This paper discusses a numerical study performed in analysing the performance regarding the magnetic effect on the mixed convection stagnation-point flow of hybrid ferrofluid, examining the influence of viscous dissipation, convective boundary condition as well as Joule heating across a nonlinearly moving surface. Additionally, the hybrid ferrofluid exhibits an asymmetric flow pattern due to the buoyancy force affecting the flow. Water H2O is employed as the base fluid collectively with the mixtures of nanoparticles containing magnetite Fe3O4 and cobalt ferrite CoFe2O4, forming a hybrid ferrofluid. The partial differential equation’s complexity is reduced by similarity transformation into a system of ordinary differential equations, which are then numerically solved by applying the MATLAB function bvp4c for a specific range of values regarding the governing parameters. Dual solutions were identified under both opposing and assisting flow conditions, and the stability analysis identified that the first solution was stable. Furthermore, it was also revealed that the addition of 1% CoFe2O4 in hybrid ferrofluid led to a higher skin friction coefficient between 3.35% and 7.18% for both assisting and opposing flow regions. Additionally, the growth of magnetic fields results in a reduced heat transfer rate between 8.75% to 10.65%, whilst the presence of the suction parameter expands the range of solutions, which then delays the boundary layer separation. With the Eckert number included, the heat transfer rate continuously declined between 7.27% to 10.24%. However, it increased by about 280.64% until 280.98% as the Biot number increased.