Raymond James Issues Pessimistic Forecast for Mogo (TSE:MOGO) Stock Price

Mogo (TSE:MOGO) had its target price lowered by Raymond James from C$4.00 to C$3.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Mogo Price Performance

MOGO opened at C$1.36 on Friday. Mogo has a 52 week low of C$1.25 and a 52 week high of C$2.78. The company has a quick ratio of 3.99, a current ratio of 0.49 and a debt-to-equity ratio of 123.15. The business has a 50 day moving average price of C$1.64 and a two-hundred day moving average price of C$1.71. The company has a market cap of C$32.71 million, a PE ratio of -2.10 and a beta of 3.31.

Mogo Company Profile

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.