Marqeta Inc (NASDAQ: MQ)’s stock price has gone rise by 5.20 in comparison to its previous close of 5.51, however, the company has experienced a 4.07% increase in its stock price over the last five trading days. InvestorPlace reported 2024-05-03 that Financial technology, or fintech stocks, is a relatively new and fast-growing sector in which to invest. The sector encompasses many of the facets of modern banks, including payment facilitation, wallets, checking accounts, saving accounts, credit cards and even loan facilities.
Is It Worth Investing in Marqeta Inc (NASDAQ: MQ) Right Now?
The stock has a 36-month beta value of 1.82. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MQ is 389.10M, and at present, short sellers hold a 3.51% of that float. On May 06, 2024, the average trading volume of MQ was 5.14M shares.
MQ’s Market Performance
MQ’s stock has seen a 4.07% increase for the week, with a -1.59% drop in the past month and a -0.91% fall in the past quarter. The volatility ratio for the week is 4.79%, and the volatility levels for the past 30 days are at 4.37% for Marqeta Inc The simple moving average for the past 20 days is 4.47% for MQ’s stock, with a -2.71% simple moving average for the past 200 days.
Analysts’ Opinion of MQ
Many brokerage firms have already submitted their reports for MQ stocks, with Monness Crespi & Hardt repeating the rating for MQ by listing it as a “Buy.” The predicted price for MQ in the upcoming period, according to Monness Crespi & Hardt is $7.50 based on the research report published on April 02, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see MQ reach a price target of $7. The rating they have provided for MQ stocks is “Buy” according to the report published on February 12th, 2024.
Susquehanna gave a rating of “Positive” to MQ, setting the target price at $9 in the report published on November 08th of the previous year.
MQ Trading at -1.74% from the 50-Day Moving Average
After a stumble in the market that brought MQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.24% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 4.79%, as shares sank -3.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.60% lower at present.
During the last 5 trading sessions, MQ rose by +3.95%, which changed the moving average for the period of 200-days by +12.87% in comparison to the 20-day moving average, which settled at $5.54. In addition, Marqeta Inc saw -16.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MQ starting from Kern Randall F., who sale 53,367 shares at the price of $6.23 back on Dec 04 ’23. After this action, Kern Randall F. now owns 0 shares of Marqeta Inc, valued at $332,671 using the latest closing price.
SULLIVAN GODFREY, the Director of Marqeta Inc, purchase 200,000 shares at $5.88 during a trade that took place back on Aug 15 ’23, which means that SULLIVAN GODFREY is holding 200,000 shares at $1,176,000 based on the most recent closing price.
Stock Fundamentals for MQ
Current profitability levels for the company are sitting at:
- -0.4 for the present operating margin
- 0.32 for the gross margin
The net margin for Marqeta Inc stands at -0.33. The total capital return value is set at -0.22. Equity return is now at value -16.42, with -13.27 for asset returns.
Based on Marqeta Inc (MQ), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 1.25. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 23.3.
Currently, EBITDA for the company is -185.6 million with net debt to EBITDA at 3.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. The receivables turnover for the company is 6.19for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.13.
Conclusion
To sum up, Marqeta Inc (MQ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
