Mogo Inc. (TSE:MOGO - Get Free Report) shares rose 99.4% during mid-day trading on Wednesday . The company traded as high as C$5.19 and last traded at C$3.47. Approximately 2,046,435 shares were traded during trading, an increase of 2,798% from the average daily volume of 70,626 shares. The stock had previously closed at C$1.74.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial reduced their price objective on Mogo from C$4.00 to C$3.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st.
View Our Latest Stock Report on Mogo
Mogo Trading Down 15.9%
The firm has a market capitalization of C$70.23 million, a price-to-earnings ratio of -4.50 and a beta of 3.31. The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15. The business has a 50-day moving average of C$1.75 and a two-hundred day moving average of C$1.64.
About Mogo
(
Get Free Report)
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.
Recommended Stories
Before you consider Mogo, 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 Mogo wasn't on the list.
While Mogo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
