Mogo Inc (MOGO) is a Great Momentum Stock: Should You Buy?

Company Overview - Mogo Inc (MOGO) currently has a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - MOGO shares have increased by 78.86% over the past week, significantly outperforming the Zacks Technology Services industry, which rose by 2.56% during the same period [6] - Over the past quarter, MOGO's shares have risen by 153.12%, and they are up 23.78% over the last year, compared to the S&P 500's increases of 19.67% and 12.87%, respectively [7] - The average 20-day trading volume for MOGO is 14,486,363 shares, indicating strong trading activity [8] Earnings Outlook - In the last two months, one earnings estimate for MOGO has been revised upward, while there were no downward revisions, leading to an increase in the consensus estimate from -$0.23 to -$0.21 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, MOGO is positioned as a promising investment opportunity with a Momentum Score of B [12]