Free Trial

Bango (LON:BGO) Trading Down 13% - Here's What Happened

Bango logo with Computer and Technology background

Key Points

  • Bango PLC's stock fell by 13% during trading on Monday, with shares priced at GBX 100.50 ($1.36) after a previous close of GBX 115.50 ($1.57).
  • The company has a market capitalization of £77.21 million and analysts maintain an average rating of "Buy" with a target price of GBX 244.
  • Insiders have shown confidence in the company, with two executives purchasing shares at prices of GBX 97 and GBX 91, respectively.
  • Interested in Bango? Here are five stocks we like better.

Bango PLC (LON:BGO - Get Free Report)'s stock price was down 13% during trading on Monday . The company traded as low as GBX 100.50 ($1.36) and last traded at GBX 100.50 ($1.36). Approximately 182,840 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 111,708 shares. The stock had previously closed at GBX 115.50 ($1.57).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 244 price target on shares of Bango in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 244.

Get Our Latest Research Report on BGO

Bango Stock Performance

The company has a quick ratio of 2.37, a current ratio of 0.71 and a debt-to-equity ratio of 37.64. The firm has a 50-day moving average price of GBX 89.25 and a 200 day moving average price of GBX 86.47. The firm has a market capitalization of £77.21 million, a PE ratio of -2,115.79 and a beta of 0.36.

Insider Transactions at Bango

In other news, insider Matt Wilson bought 1,978 shares of the company's stock in a transaction on Monday, August 18th. The stock was bought at an average cost of GBX 97 per share, with a total value of £1,918.66. Also, insider Paul Larbey acquired 1,978 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of GBX 91 per share, with a total value of £1,799.98. Company insiders own 12.25% of the company's stock.

Bango Company Profile

(Get Free Report)

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. The world's largest content providers, including Amazon NASDAQ: AMZN, Google NASDAQ: GOOG and Microsoft NASDAQ: MSFT trust Bango technology to reach subscribers everywhere. Bango, where people subscribe.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Bango Right Now?

Before you consider Bango, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bango wasn't on the list.

While Bango currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.