Mogo (NASDAQ:MOGO) Given “Buy” Rating at HC Wainwright

Mogo (NASDAQ:MOGO)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $6.00 target price on the stock. HC Wainwright’s target price would indicate a potential upside of 366.93% from the company’s current price.

Mogo Stock Up 13.2 %

Shares of NASDAQ MOGO traded up $0.15 during trading hours on Thursday, hitting $1.29. 474,551 shares of the company’s stock were exchanged, compared to its average volume of 44,451. Mogo has a 1-year low of $0.94 and a 1-year high of $2.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 1.38. The company’s 50-day moving average price is $1.11 and its 200-day moving average price is $1.38.

Mogo (NASDAQ:MOGO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.07. Mogo had a negative return on equity of 14.57% and a negative net margin of 22.05%. The business had revenue of $12.83 million during the quarter, compared to analysts’ expectations of $12.77 million. As a group, research 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.