Mogo Inc. [NASDAQ: MOGO] loss -12.69% on the last trading session, reaching $6.95 price per share at the time. The company report on April 16, 2021 that Coinsquare Announces Closing of Strategic Investment by Mogo.
Mogo has acquired a 19.99% ownership interest in Coinsquare with a right to increase its ownership up to approximately 43%.
All figures in Canadian $.
Mogo Inc. represents 47.16 million in outstanding shares, while the company has a total market value of $327.74 million with the latest information. MOGO stock price has been found in the range of $6.90 to $7.67.
If compared to the average trading volume of 3.76M shares, MOGO reached a trading volume of 2781763 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Mogo Inc. [MOGO]:
Raymond James have made an estimate for Mogo Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 23, 2020. The new note on the price target was released on August 16, 2019, representing the official price target for Mogo Inc. stock.
The Average True Range (ATR) for Mogo Inc. is set at 1.07, with the Price to Sales ratio for MOGO stock in the period of the last 12 months amounting to 14.51. The Price to Book ratio for the last quarter was 43.44.
Trading performance analysis for MOGO stock
Mogo Inc. [MOGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -30.91. With this latest performance, MOGO shares dropped by -31.26% in over the last four-week period, additionally plugging by 403.62% over the last 6 months – not to mention a rise of 623.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MOGO stock in for the last two-week period is set at 36.31, with the RSI for the last a single of trading hit 26.95, and the three-weeks RSI is set at 41.98 for Mogo Inc. [MOGO]. The present Moving Average for the last 50 days of trading for this stock 9.01, while it was recorded at 8.26 for the last single week of trading, and 4.02 for the last 200 days.
Mogo Inc. [MOGO]: A deeper dive into fundamental analysis
An analysis of insider ownership at Mogo Inc. [MOGO]
There are presently around $21 million, or 6.57% of MOGO stock, in the hands of institutional investors. The top three institutional holders of MOGO stocks are: FORTRESS INVESTMENT GROUP LLC with ownership of 1,351,003, which is approximately 0% of the company’s market cap and around 16.49% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 854,050 shares of the stock with an approximate value of $5.94 million in MOGO stocks shares; and BOOTHBAY FUND MANAGEMENT, LLC, currently with $1.5 million in MOGO stock with ownership of nearly New of the company’s market capitalization.
10 institutional holders increased their position in Mogo Inc. [NASDAQ:MOGO] by around 989,306 shares. Additionally, 5 investors decreased positions by around 69,290 shares, while 5 investors held positions by with 2,010,385 shares. The mentioned changes placed institutional holdings at 3,068,981 shares, according to the latest SEC report filing. MOGO stock had 7 new institutional investments in for a total of 406,040 shares, while 2 institutional investors sold positions of 13,902 shares during the same period.