Mogo Inc. [NASDAQ: MOGO] price surged by 19.34 percent to reach at $0.47. The company report on March 23, 2022 that Mogo Reports Record Revenue for Q4 2021.
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Record Q4 revenue of $17.0 million, up 70% year over year.
Subscription and services revenue growth accelerates to 135% year over year .
A sum of 3285560 shares traded at recent session while its average daily volume was at 667.95K shares. Mogo Inc. shares reached a high of $2.97 and dropped to a low of $2.50 until finishing in the latest session at $2.90.
The average equity rating for MOGO stock is currently 1.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Mogo Inc. [MOGO]:
BTIG Research have made an estimate for Mogo Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 26, 2022. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on June 15, 2021, representing the official price target for Mogo Inc. stock. Previously, the target price had yet another raise from $85 to $100, while Canaccord Genuity kept a Speculative Buy rating on MOGO stock.
The Average True Range (ATR) for Mogo Inc. is set at 0.22, with the Price to Sales ratio for MOGO stock in the period of the last 12 months amounting to 5.19. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 0.50.
MOGO Stock Performance Analysis:
Mogo Inc. [MOGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.51. With this latest performance, MOGO shares gained by 34.26% in over the last four-week period, additionally sinking by -37.63% over the last 6 months – not to mention a drop of -67.71% 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 66.32, with the RSI for the last a single of trading hit 74.05, and the three-weeks RSI is set at 59.78 for Mogo Inc. [MOGO]. The present Moving Average for the last 50 days of trading for this stock 2.29, while it was recorded at 2.48 for the last single week of trading, and 4.57 for the last 200 days.
Mogo Inc. [MOGO] Insider Position Details
There are presently around $32 million, or 15.14% of MOGO stock, in the hands of institutional investors. The top three institutional holders of MOGO stocks are: TOROSO INVESTMENTS, LLC with ownership of 5,198,177, which is approximately 36.781% of the company’s market cap and around 14.01% of the total institutional ownership; POINT72 ASSET MANAGEMENT, L.P., holding 2,095,572 shares of the stock with an approximate value of $5.09 million in MOGO stocks shares; and ALYESKA INVESTMENT GROUP, L.P., currently with $2.81 million in MOGO stock with ownership of nearly New of the company’s market capitalization.
44 institutional holders increased their position in Mogo Inc. [NASDAQ:MOGO] by around 5,711,405 shares. Additionally, 23 investors decreased positions by around 1,461,130 shares, while 6 investors held positions by with 6,190,578 shares. The mentioned changes placed institutional holdings at 13,363,113 shares, according to the latest SEC report filing. MOGO stock had 27 new institutional investments in for a total of 3,183,865 shares, while 15 institutional investors sold positions of 1,348,729 shares during the same period.