Fintech Stocks To Follow Today – August 10th

MercadoLibre, Rocket Companies, Carlyle Group, Q2, WEX, Joint Stock Company Kaspi.kz, and DeFi Development are the seven Fintech stocks to watch today, according to MarketBeat’s stock screener tool. Fintech stocks are shares of publicly traded companies that leverage digital technologies to create, improve or automate financial services such as payments, lending, insurance and wealth management. This sector includes firms in areas like digital wallets, blockchain platforms, robo-advisors and insurtech. Investors are drawn to fintech stocks for their potential to disrupt traditional banking models and benefit from the ongoing digitization of 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.

NASDAQ:MELI traded up $18.88 during mid-day trading on Friday, reaching $2,353.70. 303,477 shares of the company were exchanged, compared to its average volume of 345,695. MercadoLibre has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The company has a fifty day moving average of $2,437.60 and a 200 day moving average of $2,244.85. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The stock has a market cap of $119.33 billion, a PE ratio of 58.13, a PEG ratio of 1.44 and a beta of 1.46.

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 $0.72 during trading hours on Friday, reaching $16.83. 12,914,859 shares of the company’s stock traded hands, compared to its average volume of 24,490,802. 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 fifty-two week low of $10.06 and a fifty-two week high of $21.38. The firm has a market capitalization of $33.66 billion, a price-to-earnings ratio of -336.60 and a beta of 2.28. The firm’s 50 day moving average is $14.44 and its 200-day moving average is $13.52.

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.

Shares of NASDAQ:CG traded up $0.66 during mid-day trading on Friday, reaching $62.23. The stock had a trading volume of 2,653,991 shares, compared to its average volume of 2,606,057. The firm has a market cap of $22.47 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.90. The firm has a 50 day simple moving average of $54.26 and a two-hundred day simple moving average of $48.13. The company has a current ratio of 2.24, a quick ratio of 2.36 and a debt-to-equity ratio of 1.52. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $64.09.

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.

NYSE QTWO traded down $0.98 during trading hours on Friday, reaching $73.64. 981,794 shares of the company’s stock were exchanged, compared to its average volume of 855,532. The company’s 50-day moving average is $88.82 and its two-hundred day moving average is $85.50. Q2 has a one year low of $63.61 and a one year high of $112.82. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 1,473.09 and a beta of 1.47.

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.

NYSE WEX traded down $1.44 during trading hours on Friday, reaching $168.38. 348,993 shares of the company’s stock were exchanged, compared to its average volume of 505,234. The company’s 50-day moving average is $152.39 and its two-hundred day moving average is $148.28. WEX has a one year low of $110.45 and a one year high of $217.47. The company has a debt-to-equity ratio of 3.99, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.28.

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 KSPI traded up $3.19 during mid-day trading on Friday, hitting $94.96. 598,697 shares of the company’s stock were exchanged, compared to its average volume of 333,635. The company has a market cap of $18.94 billion, a PE ratio of 8.71 and a beta of 1.06. Joint Stock Company Kaspi.kz has a 52 week low of $75.90 and a 52 week high of $131.62. The company has a 50-day simple moving average of $84.79 and a 200 day simple moving average of $89.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 0.97.

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 up $2.22 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 2,840,838 shares, compared to its average volume of 2,514,912. DeFi Development has a 12 month low of $0.48 and a 12 month high of $53.88. The business has a 50-day moving average of $21.74. The firm has a market capitalization of $304.91 million, a P/E ratio of -62.01 and a beta of -7.30.