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Top Fintech Stocks To Follow Now - August 11th

MercadoLibre logo with Retail/Wholesale background

Key Points

  • The article highlights seven prominent Fintech stocks, including MercadoLibre, Rocket Companies, and Carlyle Group, identified based on high trading volumes.
  • MercadoLibre's stock is noted for its remarkable 300% increase over two years, with a current market cap of $116.64 billion.
  • Rocket Companies shows significant trading activity with a current stock price of $17.11 and a market cap of $34.21 billion.
  • Want stock alerts on MercadoLibre? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

MercadoLibre, Rocket Companies, Carlyle Group, DeFi Development, Joint Stock Company Kaspi.kz, WEX, and Q2 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 leverage technology to deliver financial services, such as digital payments, online lending, robo-advisory, blockchain, and mobile banking solutions. Investors buy these stocks to gain exposure to the rapid innovation and potential growth in the financial technology sector. Performance in this segment often depends on factors like regulatory changes, technology adoption rates, and overall market sentiment toward digital finance. 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 MercadoLibre stock traded down $52.93 on Monday, hitting $2,300.77. The stock had a trading volume of 230,531 shares, compared to its average volume of 394,912. MercadoLibre has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The stock has a market cap of $116.64 billion, a price-to-earnings ratio of 56.95, a P/E/G ratio of 1.47 and a beta of 1.46. The company's 50 day moving average price is $2,437.60 and its 200 day moving average price is $2,247.76.

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 stock traded up $0.30 during trading on Monday, hitting $17.11. The company had a trading volume of 7,285,270 shares, compared to its average volume of 12,198,530. The firm has a market cap of $34.21 billion, a PE ratio of -342.10 and a beta of 2.28. Rocket Companies has a 1-year low of $10.06 and a 1-year high of $21.38. The firm has a 50-day moving average price of $14.44 and a 200-day moving average price of $13.53. The company has a quick ratio of 12.62, a current ratio of 18.74 and a debt-to-equity ratio of 2.36.

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 stock traded up $0.39 during trading on Monday, hitting $62.62. The company had a trading volume of 1,296,531 shares, compared to its average volume of 2,842,367. The firm has a market cap of $22.61 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.15 and a beta of 1.90. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $64.09. The firm has a 50-day moving average price of $54.26 and a 200-day moving average price of $48.06. The company has a quick ratio of 2.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

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.

DFDV stock traded up $0.29 during trading on Monday, hitting $15.97. The company had a trading volume of 2,742,356 shares, compared to its average volume of 2,805,071. The stock has a market cap of $310.62 million, a price-to-earnings ratio of -63.16 and a beta of -7.30. DeFi Development has a 1-year low of $0.48 and a 1-year high of $53.88. The company has a 50-day simple moving average of $21.74.

Read Our Latest Research Report on DFDV

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.

NASDAQ KSPI traded up $0.78 on Monday, hitting $95.74. 353,564 shares of the company's stock were exchanged, compared to its average volume of 313,979. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01. The firm's 50-day moving average price is $84.79 and its two-hundred day moving average price is $89.82. Joint Stock Company Kaspi.kz has a fifty-two week low of $75.90 and a fifty-two week high of $131.62. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 8.78 and a beta of 1.06.

Read Our Latest Research Report on KSPI

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 traded down $1.02 on Monday, reaching $167.24. The stock had a trading volume of 172,365 shares, compared to its average volume of 714,001. The firm has a market capitalization of $5.73 billion, a PE ratio of 21.14, a PEG ratio of 1.58 and a beta of 1.28. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.99. The firm has a 50-day moving average of $152.39 and a 200 day moving average of $148.03. WEX has a twelve month low of $110.45 and a twelve month high of $217.47.

Read Our Latest Research Report on WEX

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.

QTWO stock traded down $0.06 on Monday, reaching $73.58. The company had a trading volume of 357,903 shares, compared to its average volume of 703,570. Q2 has a 1 year low of $63.61 and a 1 year high of $112.82. The company's fifty day moving average is $88.82 and its 200 day moving average is $85.43. The company has a market cap of $4.59 billion, a P/E ratio of 1,470.59 and a beta of 1.47.

Read Our Latest Research Report on QTWO

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