Shares of Mogo Inc. (TSE:MOGO - Get Free Report) traded up 99.4% during trading on Wednesday . The stock traded as high as C$5.19 and last traded at C$3.47. 2,046,435 shares were traded during mid-day trading, an increase of 2,798% from the average session volume of 70,626 shares. The stock had previously closed at C$1.74.
Wall Street Analyst Weigh In
Separately, Raymond James Financial lowered 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 Research Report on Mogo
Mogo Price Performance
The business has a 50-day moving average of C$1.71 and a two-hundred day moving average of C$1.63. The company has a current ratio of 0.49, a quick ratio of 3.99 and a debt-to-equity ratio of 123.15. The firm has a market cap of C$83.46 million, a P/E ratio of -5.35 and a beta of 3.31.
Mogo Company Profile
(
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.
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.
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
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
