Mogo Inc (MOGO) Stock Forecast & Predictions

Mogo Inc (Sub Voting) MOGO: $7.05

, , , . | Sector: Finance and Insurance | Exchange: NASDAQ CAPITAL MARKET | Web:

  • Market Cap$0.47B
  • Change (52 Weeks)635.29%
  • Low (52 Weeks)$0.88
  • Mogo Inc (MOGO) Forecast Based on Technical Analysis


    Neutral
    Based on 15 Technical Indicators where 26.67% are on Buy, 20.00% on Sell, and 53.33% Neutral.

    According to the market data, Mogo Inc (MOGO) stock price is $7.05 and the 52 weeks low is $0.88, which means the Mogo Inc stock price is up 635.29% in the last 12 months.

    Mogo Inc (MOGO) Stock Price has been Trending Strongly with an ADX reading of 47.86 as per the Weekly Chart.

    A Upward trend indicates that Mogo Inc (MOGO) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 26.67% are indicating that MOGO Stock price might rise further, 20.00% indicating that MOGO Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall MOGO stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Mogo Inc (MOGO) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Mogo Inc (MOGO) is based on 10 Institutional Analyst Ratings where 50.00% are on Strong Buy, 40.00% on Moderate Buy, 10.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 10 Institutional Analysts, majority recommended MOGO stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Mogo Inc.

    Mogo Inc (MOGO) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 434,839 investor portfolio.

    Our algorithm has analysed 434,839 investor portfolio with MOGO stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MOGO and holding their positions hoping for a further rise in the stock price and more profit.

    Mogo Inc (MOGO) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformUpgraded
    Eight CapitalOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    HC Wainwright & Co.BuyInitiated
    Raymond James FinancialOutperformInitiated
    Eight CapitalDowngraded
    Canaccord GenuityDowngraded
    B. Riley FBRBuyMaintained
    BMO Capital MarketsMarket PerformDowngraded
    B. Riley FBRBuyInitiated
    Craig HallumBuyInitiated
    Eight CapitalUpgraded
    BMO Capital MarketsOutperformUpgraded
    BMO CapitalOutperformMaintained
    BMO Capital MarketsOutperformInitiated
    BMO CapitalOutperformInitiated
    Eight CapitalBuyInitiated
    Canaccord GenuitySpeculative BuyUpgraded
    Canaccord GenuityHoldDowngraded
    Canaccord GenuityMaintained
    BMO Capital MarketsOutperformMaintained

    Mogo Inc (MOGO) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.122
    The average consensus EPS for MOGO is $-0.122 with a high estimate of $-0.126 and Low of $-0.118 for the period 2021-09-30 and based on 6 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.1$-0.140252020-12-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.12$-0.16322021-03-31
    $-0.1$-0.140252020-12-31
    $0.005$-0.091799999999999992020-09-30
    $-0.03$-0.086700000000000012020-06-30
    $-0.22$-0.28562020-03-31
    $-0.2$-0.18872019-12-31
    $-0.21$-0.217158000000000022019-09-30
    $-0.22$-0.24482019-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).