Mogo (NASDAQ:MOGO) Trading Down 7.4% – Time to Sell?

Mogo Inc (NASDAQ:MOGO)’s stock price was down 7.4% during mid-day trading on Monday . The stock 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 Analyst Weigh In

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

Mogo Price Performance

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Centiva Capital LP bought a new position in shares of Mogo in the third quarter valued at $30,000. OLD Mission Capital LLC acquired a new stake in shares of Mogo in the 1st quarter worth about $35,000. Two Sigma Investments LP bought a new position in Mogo in the 3rd quarter valued at about $220,000. Finally, Tidal Investments LLC boosted its stake in Mogo by 9.8% during the 2nd 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. Institutional investors and hedge funds own 14.79% of the company’s stock.

About Mogo

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.