Mogo Inc’s Market Journey: Closing Weak at 1.28, Down -2.29

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The closing price of Mogo Inc (NASDAQ: MOGO) was $1.28 for the day, down -2.29% from the previous closing price of $1.31. In other words, the price has decreased by -$2.29 from its previous closing price. On the day, 1.34 million shares were traded.

Ratios:

Our analysis of MOGO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.51. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.20.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on January 26, 2022, Reiterated its Buy rating but revised its target price to $9 from $13 previously.

On June 15, 2021, BTIG Research started tracking the stock assigning a Buy rating and target price of $13.

Canaccord Genuity Upgraded its Hold to Speculative Buy on May 14, 2021, whereas the target price for the stock was revised from $85 to $100.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.65.

Stock Price History:

Over the past 52 weeks, MOGO has reached a high of $2.73, while it has fallen to a 52-week low of $0.74. The 50-Day Moving Average of the stock is 33.37%, while the 200-Day Moving Average is calculated to be 9.32%.

Shares Statistics:

A total of 24.28M shares are outstanding, with a floating share count of 21.32M. Insiders hold about 12.87% of the company’s shares, while institutions hold 9.06% stake in the company.

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