Mogo (NASDAQ:MOGO) Stock Price Up 1.2% – Should You Buy?

Mogo Inc (NASDAQ:MOGO)’s stock price was up 1.2% during mid-day trading on Monday . The stock traded as high as $0.97 and last traded at $0.9031. Approximately 51,060 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 2,693,901 shares. The stock had previously closed at $0.8920.

Mogo Stock Up 1.2%

The stock has a market cap of $21.65 million, a P/E ratio of 3.93 and a beta of 2.71. The firm has a 50 day simple moving average of $0.97 and a 200-day simple moving average of $1.06. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.42.

Hedge Funds Weigh In On Mogo

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Mogo in the fourth quarter valued at about $25,000. Baader Bank Aktiengesellschaft acquired a new position in Mogo in the 4th quarter valued at about $26,000. Centiva Capital LP bought a new position in Mogo in the 3rd quarter valued at about $30,000. Two Sigma Investments LP acquired a new stake in Mogo during the third quarter worth approximately $220,000. Finally, Goldman Sachs Group Inc. boosted 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 worth $229,000 after acquiring an additional 95,248 shares during the period. 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.