Top Fintech Stocks To Add to Your Watchlist – May 11th

MercadoLibre, Rocket Companies, and TaskUs are the three 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 such as payments, lending, asset management, and insurance. Investors buy fintech stocks to gain exposure to firms innovating in areas like blockchain, mobile banking, peer-to-peer lending, and digital wallets. 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 NASDAQ MELI traded up $42.53 during midday trading on Friday, hitting $2,452.53. 382,692 shares of the company traded hands, compared to its average volume of 381,235. MercadoLibre has a 12-month low of $1,550.00 and a 12-month high of $2,501.00. The firm has a market cap of $124.34 billion, a P/E ratio of 65.05, a P/E/G ratio of 1.12 and a beta of 1.61. The stock has a 50-day moving average price of $2,081.98 and a 200 day moving average price of $1,982.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

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.

Rocket Companies stock traded down $0.54 during trading hours on Friday, hitting $11.11. 21,046,335 shares of the stock traded hands, compared to its average volume of 5,099,191. Rocket Companies has a one year low of $10.06 and a one year high of $21.38. The company has a market cap of $22.18 billion, a PE ratio of -69.44 and a beta of 2.33. The firm’s 50-day moving average price is $13.19 and its two-hundred day moving average price is $13.12. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51.

TaskUs (TASK)

TaskUs, Inc. provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.

Shares of NASDAQ TASK traded up $2.47 during mid-day trading on Friday, hitting $16.85. 7,547,384 shares of the stock traded hands, compared to its average volume of 297,398. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 3.92 and a beta of 2.16. The stock has a fifty day moving average price of $13.37 and a 200-day moving average price of $14.74. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02.