Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Interesting fintech company. Trades at 7x sales. Sales growth is good but need to see positive cash flow. Has exposure to crypto and moves with it. Has made some acquisitions with a recent on in investment dealing. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is up 172% this year. The company is reaping the benefits of transaction volumes surging with bitcoin price. Moves with the bitcoin price. A little rich at around 10x sales. Unlock Premium - Try 5i Free
This is a way to play the millennial fintech market with a dash of crypto. The stock made its IPO at 10, then pulled back sharply. They have a platform that allows millennials (or anyone else) to get loans, mortgages, and other financial products -- now including a crypto layer. There are 10 million millennials and Mogo has 600,000 (6% of the addressable market). There is a likely tipping point at 10% of the market, so Mogo should add another 400,000 users, and they are on their way there. The company has been able to deliver top line growth, but not big earnings, which has put the stock under pressure. She recommends patience, that in a stock like this, the earnings come eventually.
A name where there was a lot of growth priced in on the IPO. The company is still growing, but not profitably yet. However, it is so oversold and we are starting to see the bounce. That is probably the end of tax loss selling and you could see a nice trade in it here.
Mogo Finance Technology Inc. is a Canadian stock, trading under the symbol MOGO-T on the Toronto Stock Exchange (MOGO-CT). It is usually referred to as TSX:MOGO or MOGO-T
In the last year, there was no coverage of Mogo Finance Technology Inc. published on Stockchase.
Mogo Finance Technology Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Mogo Finance Technology Inc..
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0 stock analysts on Stockchase covered Mogo Finance Technology Inc. In the last year. It is a trending stock that is worth watching.
On 2023-05-31, Mogo Finance Technology Inc. (MOGO-T) stock closed at a price of $0.95.