Mogo (NASDAQ:MOGO) Stock Price Down 3.4% – Time to Sell?

Mogo Inc (NASDAQ:MOGO)’s stock price fell 3.4% on Friday . The company traded as low as $1.23 and last traded at $1.3235. 125,211 shares were traded during mid-day trading, an increase of 4% from the average session volume of 120,923 shares. The stock had previously closed at $1.37.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MOGO. Wall Street Zen lowered shares of Mogo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research cut Mogo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mogo in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.00.

Mogo Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $31.72 million, a P/E ratio of 5.75 and a beta of 2.71. The business has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.53.

Institutional Trading of Mogo

Several institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in shares of Mogo in the third quarter worth $220,000. Tidal Investments LLC increased its holdings in Mogo by 9.8% in the 2nd quarter. Tidal Investments LLC now owns 1,327,179 shares of the company’s stock worth $1,672,000 after buying an additional 118,754 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Mogo in the 3rd quarter worth about $30,000. 14.79% of the stock is owned by hedge funds and other institutional investors.

About Mogo

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.