Mogo’s (MOGO) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Mogo (NASDAQ:MOGO) in a report published on Tuesday, Benzinga reports. The firm currently has a $6.00 price target on the stock.

Mogo Stock Up 1.7 %

MOGO opened at $1.22 on Tuesday. The firm has a market cap of $29.85 million, a P/E ratio of -2.71 and a beta of 2.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.38. The business has a 50 day moving average price of $1.27 and a 200 day moving average price of $1.57. Mogo has a twelve month low of $0.95 and a twelve month high of $2.25.

Mogo (NASDAQ:MOGO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. Mogo had a negative net margin of 24.68% and a negative return on equity of 17.25%. The business had revenue of $12.83 million during the quarter, compared to analysts’ expectations of $12.77 million. Research analysts forecast that Mogo will post -0.49 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.