Mogo (NASDAQ:MOGO) Stock Price Up 4.7% – Time to Buy?

Mogo Inc (NASDAQ:MOGO) traded up 4.7% on Friday . The company traded as high as $1.18 and last traded at $1.11. 125,240 shares traded hands during trading, an increase of 4% from the average session volume of 120,923 shares. The stock had previously closed at $1.06.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MOGO. Zacks Research downgraded Mogo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Mogo in a report on Wednesday, September 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Mogo in a research note on Monday, December 29th. Finally, Wall Street Zen cut Mogo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.00.

Mogo Stock Performance

The firm has a market capitalization of $28.52 million, a P/E ratio of 5.17 and a beta of 2.71. The company has a 50-day moving average of $1.19 and a 200-day moving average of $1.59. 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 Trading of Mogo

Several institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in Mogo by 9.8% during the 2nd quarter. Tidal Investments LLC now owns 1,327,179 shares of the company’s stock worth $1,672,000 after purchasing an additional 118,754 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Mogo in the 3rd quarter valued at $220,000. Finally, Centiva Capital LP acquired a new stake in shares of Mogo during the third quarter worth $30,000. 14.79% of the stock is currently 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.