Mogo (NASDAQ:MOGO) Stock Price Down 9.3% – What’s Next?

Mogo Inc (NASDAQ:MOGO)’s stock price traded down 9.3% during trading on Monday . The stock traded as low as $0.74 and last traded at $0.74. Approximately 40,402 shares were traded during trading, a decline of 99% from the average session volume of 2,693,901 shares. The stock had previously closed at $0.8157.

Mogo Stock Down 9.3%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $17.74 million, a P/E ratio of 3.22 and a beta of 2.71. The firm’s 50 day moving average is $0.91 and its two-hundred day moving average is $1.03.

Hedge Funds Weigh In On Mogo

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Mogo during the fourth quarter worth about $25,000. Goldman Sachs Group Inc. grew its position 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 last quarter. Baader Bank Aktiengesellschaft acquired a new position in Mogo during the 4th quarter worth approximately $26,000. Centiva Capital LP bought a new position in shares of Mogo in the 3rd quarter valued at $30,000. Finally, Two Sigma Investments LP bought a new position in Mogo in the third quarter valued at about $220,000. Institutional investors and hedge funds own 14.79% of the company’s stock.

About Mogo

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.