Today’s big question for investors is, “what’s going on with MOGU Inc. (NYSE:MOGU) stock? Its price is nose-diving -0.1 points, trading at $1.88 levels, and is down -5.05% from its previous close of $1.98. The shares seem to have an active trading volume day with a reported 103020 contracts so far this session. MOGU shares had a relatively better volume day versus average trading capacity of 58.46 million shares, but with a 25.75 million float and a 0% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for MOGU stock indicates that the average analyst price target is $3.93 per share. This means the stock has a potential increase of 109.04% from where the MOGU share price has been trading recently.
Looking at the current readings for MOGU Inc., the two-week RSI stands at 32.65. This figure suggests that MOGU stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current MOGU readings is similarly very revealing as it has a stochastic reading of 11.55% at this stage. This figure means that MOGU share price today is being overbought.
Technical chart claims that MOGU Inc. (MOGU) would settle between $2.05/share to $2.13/share level. However, if the stock price goes below the $1.94 mark, then the market for MOGU Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.9 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.04. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Morgan Stanley lowered their recommendation on shares of MOGU from Equal-Weight to Underweight in their opinion released on June 04. Morgan Stanley, analysts launched coverage of MOGU Inc. (NYSE:MOGU) stock with a Equal-Weight recommendation, according to their flash note issued to investors on January 22.
MOGU equity has an average rating of 3.33, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 0 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 0 analysts rated MOGU Inc. (NYSE:MOGU) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, MOGU stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 58. MOGU Inc. current P/B ratio of 0.4 means it is trading at a discount against its industry’s 11.9.
MOGU Inc. (MOGU)’s current-quarter revenues are projected to climb by nearly 1.3% to hit $55.41 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 5.7% from $151470 to a noteworthy $160170. At the other end of the current quarter income statement, MOGU Inc. is expected to see its adjusted earnings surge by roughly 55.6% to hit $-0.04 per share. For the fiscal year, MOGU’s earnings are projected to climb by roughly 67.6% to hit $-0.22 per share.