Mogo (NASDAQ:MOGO) Given New $6.00 Price Target at HC Wainwright

Mogo (NASDAQ:MOGO) had its price objective lowered by HC Wainwright from $8.00 to $6.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Mogo Price Performance

Shares of NASDAQ MOGO traded up $0.06 during mid-day trading on Friday, reaching $1.32. The company’s stock had a trading volume of 8,393 shares, compared to its average volume of 65,894. The stock has a 50-day moving average of $1.47 and a two-hundred day moving average of $1.69. The stock has a market capitalization of $32.33 million, a P/E ratio of -2.93 and a beta of 2.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.71 and a current ratio of 1.71. Mogo has a 1-year low of $0.95 and a 1-year high of $2.82.

Mogo (NASDAQ:MOGO) last issued its earnings results on Thursday, May 9th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.11. Mogo had a negative net margin of 21.98% and a negative return on equity of 16.00%. The business 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 business earned ($0.12) earnings per share. On average, equities research analysts anticipate that Mogo will post -0.63 EPS 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.