Mogo (NASDAQ:MOGO) Stock Price Down 1.7% – Here’s Why

Mogo Inc (NASDAQ:MOGO)’s stock price fell 1.7% during mid-day trading on Thursday . The company traded as low as $0.8251 and last traded at $0.8255. 24,776 shares were traded during trading, a decline of 99% from the average session volume of 2,693,901 shares. The stock had previously closed at $0.84.

Mogo Stock Performance

The firm’s fifty day moving average price is $0.78 and its 200 day moving average price is $0.93. The firm has a market capitalization of $26.13 million, a PE ratio of 4.74 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 Trading of Mogo

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in Mogo by 80.1% in 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 during the last quarter. Centiva Capital LP acquired a new stake in Mogo during the third quarter worth approximately $30,000. Two Sigma Investments LP acquired a new stake in Mogo during the third quarter worth approximately $220,000. Tidal Investments LLC lifted its position in Mogo by 9.8% during the second quarter. Tidal Investments LLC now owns 1,327,179 shares of the company’s stock worth $1,672,000 after acquiring an additional 118,754 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Mogo during the fourth quarter worth approximately $25,000. Institutional investors and hedge funds 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.