Top Fintech Stocks To Research - November 3rd

Key Points

• Rocket Companies (RKT), Kaspi.kz (KSPI), and Wealthfront (WLTH) were identified as fintech stocks to watch based on their recent high dollar trading volumes.
• Rocket Companies, which provides mortgage, real estate, personal lending, and related technology services, traded at $13.79 and has a $39.04 billion market capitalization; its shares remain well below their 52-week high of $24.36.
• Kaspi.kz traded at $92.11 with a $17.50 billion market cap and an 8.39 P/E ratio, while Wealthfront traded at $10.46 with a $1.63 billion market cap and a negative P/E ratio of -11.24.

Rocket Companies, Joint Stock Company Kaspi.kz, and Wealthfront are the three Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech stocks are shares of publicly traded companies that use technology to provide or improve financial services, such as digital payments, online banking, lending, investing, or financial software. For stock market investors, these companies may offer growth opportunities tied to the expansion of digital finance, but they can also carry risks from competition, regulation, cybersecurity threats, and market volatility. These companies had the highest dollar trading volume of any Fintech stocks within the last several days.

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 RKT stock traded up $0.02 during trading hours on Tuesday, reaching $13.79. 48,092,726 shares of the stock traded hands, compared to its average volume of 30,515,117. The business has a fifty day moving average price of $12.37 and a 200 day moving average price of $14.71. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.16. Rocket Companies has a 1-year low of $10.18 and a 1-year high of $24.36. The firm has a market capitalization of $39.04 billion, a PE ratio of 30.70, a PEG ratio of 3.46 and a beta of 2.23.

Read Our Latest Research Report on RKT

Joint Stock Company Kaspi.kz (KSPI)

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.

Shares of NASDAQ:KSPI traded down $1.28 during trading on Tuesday, reaching $92.11. 158,261 shares of the company traded hands, compared to its average volume of 513,272. The firm has a fifty day simple moving average of $97.26 and a 200 day simple moving average of $86.49. Joint Stock Company Kaspi.kz has a 1-year low of $68.59 and a 1-year high of $109.94. The firm has a market cap of $17.50 billion, a P/E ratio of 8.39 and a beta of 1.06.

Read Our Latest Research Report on KSPI

Wealthfront (WLTH)

We’re a different kind of FinTech. We are a technology company that built a financial solutions platform for “digital natives,” defined as those born after 1980 (i.e., Millennials, Gen Z, and later generations). Our platform is designed to address the needs of the wealth builders within these generations.

WLTH traded up $0.01 during midday trading on Tuesday, hitting $10.46. 543,661 shares of the company's stock traded hands, compared to its average volume of 1,797,455. The company has a market cap of $1.63 billion and a PE ratio of -11.24. Wealthfront has a one year low of $7.20 and a one year high of $14.88. The stock's fifty day simple moving average is $10.20 and its 200-day simple moving average is $9.67.

Read Our Latest Research Report on WLTH

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.