5 best US fintech stocks to consider in 2022

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 5 best US fintech stocks to consider in 2022
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Highlights

  • PayPal Holdings, Inc. (NASDAQ: PYPL) expects its Q4, FY21, revenue to be between US$6.85 billion and US$6.95 billion
  • Affirm Holdings, Inc. (NASDAQ: AFRM) expects its revenue to be between US$320 million and US$330 million in Q2, FY22
  • Upstart Holdings, Inc. (NASDAQ: UPST) projected its revenue to be in the range of US$255 million to US$265 million in Q4, FY21

The financial sector has gained traction in the market as investors have turned their focus on the corporate earnings season in the fourth quarter. Meanwhile, financial companies will start reporting their quarterly financial results this week, which would also shed some light on the performance of the behemoths in the sector in the fourth quarter.

Even though the Covid-19 pandemic has affected various sectors, it has fueled gains in fintech stocks. In addition, the increasing digitalization globally has also accelerated the trend and pushed the sector higher.

Here we explore some of the fintech stocks, that may continue to be in the limelight in the coming days.

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PayPal Holdings, Inc. (NASDAQ: PYPL)

PayPal is a financial technology company that offers an online payment system in a number of countries. It is based in San Jose, California.

The shares of the company closed at US$187.20 on January 12, down by 2.26% from their closing price of January 11. Its stock value increased by 0.44% over the past 30 days.

The firm has a market cap of US$219.94 billion, a P/E ratio of 45, and a forward P/E one year ratio of 55.03. Its EPS is US$4.16.

The 52-week highest and lowest stock prices were US$310.16 and US$177.40, respectively. Its trading volume was 13,588,820 on January 12.

The company's net revenue surged 13% YoY to US$6.18 billion in Q3, FY21. Its net income came in at US$1.31 billion, or US$1.11 per diluted share, as compared to US$1.27 billion, or US$1.07 per diluted share in Q3, FY20.

For the fourth quarter of fiscal 2021, the firm expects its revenue to be between US$6.85 and US$6.95 billion. It also projected its full fiscal revenue to be between US$25.3 billion and US$25.4 billion.

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 Top fintech stocks to explore in the first quarter of 2022

Source: Pixabay

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Block, Inc. (NYSE: SQ)

Block, Inc., formerly known as Square, Inc. is a financial technology firm that offers a range of financial services for consumers. It is based in San Francisco, California.

The stock of the company closed at US$145.47 on January 12, down 1.99% from its previous closing price. The SQ stock fell 17.65% over the past 30 days.

The market cap of the company is US$67.10 billion, the P/E ratio is 135.95, and the forward P/E one year is 302.92. Its EPS is US$1.07.

The stock saw the highest price of US$289.23 and the lowest price of US$138.09 in the last 52 weeks. Its share volume on January 12 was 9,341,606.

The company's total net revenue surged 26.7% YoY to US$3.84 billion in Q3, FY21. It reported a net loss of US$2.87 million, against an income of US$36.51 million in the comparable quarter of the previous year.

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Affirm Holdings, Inc. (NASDAQ: AFRM)

Affirm is a financial services firm that offers a technology-driven payment networking platform for consumers. It is based in San Francisco, California.

The shares of the company closed at US$78.79 on January 12, down by 2.76% from their closing price of January 11. Its stock value declined 28.85% over the past 30 days.

The firm has a market cap of US$22.14 billion. The 52-week highest and lowest stock prices were US$176.65 and US$46.50, respectively. Its trading volume was 6,972,120 on January 12.

The company's total revenue rose 55% YoY to US$269.4 million in Q1, FY22. For the period, it reported a net loss of US$306.6 million, as compared to a loss of US$3.9 million in Q1, FY21.

For the second quarter of fiscal 2022, the firm expects its revenue to be between US$320 million and US$330 million.

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Upstart Holdings, Inc. (NASDAQ: UPST)

Upstart is a cloud-based AI lending platform that aggregates consumers' demand for loans while connecting them to its network partnered with banks. It is based in San Mateo, California.

The stock of the company closed at US$118.41 on January 12, down 2.19% from its previous closing price. The UPST stock plunged 24.26% over the past 30 days.

The market cap of the company is US$9.70 billion, P/E ratio is 148.01, and forward P/E one year is 123.53. Its EPS is US$0.80.

The stock saw the highest price of US$401.49 and the lowest price of US$42.51 in the last 52 weeks. Its share volume on January 12 was 5,298,826.

The company's revenue jumped 250% YoY to US$228 million in Q3, FY21. On a GAAP basis, its net income came in at US$29.1 million, as compared to US$9.7 million in Q3, FY20.

For Q4, FY21, the firm expects its revenue to be in the range of US$255 million to US$265 million.

Financial technology stocks: PYPL, SQ, AFRM, UPST, SOFI

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SoFi Technologies, Inc. (NASDAQ: SOFI)

SoFi is an online personal finance company based in San Francisco, California. It offers a range of financial services and products for consumers through its mobile application and desktop interfaces.

The shares of the company closed at US$13.86 on January 12, down 0.57% from their closing price of January 11. Its stock value tumbled 8.3% over the past 30 days.

The firm has a market cap of US$11.24 billion. The 52-week highest and lowest stock prices were US$28.26 and US$13.01, respectively. Its trading volume was 24,842,450 on January 12.

The company's total net revenue soared 35% YoY to US$272 million in Q3, FY21. On a GAAP basis, it reported a net loss of US$30.04 million, as compared to a loss of US$42.87 million in Q3, FY20.

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Bottom line:

The financial technology sector has witnessed gains in recent quarters, evident by the surge in the index. The S&P 500 financial sector rose 5.05% MTD. However, an investor should closely evaluate the companies before investing in the stocks.

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