Mogo (NASDAQ:MOGO) Stock Price Down 1.1% – What’s Next?

Shares of Mogo Inc (NASDAQ:MOGO) were down 1.1% during trading on Friday . The stock traded as low as $0.9101 and last traded at $0.92. Approximately 44,230 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 2,693,901 shares. The stock had previously closed at $0.93.

Mogo Stock Down 1.1%

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 cap of $22.05 million, a PE ratio of 4.00 and a beta of 2.71. The firm’s 50 day moving average is $0.99 and its 200-day moving average is $1.10.

Hedge Funds Weigh In On Mogo

Several institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC lifted its stake 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 buying an additional 118,754 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 buying an additional 95,248 shares during the period. Two Sigma Investments LP purchased a new position in shares of Mogo during the third quarter valued at approximately $220,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Mogo during the fourth quarter valued at approximately $26,000. Finally, XTX Topco Ltd purchased a new position in shares of Mogo during the fourth quarter valued at approximately $25,000. Hedge funds and other institutional investors own 14.79% of the company’s stock.

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.