Mogo (NASDAQ:MOGO) Trading 0.5% Higher – What’s Next?

Mogo Inc (NASDAQ:MOGO) shares rose 0.5% during trading on Monday . The stock traded as high as $0.98 and last traded at $0.94. Approximately 25,896 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 120,923 shares. The stock had previously closed at $0.9350.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Mogo in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mogo has a consensus rating of “Hold” and a consensus price target of $4.00.

Mogo Trading Up 0.5%

The company has a 50-day moving average price of $1.10 and a 200 day moving average price of $1.29. The stock has a market capitalization of $22.53 million, a P/E ratio of 4.09 and a beta of 2.71. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOGO. Two Sigma Investments LP acquired a new position in Mogo during the 3rd quarter valued at about $220,000. Tidal Investments LLC increased its position 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 buying an additional 118,754 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Mogo by 80.1% during the 4th 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 in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Mogo during the 4th quarter valued at about $26,000. Finally, XTX Topco Ltd acquired a new position in Mogo during the 4th quarter valued at about $25,000. 14.79% of the stock is owned by institutional investors and hedge funds.

About Mogo

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.