Mogo Inc (NASDAQ:MOGO – Get Free Report)’s stock price was down 9.3% on Monday . The company traded as low as $0.74 and last traded at $0.74. 40,402 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 2,693,901 shares. The stock had previously closed at $0.8157.
Mogo Trading Down 9.3%
The company’s fifty day moving average price is $0.91 and its two-hundred day moving average price is $1.03. The company has a market cap of $17.74 million, a price-to-earnings ratio of 3.22 and a beta of 2.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.42.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in shares of Mogo during the fourth quarter valued at $25,000. Goldman Sachs Group Inc. grew its stake in Mogo by 80.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 214,100 shares of the company’s stock valued at $229,000 after acquiring an additional 95,248 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Mogo during the 4th quarter worth approximately $26,000. Centiva Capital LP bought a new stake in shares of Mogo during the third quarter worth $30,000. Finally, Two Sigma Investments LP bought a new position in Mogo during the 3rd quarter worth about $220,000. Institutional investors own 14.79% of the company’s stock.
Mogo Company Profile
Mogo Inc is a Vancouver-based financial technology company that offers a suite of digital banking and personal finance products through a mobile-first platform. The firm’s core mission is to empower consumers with tools to manage their money, monitor their credit, and guard against identity fraud, all delivered via a unified smartphone application. By integrating multiple financial services into one interface, Mogo aims to simplify day-to-day money management and foster healthier financial habits among its members.
The company’s flagship offering is a prepaid Visa card that links directly to its app, enabling users to track spending in real time without the risk of overdraft fees associated with traditional credit cards.
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