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

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

Mogo Stock Up 13.7 %

NASDAQ:MOGO traded up $0.16 during midday trading on Thursday, reaching $1.29. The company had a trading volume of 473,472 shares, compared to its average volume of 58,157. The firm has a market capitalization of $31.57 million, a price-to-earnings ratio of -2.44 and a beta of 2.81. The stock’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $1.39. Mogo has a 12-month low of $0.94 and a 12-month high of $2.25. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.45.

Mogo (NASDAQ:MOGO) last released its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The firm had revenue of $12.83 million during the quarter, compared to analyst estimates of $12.77 million. Mogo had a negative return on equity of 17.25% and a negative net margin of 24.68%. On average, sell-side analysts anticipate that Mogo will post -0.49 earnings per share for the current fiscal 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.