|Bid||6.35 x 1200|
|Ask||6.27 x 4000|
|Day's range||6.16 - 6.53|
|52-week range||4.47 - 31.40|
|Beta (5Y monthly)||3.23|
|PE ratio (TTM)||N/A|
|Earnings date||08 Aug 2022 - 12 Aug 2022|
|Forward dividend & yield||N/A (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.