Mogo (NASDAQ:MOGO) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Mogo (NASDAQ:MOGO) in a research report released on Thursday,Benzinga reports. They currently have a $6.00 price target on the stock.

Mogo Stock Performance

Shares of MOGO opened at $1.29 on Thursday. Mogo has a 12 month low of $0.94 and a 12 month high of $2.25. The business’s fifty day simple moving average is $1.11 and its two-hundred day simple moving average is $1.38. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.45. The company has a market cap of $31.44 million, a price-to-earnings ratio of -2.73 and a beta of 2.81.

Mogo (NASDAQ:MOGO) last posted its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.07. The business had revenue of $12.83 million for the quarter, compared to analysts’ expectations of $12.77 million. Mogo had a negative net margin of 22.05% and a negative return on equity of 14.57%. Research analysts anticipate that Mogo will post -0.49 earnings per share for the current fiscal 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.