Marqeta: Block's Reliance Is Starting To Be Priced In [Seeking Alpha]
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Seeking Alpha
Despite underperforming in the market, the Company's reliance on Block is now priced in, leading to a tepid bullish outlook. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis Marqeta NASDAQ: MQ ) is a fintech that has the potential to become a rewarding investment. After all, Marqeta's Q4 result once again saw a strong increase in total processing volume, which was up 33% y/y. Indeed, the day after its Q4 2023 earnings results, as Marqeta's share price was dropping 10% during the trading day, Marqeta put out a press release reminding investors of its bull case, that its total processing volumes continue to rapidly increase. The problem though with this stock is that MQ is far from cheap, as it's priced at more than 100x forward EBITDA. However, when all is said and done, I believe that Marqeta's prospects are starting to gain traction. And given that it carries a
Show less
Read more
Impact Snapshot
Event Time:
MQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MQ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MQ alerts
High impacting Marqeta, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
MQ
News
- Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools [Yahoo! Finance]Yahoo! Finance
- Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking ToolsBusiness Wire
- Marqeta joins hands with Rain for earned wage access [Seeking Alpha]Seeking Alpha
- Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded Finance [Yahoo! Finance]Yahoo! Finance
- Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded FinanceBusiness Wire
MQ
Earnings
- 2/28/24 - Beat
MQ
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- MQ's page on the SEC website