The Mogo Inc. (MOGO) shares are trading at lower $2.09.
To add more color to this target, the company’s high over the last year is $3.88 and the low is $0.55. Over the last 52 weeks, MOGO is down -46.13% while the S&P 500 is up 0.73%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MOGO reported a profit of $6.26 million. Mogo Inc. also saw revenues increase to $10.37 million. In addition, MOGO has free cash flow of $21.77 million as of 03-2020. The company’s EBITDA came in at $0.43 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MOGO has a short ratio of 0.25 and outstanding shares of 28.37M.
MOGO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.01 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.80. Mogo Inc. MOGO also noted assets of $83.37 million at the end of the last quarter. Investors should also keep an eye on sector updates as MOGO has historically followed its peers on positive news.
All told, Mogo Inc. MOGO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MOGO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Mogo Inc. MOGO is now commanding a market cap of 59.29M and a float of 19.30M. MOGO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MOGO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MOGO, either long or short, and we have not been compensated for this article.