Previous Close | 6.49 |
Open | 6.53 |
Bid | 6.35 x 1200 |
Ask | 6.42 x 4000 |
Day's Range | 6.16 - 6.55 |
52 Week Range | 4.47 - 31.40 |
Volume | |
Avg. Volume | 5,411,550 |
Market Cap | 618.176M |
Beta (5Y Monthly) | 3.28 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.00 |
Earnings Date | Feb 22, 2022 - Feb 28, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
The African e-commerce company could either face a formidable new competitor -- or get bought out by that challenger for a hefty premium.
Concerns about global inflation, rising borrowing costs, and economic impacts from the war in Ukraine have been overwhelming the stock market all year. Year to date, the S&P 500 has tumbled 23%, and the Nasdaq Composite has slipped 32%, as investors have cast aside high-growth technology companies and instead relied on safer assets like bonds and value stocks. After its stock rocketed nearly 300% from April 2020 through January 2021, the Latin America-based MercadoLibre (NASDAQ: MELI) has seen it crumble 53% since the start of the year.
The e-commerce industry has hit a roadblock, and now many promising companies are trading at handsome valuations.