MercadoLibre, Mogo, and Rocket Companies are the three Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are shares of companies that combine financial services with innovative technology—such as digital payments, online lending platforms, blockchain, and robo-advisors—to streamline, automate, or disrupt traditional banking and finance. By investing in fintech stocks, shareholders gain equity in businesses focused on leveraging software, data analytics and mobile applications to deliver faster, more accessible, and often lower-cost financial products. These companies had the highest dollar trading volume of any Fintech stocks within the last several days.
MercadoLibre (MELI)
MercadoLibre, Inc. operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
Shares of MELI traded down $36.85 during mid-day trading on Wednesday, reaching $2,464.55. The company had a trading volume of 284,738 shares, compared to its average volume of 408,180. The company has a market capitalization of $124.95 billion, a price-to-earnings ratio of 60.67, a P/E/G ratio of 1.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The company's 50 day simple moving average is $2,450.74 and its 200 day simple moving average is $2,120.85. MercadoLibre has a 1-year low of $1,563.21 and a 1-year high of $2,645.22.
Read Our Latest Research Report on MELI
Mogo (MOGO)
Mogo Inc. operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.
Shares of MOGO traded up $1.42 during trading hours on Wednesday, reaching $2.63. The stock had a trading volume of 257,699,371 shares, compared to its average volume of 3,298,585. Mogo has a 12 month low of $0.74 and a 12 month high of $3.83. The stock has a market capitalization of $64.41 million, a PE ratio of -4.11 and a beta of 3.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.50 and a current ratio of 1.50. The company's 50-day moving average is $1.24 and its two-hundred day moving average is $1.15.
Read Our Latest Research Report on MOGO
Rocket Companies (RKT)
Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.
Shares of NYSE:RKT traded up $0.29 during midday trading on Wednesday, hitting $14.77. 19,789,894 shares of the stock were exchanged, compared to its average volume of 6,686,545. The business's 50-day moving average price is $13.03 and its 200 day moving average price is $12.79. Rocket Companies has a 12 month low of $10.06 and a 12 month high of $21.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 12.62 and a current ratio of 12.62. The stock has a market capitalization of $29.53 billion, a price-to-earnings ratio of -492.50, a P/E/G ratio of 1.04 and a beta of 2.28.
Read Our Latest Research Report on RKT
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