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

Mogo (NASDAQ:MOGO)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a report issued on Tuesday, Benzinga reports. They presently have a $6.00 target price on the stock. HC Wainwright’s price target points to a potential upside of 417.24% from the stock’s current price.

Mogo Stock Performance

Shares of NASDAQ:MOGO opened at $1.16 on Tuesday. The firm’s 50-day moving average is $1.30 and its 200 day moving average is $1.58. The company has a market capitalization of $28.44 million, a price-to-earnings ratio of -2.58 and a beta of 2.79. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.45. Mogo has a 12 month low of $0.95 and a 12 month high of $2.25.

Mogo (NASDAQ:MOGO) last issued its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The firm 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%. Research analysts predict that Mogo will post -0.49 EPS for the current year.

Mogo Company Profile

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.