Top Fintech Stocks To Keep An Eye On – August 1st

Rocket Companies, MercadoLibre, Carlyle Group, Q2, and Perella Weinberg Partners are the five Fintech stocks to watch today, according to MarketBeat’s stock screener tool. Fintech stocks are shares of companies that leverage modern technology—such as mobile apps, digital payment networks, blockchain, and artificial intelligence—to deliver or enhance financial services like banking, lending, insurance, and investment management. By investing in these equities, shareholders gain exposure to businesses aiming to disrupt traditional finance through innovation, along with the growth potential and regulatory challenges inherent to the sector. 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.

NYSE:RKT traded up $1.75 on Friday, hitting $16.52. The stock had a trading volume of 48,997,666 shares, compared to its average volume of 11,889,085. The stock has a market cap of $33.03 billion, a price-to-earnings ratio of -549.50 and a beta of 2.28. The company has a quick ratio of 12.62, a current ratio of 12.62 and a debt-to-equity ratio of 1.37. The business’s 50-day simple moving average is $13.90 and its two-hundred day simple moving average is $13.28. Rocket Companies has a 52-week low of $10.06 and a 52-week high of $21.38.

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 $2.33 on Friday, hitting $2,376.22. The stock had a trading volume of 219,395 shares, compared to its average volume of 388,176. The stock has a market cap of $120.47 billion, a price-to-earnings ratio of 58.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. The business’s 50-day simple moving average is $2,458.47 and its two-hundred day simple moving average is $2,219.50. MercadoLibre has a 52-week low of $1,646.00 and a 52-week high of $2,645.22.

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.

NASDAQ:CG traded down $2.07 on Friday, hitting $58.59. The stock had a trading volume of 1,818,198 shares, compared to its average volume of 2,825,667. Carlyle Group has a 52-week low of $33.02 and a 52-week high of $63.74. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.86. The business’s 50-day simple moving average is $52.36 and its two-hundred day simple moving average is $47.91.

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 QTWO stock traded down $4.40 during trading hours on Friday, reaching $76.80. 728,702 shares of the company traded hands, compared to its average volume of 671,806. Q2 has a 12-month low of $61.51 and a 12-month high of $112.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $4.78 billion, a P/E ratio of 1,534.15 and a beta of 1.48. The firm has a 50-day moving average price of $90.18 and a 200 day moving average price of $86.29.

Perella Weinberg Partners (PWP)

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.

Shares of PWP stock traded up $0.79 during trading hours on Friday, reaching $20.73. 1,703,491 shares of the company traded hands, compared to its average volume of 933,151. Perella Weinberg Partners has a 12-month low of $14.12 and a 12-month high of $27.03. The company has a market cap of $1.83 billion, a P/E ratio of -48.06 and a beta of 1.66. The firm has a 50-day moving average price of $19.18 and a 200 day moving average price of $19.96.