Mogo (NASDAQ:MOGO) Stock Price Down 1.3%

Mogo Inc. (NASDAQ:MOGO) shares traded down 1.3% during trading on Wednesday . The company traded as low as $1.46 and last traded at $1.48. 28,804 shares traded hands during trading, a decline of 58% from the average session volume of 69,057 shares. The stock had previously closed at $1.50.

Analysts Set New Price Targets

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

Mogo Stock Performance

The firm has a market cap of $37.50 million, a price-to-earnings ratio of -3.39 and a beta of 2.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.77.

Mogo (NASDAQ:MOGO) last released its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.11. Mogo had a negative net margin of 21.98% and a negative return on equity of 16.00%. The company had revenue of $13.30 million for the quarter, compared to the consensus estimate of $12.76 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. On average, analysts expect that Mogo Inc. will post -0.63 EPS for the current year.

Mogo Company Profile

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.