Mogo (NASDAQ:MOGO) Trading Up 2% – Time to Buy?

Mogo Inc. (NASDAQ:MOGO)’s stock price shot up 2% during trading on Friday . The company traded as high as $1.29 and last traded at $1.25. Approximately 49,714 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 55,310 shares. The stock had previously closed at $1.23.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Mogo in a report on Thursday, November 7th.

Mogo Stock Performance

The company has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $30.59 million, a P/E ratio of -2.66 and a beta of 2.96.

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.