002 shares. The stock had previously closed at $1.2850.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial reiterated an “outperform” rating on shares of Mogo in a report on Friday, August 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Mogo in a research report on Wednesday, November 26th. Wall Street Zen lowered Mogo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered Mogo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.00 target price on shares of Mogo in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.00.

Read Our Latest Analysis on MOGO

Mogo Stock Down 7.4%

The company has a market capitalization of $28.50 million, a P/E ratio of 5.17 and a beta of 2.71. The company has a 50 day moving average of $1.59 and a 200-day moving average of $1.63. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in shares of Mogo in the 1st quarter valued at approximately $35,000. Tidal Investments LLC lifted its holdings in shares of Mogo by 9.8% during the second quarter. Tidal Investments LLC now owns 1,327,179 shares of the company’s stock valued at $1,672,000 after purchasing an additional 118,754 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Mogo in the 3rd quarter worth approximately $220,000. Finally, Centiva Capital LP purchased a new stake in shares of Mogo in the 3rd quarter worth approximately $30,000. Institutional investors own 14.79% of the company’s stock.

About Mogo

(Get Free Report)

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.

Featured Stories