Previous Close | 1,032.47 |
Open | 1,050.00 |
Bid | 1,072.20 x 800 |
Ask | 1,079.00 x 800 |
Day's Range | 1,042.66 - 1,083.59 |
52 Week Range | 600.68 - 1,970.13 |
Volume | |
Avg. Volume | 674,917 |
Market Cap | 54.55B |
Beta (5Y Monthly) | 1.61 |
PE Ratio (TTM) | 685.10 |
EPS (TTM) | 1.58 |
Earnings Date | Feb 28, 2022 - Mar 04, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Dec 28, 2017 |
1y Target Est | 1,315.22 |
The Nasdaq Composite index has dropped 18% year-to-date, while these three tech stocks have plummeted between 10% and 64% over the same period. At these prices, here's why you should consider buying MercadoLibre (NASDAQ: MELI), Roku (NASDAQ: ROKU), and Veeva Systems (NYSE: VEEV) while they are at a discount. MercadoLibre has often been called the Amazon (NASDAQ: AMZN) of Latin America, but MercadoLibre has seen tremendous success in one category that Amazon hasn't: fintech.
The Nasdaq and growth tech stocks generally have endured a brutal bear market. This performance has dampened both expectations and stock prices as investors brace for slowdowns. To this end, stocks like MercadoLibre (NASDAQ: MELI), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Tractor Supply (NASDAQ: TSCO) should remain on investor watchlists.
MercadoLibre (NASDAQ: MELI) stock was down as much as 55% this year. This may be your last chance to buy this monster growth stock on the dip. MercadoLibre, a Latin American e-commerce giant, demonstrated spectacular growth throughout the early stages of the pandemic, with several consecutive quarters of triple-digit revenue growth year over year.