Promising Fintech Stocks To Watch Today – June 11th

MercadoLibre, Rocket Companies, and The Carlyle Group are the three Fintech stocks to watch today, according to MarketBeat’s stock screener tool. Fintech stocks are shares of companies that leverage technology—such as mobile apps, blockchain, artificial intelligence, and cloud computing—to deliver financial services like payments, lending, wealth management, and insurance. Investing in these stocks offers exposure to the rapidly evolving intersection of finance and technology, often characterized by higher growth potential as well as increased regulatory and market volatility. 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 down $15.58 on Wednesday, hitting $2,380.86. 314,398 shares of the company were exchanged, compared to its average volume of 383,782. MercadoLibre has a 1-year low of $1,550.00 and a 1-year high of $2,635.88. The firm has a 50 day moving average of $2,307.64 and a two-hundred day moving average of $2,068.51. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market cap of $120.70 billion, a P/E ratio of 63.31, a P/E/G ratio of 1.12 and a beta of 1.51.

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.

Shares of RKT traded up $0.60 during mid-day trading on Wednesday, hitting $13.69. 12,733,400 shares of the company traded hands, compared to its average volume of 9,476,960. Rocket Companies has a one year low of $10.06 and a one year high of $21.38. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average of $12.62 and a 200 day moving average of $12.74. The stock has a market capitalization of $27.37 billion, a price-to-earnings ratio of -85.41 and a beta of 2.28.

The 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 up $0.50 during trading hours on Wednesday, hitting $47.32. 1,004,524 shares of the stock were exchanged, compared to its average volume of 2,634,844. The company has a market capitalization of $17.09 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $41.38 and its two-hundred day moving average is $47.14. The Carlyle Group has a twelve month low of $33.02 and a twelve month high of $57.50.