Mogo (NASDAQ:MOGO) Receives “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Mogo (NASDAQ:MOGO) in a report issued on Tuesday, Benzinga reports. They currently have a $6.00 price objective on the stock.

Mogo Price Performance

Shares of MOGO opened at $1.20 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $29.24 million, a PE ratio of -2.66 and a beta of 2.79. Mogo has a twelve month low of $0.95 and a twelve month high of $2.25. The firm’s 50 day moving average price is $1.27 and its 200 day moving average price is $1.56.

Mogo (NASDAQ:MOGO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.07. The business had revenue of $12.83 million during the quarter, compared to analyst estimates of $12.77 million. Mogo had a negative net margin of 24.68% and a negative return on equity of 17.25%. As a group, research analysts expect that Mogo will post -0.49 EPS for the current fiscal year.

About Mogo

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.