Mogo Inc Stock Analysis:
Analysts rate Mogo Inc. with a consensus Strong Buy rating and a 12-month average target price of $3.75 per share.
According to 3 analysts’ projections for Mogo Inc shares, the company’s average 12-month analyst target price is CAD 3.75. The average analyst rating for Mogo Inc. is Strong Buy. Mogo Inc.’s stock analysis by Stock Target Advisor is Slightly Bearish and is based on 3 positive and 6 negative indications. The stock price of Mogo Inc. was CAD 0.96 at the most recent closure. The share price of Mogo Inc. moved -9.43% over the previous week, -27.27% over the previous month, and -86.80% over the previous year.
On Mogo Inc. (MOGO:CA:TSX)
Mogo Inc. is a worldwide and domestic financial technology firm. The business offers customers digital tools to take charge of their financial wellness. It offers the Mogo app to access a virtual spending account with the Mogo Visa Platinum Prepaid Card, MogoCrypto to buy and sell bitcoin, MogoProtect to protect against identity theft and monitor credit scores on a monthly basis, MogoMortgage to experience a virtual mortgage, and MogoMoney to access personal loans. The company also provides Mogo Ventures to manage its current investments in strategic partners and businesses, along with Mogo Trade, a free stock trading platform with real-time stock prices and funding. In addition, it runs Carta, a platform for digital payments that enables financial technology firms, banks, and corporations to provide customers a variety of payment options, including real, virtual, and tokenized cards as well as switching and routing services for payments. Canadian company Mogo Inc. was established in 2003, with its headquarters in Vancouver.
Mogo recently announced that Coinsquare, the country’s oldest operating cryptocurrency asset trading platform, which Mogo owns a roughly 34% stake in, received approval from the Investment Industry Regulatory Organization of Canada (“IIROC”) for its investment dealer registration and IIROC membership through its wholly owned subsidiary Coinsquare Capital Markets Ltd. With this new regulatory status, Coinsquare will be the only IIROC-registered investment dealer and marketplace participant in all Canadian provinces and territories that specialises exclusively in cryptocurrencies. Clients will now feel more secure and at ease knowing that Coinsquare is subject to the highest level of dealer compliance and scrutiny under the current regulatory system thanks the company’s IIROC registration.
The Coinsquare team deserves praise for reaching this significant and value-creating milestone. According to Greg Feller, president and chief financial officer of Mogo, “We think this registration helps them further differentiate from the competition and, when combined with the just recently announced acquisition of CoinSmart, should position Coinsquare well for future growth and long-term success.”
Additionally, Mogo revealed that it would discontinue its current bitcoin offering, MogoCrypto. The company anticipates reintroducing and expanding a cryptocurrency trading option within the MogoTrade app, in line with the roadmap and ambitions for MogoTrade. The financial performance of the Company are unaffected by MogoCrypto revenue, and Mogo’s main exposure to cryptocurrencies remains its 34% ownership share in Coinsquare.
Mogo Inc. Fundamental Stock Analysis:
Superior returns on risk. In the top quartile, this stock has outperformed its sector rivals on a risk-adjusted basis over the course of at least a 12-month holding period.
Priced below what the book would bear. On a price to book value metric, the stock is trading at a low price compared to its peers and is in the top quartile. Although it can be priced too low, be sure there isn’t a specific explanation by looking at its financial performance.
Small debt. The company is more flexible since it is less leveraged than its competitors and is in the top quartile. However, keep an eye on the news and consider the industry. This is occasionally low because there is no room for future expansion at the organization.
Inadequate market capitalization. This is one of the less significant companies in its industries with a market capitalization below the average. If it doesn’t have a distinct technology or market that can help it develop or be purchased in the future, it may make it less stable in the long run.
High turbulence. Over the past five years, this company’s total returns have been erratic and higher above the industry average. If you plan to invest in such a stock, be sure your risk tolerance is adequate.
Excessive in comparison to wages. The stock is trading above the sector median and at a premium to its peers in terms of price to earnings.
Poor cash flow. The last four quarters saw a negative total cash flow for the organization.
Free cash flow that is negative. In the last four quarters, the company’s overall free cash flow was negative.
Low growth in earnings. Compared to its sector, this stock’s five-year median earnings growth was lower than average.
Mogo Inc. stock is currently rated with a fundamental score of 3.3 out of 10, where 0 is very bad and 10 is very good.