Fintech Stocks To Watch Now - August 15th

Key Points

• MarketBeat highlights seven fintech stocks to watch, including MercadoLibre, Rocket Companies, Carlyle Group, and more, based on high trading volumes in recent days.
• MercadoLibre's stock has increased nearly 300% over the last two years, currently trading at $2,397.64 with a strong market cap of $121.56 billion.
• Rocket Companies, offering various financial services, has a market cap of $37.41 billion and experienced a recent trading volume of over 8 million shares.

MercadoLibre, Rocket Companies, Carlyle Group, DeFi Development, UP Fintech, Q2, and WEX are the seven Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are shares of publicly traded companies that develop or use technology to improve, automate, or disrupt traditional financial services. These firms may offer digital payments, online lending, robo-advisory, blockchain solutions, or other technology-driven financial products. Investing in fintech stocks lets shareholders participate in the growth of tech-enabled financial innovation. 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 up $77.84 during midday trading on Friday, hitting $2,397.64. 273,105 shares of the company traded hands, compared to its average volume of 393,777. The stock has a 50-day moving average of $2,416.37 and a 200-day moving average of $2,255.38. MercadoLibre has a one year low of $1,646.00 and a one year high of $2,645.22. The firm has a market cap of $121.56 billion, a P/E ratio of 59.16, a PEG ratio of 1.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

Read Our Latest Research Report on MELI

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.

RKT traded down $0.02 during midday trading on Friday, hitting $18.70. The stock had a trading volume of 8,312,990 shares, compared to its average volume of 12,459,036. The company has a market cap of $37.41 billion, a P/E ratio of -373.30 and a beta of 2.28. The business has a fifty day moving average of $14.91 and a 200 day moving average of $13.68. The company has a debt-to-equity ratio of 2.36, a quick ratio of 12.62 and a current ratio of 18.74. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $21.38.

Read Our Latest Research Report on RKT

Carlyle Group (CG)

The Carlyle Group Inc. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

CG traded down $1.05 during midday trading on Friday, hitting $63.86. The stock had a trading volume of 1,009,835 shares, compared to its average volume of 2,833,844. The company has a market cap of $23.10 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.20 and a beta of 1.90. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $65.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.36 and a current ratio of 2.24. The business has a fifty day moving average of $55.80 and a 200 day moving average of $48.40.

Read Our Latest Research Report on CG

DeFi Development (DFDV)

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.

Shares of NASDAQ:DFDV traded down $0.82 during trading on Friday, reaching $18.75. 3,263,767 shares of the company traded hands, compared to its average volume of 2,879,395. The stock has a market capitalization of $364.69 million, a price-to-earnings ratio of -74.15 and a beta of -7.30. The firm's fifty day simple moving average is $21.75. DeFi Development has a 52-week low of $0.48 and a 52-week high of $53.88.

Read Our Latest Research Report on DFDV

UP Fintech (TIGR)

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.

TIGR traded up $0.46 during trading on Friday, reaching $10.88. The stock had a trading volume of 3,173,326 shares, compared to its average volume of 6,046,114. The stock's 50 day moving average is $9.59 and its two-hundred day moving average is $8.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 0.79 and a beta of 0.60. UP Fintech has a one year low of $3.39 and a one year high of $14.48.

Read Our Latest Research Report on TIGR

Q2 (QTWO)

Q2 Holdings, Inc. provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.

Shares of NYSE QTWO traded down $0.34 during trading on Friday, reaching $74.47. The company had a trading volume of 414,776 shares, compared to its average volume of 707,938. Q2 has a 12-month low of $63.61 and a 12-month high of $112.82. The stock has a market cap of $4.65 billion, a PE ratio of 1,490.18 and a beta of 1.47. The business's 50-day moving average is $87.68 and its 200 day moving average is $85.03.

Read Our Latest Research Report on QTWO

WEX (WEX)

WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.

Shares of WEX stock traded down $0.95 during trading on Friday, hitting $174.18. 141,460 shares of the company's stock traded hands, compared to its average volume of 703,771. The stock has a market capitalization of $5.97 billion, a P/E ratio of 22.02, a PEG ratio of 1.65 and a beta of 1.28. The company has a debt-to-equity ratio of 3.99, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day simple moving average of $155.31 and a 200-day simple moving average of $148.23. WEX has a 1 year low of $110.45 and a 1 year high of $217.47.

Read Our Latest Research Report on WEX

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