Mogo (NASDAQ:MOGO) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reiterated their buy rating on shares of Mogo (NASDAQ:MOGO) in a research note issued to investors on Friday, Benzinga reports. HC Wainwright currently has a $8.00 price objective on the stock.

Mogo Trading Down 1.7 %

Mogo stock opened at $1.76 on Friday. The company has a market cap of $43.14 million, a price-to-earnings ratio of -3.91 and a beta of 2.76. The firm has a 50-day moving average of $1.93 and a 200-day moving average of $1.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.71. Mogo has a one year low of $0.95 and a one year high of $2.96.

Mogo (NASDAQ:MOGO) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.11. Mogo had a negative return on equity of 16.00% and a negative net margin of 21.98%. The firm had revenue of $13.30 million during the quarter, compared to analysts’ expectations of $12.76 million. During the same period in the prior year, the firm posted ($0.12) earnings per share. On average, equities analysts expect that Mogo will post -0.9 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.