Mogo (NASDAQ:MOGO) Trading Down 1.3%

Mogo Inc. (NASDAQ:MOGO) shares dropped 1.3% during mid-day trading on Wednesday . The stock traded as low as $1.46 and last traded at $1.48. Approximately 28,804 shares were traded during trading, a decline of 58% from the average daily volume of 69,057 shares. The stock had previously closed at $1.50.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of Mogo in a research note on Friday, May 10th.

Mogo Trading Down 1.3 %

The stock has a market cap of $36.27 million, a P/E ratio of -3.29 and a beta of 2.79. The stock’s 50-day moving average is $1.63 and its two-hundred day moving average is $1.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.71.

Mogo (NASDAQ:MOGO) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.11. The business had revenue of $13.30 million during the quarter, compared to the consensus estimate of $12.76 million. Mogo had a negative net margin of 21.98% and a negative return on equity of 16.00%. During the same quarter in the prior year, the firm earned ($0.12) EPS. Equities research analysts anticipate that Mogo Inc. will post -0.63 EPS for the current year.

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.