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Tuesday, December 1, 2020

MOGU Inc. (NYSE:MOGU) on the Path to Profitability

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MOGU Inc. (MOGU) shares are trading at higher $2.74 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $3.19.

To add more color to this target, the company’s high over the last year is $6.85 and the low is $0.88. Over the last 52 weeks, MOGU is down -60.00% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MOGU reported a profit of $7.44 million. MOGU Inc. also saw revenues increase to $15.31 million. In addition, MOGU has free cash flow of -$45.51 million as of 03-2020. The company’s EBITDA came in at -$17.03 million which compares well with its peers.

MOGU Return on Equity (ROE) is -75.30%, and its Return on Assets is -63.90%. All told, it is clear that, MOGU needs to be on your watchlist.

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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. MOGU has a short ratio of 0.05 and outstanding shares of 109.34M.

Company Outlook

MOGU has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.36 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.94. MOGU Inc. MOGU also noted assets of $344.7 million at the end of the last quarter. Investors should also keep an eye on sector updates as MOGU has historically followed its peers on positive news.

All told, MOGU Inc. MOGU has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MOGU 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.

MOGU Inc. MOGU is now commanding a market cap of 306.83M and a float of 88.16M. MOGU 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 MOGU 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 MOGU, either long or short, and we have not been compensated for this article.

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