The stock of Mogo Inc (MOGO) has gone down by -9.69% for the week, with a 32.57% rise in the past month and a 15.60% rise in the past quarter. The volatility ratio for the week is 17.67%, and the volatility levels for the past 30 days are 9.15% for MOGO. The simple moving average for the last 20 days is 26.23% for MOGO stock, with a simple moving average of -4.86% for the last 200 days.
Is It Worth Investing in Mogo Inc (NASDAQ: MOGO) Right Now?
The 36-month beta value for MOGO is at 2.87. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MOGO is 20.79M, and currently, shorts hold a 0.30% of that float. The average trading volume for MOGO on November 19, 2024 was 61.74K shares.
MOGO) stock’s latest price update
Mogo Inc (NASDAQ: MOGO) has seen a rise in its stock price by 12.45 in relation to its previous close of 1.28. However, the company has experienced a -9.69% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that Mogo Inc (NASDAQ:MOGO ) Q3 2024 Results Conference Call November 6, 2024 12:00 PM ET Company Participants Craig Armitage – IR David Feller – Founder, CEO & Chairman Greg Feller – President, CFO & Director Conference Call Participants Adhir Kadve – Eight Capital Scott Buck – H.C. Wainwright Operator Good afternoon, ladies and gentlemen, and welcome to the Mogo Q3 Earnings Conference Call.
Analysts’ Opinion of MOGO
Many brokerage firms have already submitted their reports for MOGO stocks, with BTIG Research repeating the rating for MOGO by listing it as a “Buy.” The predicted price for MOGO in the upcoming period, according to BTIG Research is $9 based on the research report published on January 26, 2022 of the previous year 2022.
BTIG Research, on the other hand, stated in their research note that they expect to see MOGO reach a price target of $13. The rating they have provided for MOGO stocks is “Buy” according to the report published on June 15th, 2021.
Canaccord Genuity gave a rating of “Speculative Buy” to MOGO, setting the target price at $100 in the report published on May 14th of the previous year.
MOGO Trading at 27.01% from the 50-Day Moving Average
After a stumble in the market that brought MOGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.78% of loss for the given period.
Volatility was left at 9.15%, however, over the last 30 days, the volatility rate increased by 17.67%, as shares surge +37.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.98% upper at present.
During the last 5 trading sessions, MOGO fell by -9.69%, which changed the moving average for the period of 200-days by -12.95% in comparison to the 20-day moving average, which settled at $1.1447. In addition, Mogo Inc saw -21.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MOGO
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.69 for the gross margin
The net margin for Mogo Inc stands at -0.25. The total capital return value is set at 0.18. Equity return is now at value -19.77, with -8.12 for asset returns.
Based on Mogo Inc (MOGO), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 2.61.
Currently, EBITDA for the company is -2.2 million with net debt to EBITDA at 13.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 0.86for trailing twelve months and the total asset turnover is 0.35.
Conclusion
In conclusion, Mogo Inc (MOGO) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
