Best Fintech Stocks To Watch Now – August 17th

MercadoLibre, Rocket Companies, Carlyle Group, DeFi Development, WEX, Q2, and UP Fintech are the seven Fintech stocks to watch today, according to MarketBeat’s stock screener tool. Fintech stocks are shares of publicly traded companies that use technology to deliver or improve financial services—such as digital banking, mobile payments, online lending, robo-advisory and blockchain solutions. These firms aim to streamline processes, lower costs and enhance customer experience, often challenging traditional banks and financial institutions. Investing in fintech stocks lets investors tap into the growth potential of technology-driven innovation in the finance sector. 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.

MELI stock traded up $72.50 during trading on Friday, reaching $2,392.30. The company had a trading volume of 411,196 shares, compared to its average volume of 358,763. The firm has a 50-day simple moving average of $2,414.57 and a 200-day simple moving average of $2,261.37. The company has a market cap of $121.29 billion, a price-to-earnings ratio of 59.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre has a twelve month low of $1,646.00 and a twelve month high of $2,645.22.

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 traded down $0.15 during trading on Friday, reaching $18.57. 11,253,538 shares of the company’s stock were exchanged, compared to its average volume of 26,278,802. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 12.62. The stock has a market capitalization of $37.14 billion, a P/E ratio of -371.40 and a beta of 2.28. The company’s fifty day simple moving average is $15.02 and its 200-day simple moving average is $13.73. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $21.38.

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 $1.05 during trading hours on Friday, reaching $63.86. 1,831,155 shares of the company were exchanged, compared to its average volume of 2,519,730. The company has a current ratio of 2.24, a quick ratio of 2.36 and a debt-to-equity ratio of 1.52. The firm has a market cap of $23.10 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $65.97. The stock’s 50-day moving average is $56.15 and its 200-day moving average is $48.39.

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.

NASDAQ:DFDV traded down $0.88 during trading hours on Friday, hitting $18.69. The company had a trading volume of 3,592,076 shares, compared to its average volume of 3,012,925. The firm has a market capitalization of $363.52 million, a P/E ratio of 28.02 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 business’s 50-day moving average price is $21.74.

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.

WEX stock traded down $1.03 during midday trading on Friday, reaching $174.10. 347,355 shares of the stock traded hands, compared to its average volume of 510,112. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.99. WEX has a 12-month low of $110.45 and a 12-month high of $217.47. The firm has a market cap of $5.96 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.64 and a beta of 1.28. The company has a 50-day simple moving average of $156.02 and a two-hundred day simple moving average of $147.94.

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 $0.25 during mid-day trading on Friday, reaching $74.55. 737,583 shares of the stock were exchanged, compared to its average volume of 955,870. The company has a 50 day simple moving average of $87.35 and a 200-day simple moving average of $84.79. The stock has a market capitalization of $4.65 billion, a P/E ratio of 1,491.30 and a beta of 1.47. Q2 has a 1 year low of $63.61 and a 1 year high of $112.82.

UP Fintech (TIGR)

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.

Shares of TIGR stock traded up $0.43 during midday trading on Friday, hitting $10.85. The company had a trading volume of 3,890,595 shares, compared to its average volume of 5,817,653. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50 day simple moving average is $9.64 and its 200 day simple moving average is $8.59. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.82 and a beta of 0.60. UP Fintech has a 52-week low of $3.39 and a 52-week high of $14.48.