Mogo Inc. (NASDAQ:MOGO) finished Wednesday with an addition of $0.04 to close at $0.78, an upside of 5.78 percent. An average of 629,748 shares of common stock have been traded in the last five days. There was a fall of -$1.4110 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 195,630 shares traded, while the 50-day average volume stands at 102,690.
MOGO stock has increased by 8.35% in the last month. The company shares reached their 1-month lowest point of $0.6891 on 08/10/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $0.40 and a high of $1.44 in 52 weeks. It has reached a new high 11 times so far this year and achieved 47.36% or -$0.7969 in price. In spite of this, the price is down -45.83% from the 52-week high.
Valuation Metrics
Mogo Inc. (MOGO) has a trailing price-to-sales (P/S) ratio at 0.87, the price-to-book (PB) ratio at 0.56.
Financial Health
Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.81 for the quarter ending March 30. Its gross profit as reported stood at $35.57 million compared to revenue of $53.04 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mogo Inc.’s return on assets was -58.10%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$126.91 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Mogo Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.11, a 45.00% surprise. For the quarter, EBITDA amounted to $0.54 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Mogo Inc. (MOGO) price momentum. RSI 9-day as of the close on 09 August was 14.27%, suggesting the stock is oversold, with historical volatility in this time frame at 505.89%.
As of today, MOGO’s price is $1.8906 -64.08% or -$1.4110 from its 5-day moving average. MOGO is currently trading -69.72% lower than its 20-day SMA and -54.54% lower than its 100-day SMA. However, the stock’s current price level is -62.86% below the SMA50 and -66.91% below the SMA200.
The stochastic %K and %D were 18.62% and 15.74%, respectively, and the average true range (ATR) was 0.3040. With the 14-day stochastic at 5.67% and the average true range at 0.2547, the RSI (14) stands at 20.02%. The stock has reached -0.3117 on the 9-day MACD Oscillator while the 14-day reading was at -0.4155.
Analyst Ratings
BTIG Research reiterated its a Buy rating on Mogo Inc. (NASDAQ: MOGO), but raised their price target to $13, indicating a potential price increase of 94.0% for the stock.
