Top rising fintech stocks to explore

Fintech companies have seen robust growth in recent times, with rapid digitalization, e-commerce, and increased use of online platforms for shopping and banking purposes – a trend that accelerated because of the pandemic. Fintech companies have added millions of new customers over the past year, helped by growing demand for on-the-go banking services.

Nevertheless, the fintech industry has already been doubling every two years on an average before the pandemic struck, according to industry data.

Here we explore the top fintech stocks in the market.

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Paypal Holdings, Inc. (NASDAQ: PYPL)

Paypal is a financial technology firm based in San Jose, California. It offers a range of services in the digital payment sector.

The shares of the company traded at US$197.06 at 11:55 am ET on November 19, up 1.72% from their closing price of November 18. Its stock value decreased by 13.55% YTD.

The firm has a market cap of US$231.10 billion, a P/E ratio of 47.28, and a forward P/E one year of 57.95. Its EPS is US$4.16.

The 52-week highest and lowest stock prices were US$310.16 and US$189.57, respectively. Its trading volume was 19,980,110 on November 18.

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, as compared to US$1.27 billion in the year-ago quarter.

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Square, Inc. (NYSE: SQ)

Square Inc. is a financial services company that enables its sellers to accept card payments. It is based in San Francisco, California.

The stock of the company was priced at US$229.40 at 12:00 pm ET on November 19, down by 0.41% from its previous closing price. The SQ stock rose 4.16% YTD.

The market cap of the company is US$105.31 billion, the P/E ratio is 213.37, and the forward P/E one year is 426.57. Its EPS is US$1.07.

The stock saw the highest price of US$289.23 and the lowest price of US$185.74 in the last 52 weeks. Its share volume on November 18 was 5,396,129.

The company's total revenue was US$3.84 million in Q3, FY21, as compared to US$3.03 billion in the same quarter of the previous year. It reported a net loss of US$2.87 million, against an income of US$36.51 million in Q3, FY20.

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Visa Inc. (V)

Visa is a financial services firm that offers electronic fund transfers globally. It is headquartered in San Francisco, California.

The shares of the company traded at US$202.06 at 12:07 pm ET on November 19, down 0.62% from their closing price of November 18. Its stock value tumbled 6.63% YTD.

The firm has a market cap of US$440.86 billion, a P/E ratio of 35.87, and a forward P/E one year of 28.88. Its EPS is US$5.63.

The 52-week highest and lowest stock prices were US$252.67 and US$192.81, respectively. Its trading volume was 18,292,160 on November 18.

The company's revenue surged 29% YoY to US$6.6 billion in Q4, FY21. On a GAAP basis, its net income came in at US$3.6 billion, up 68% from the previous year's same quarter.

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Sea Limited (NYSE: SE)

Sea Limited is a Singapore-based internet firm that offers various services in digital entertainment, e-commerce, and the digital payment industry.

The stock of the company was priced at US$315.10 at 12:20 pm ET on November 19, up 1.40% from its previous closing price. The SE stock rose 58.49% YTD.

The market cap of the company is US$175.58 billion, and the forward P/E one year is -86.80. Its EPS is US$-3.77.

The stock saw the highest price of US$372.70 and the lowest price of US$166.00 in the last 52 weeks. Its share volume on November 18 was 4,003,959.

On a GAAP basis, the company's total revenue surged 121.8% YoY to US$2.7 billion in Q3, FY21. Its total gross profit was US$1 billion, an increase of 147.5% from the previous year's quarter.

The company now expects its GAAP revenue for its e-commerce segment to be between US$5 billion and US$5.2 billion for full fiscal 2021, up from its previous forecast of US$4.7 billion to US$4.9 billion.

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Affirm Holdings, Inc. (NASDAQ: AFRM)

Affirm is a San Francisco, California-based financial technology company. Its shares traded at US$137.26 at 12:29 pm ET on November 19, down 1.34% from their closing price of November 18. Its stock value increased by 43.08% YTD.

 

The firm has a market cap of US$38.37 billion, and a forward P/E one year of -79.50. Its EPS is US$-3.12.

 

The 52-week highest and lowest stock prices were US$176.65 and US$46.50, respectively. Its trading volume was 14,067,210 on November 18.

 

The company's revenue surged 55% YoY to US$269.4 million in Q1, FY22. It reported a net loss of US$306.61 million, as compared to a loss of US$3.94 million in the year-ago quarter.

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Bottomline

The fintech stocks saw a steady growth momentum in recent quarters. The S&P 500 financial sector index ticked up 33.58% YTD while increasing 4.88% QTD.