Mogu Inc - ADR (MOGU) was up 104.84% during trading yesterday as it opened at $2.76 and ended the day at $5.87. The stock had remained pretty flat over the past three months but was trending upwards consistently in June. Volume spiked during trading yesterday for MOGU at 23 million when its average volume is a little above 106,864. The most puzzling piece about the stock’s surge yesterday is that it occurred without any major news announcement and seemed to be based off speculation and market sentiment alone.
MOGU Inc is an online fashion and lifestyle destination in China. The company online platform includes Mogu.com, Mogujie.com, and Meilishuo.com. Its platform allows people to discover and share fashion trends while fully enjoying the shopping experience. The company derives revenues from within China. Last quarter the company lost more than 2.2 million yuan as the company has been reporting negative earnings over the past year. MOGU is expected to report its Q2 earnings on August 26 2020.
MOGU stock is higher by 91.59% over the last 12 months, and the average rating from Wall Street analysts is a Strong Sell. InvestorsObserver’s proprietary scoring system, gives MOGU stock a score of 67 out of a possible 100.
That score is primarily influenced by a short-term technical score of 100. MOGU’s score also includes a long-term technical score of 100. The fundamental score for MOGU is 0. In addition to the average rating from Wall Street analysts, MOGU stock has a mean target price of 3.4. This means analysts expect the stock to decline 42.57% over the next 12 months.
