Mogo Inc (NASDAQ:MOGO – Get Free Report) shares traded down 1.7% on Thursday . The stock traded as low as $0.8251 and last traded at $0.8255. Approximately 24,776 shares traded hands during trading, a decline of 99% from the average session volume of 2,693,901 shares. The stock had previously closed at $0.84.
Mogo Price 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 stock has a market capitalization of $19.79 million, a price-to-earnings ratio of 3.59 and a beta of 2.71. The business’s 50 day simple moving average is $0.78 and its 200-day simple moving average is $0.93.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in MOGO. XTX Topco Ltd bought a new stake in Mogo during the fourth quarter worth $25,000. Baader Bank Aktiengesellschaft bought a new position in shares of Mogo in the 4th quarter valued at $26,000. Centiva Capital LP acquired a new position in shares of Mogo during the 3rd quarter worth $30,000. Two Sigma Investments LP acquired a new position in shares of Mogo during the 3rd quarter worth $220,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Mogo by 80.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 214,100 shares of the company’s stock worth $229,000 after buying an additional 95,248 shares during the last quarter. 14.79% of the stock is owned by institutional investors.
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.
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