|Bid||1,643.02 x 900|
|Ask||1,655.00 x 800|
|Day's range||1,606.52 - 1,707.87|
|52-week range||422.22 - 2,020.00|
|Beta (5Y monthly)||1.57|
|PE ratio (TTM)||N/A|
|Earnings date||03 May 2021 - 07 May 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Dec 2017|
|1y target est||1,844.76|
The stock market was hovering near flat for much of the day on Tuesday, but Latin American e-commerce and fintech company MercadoLibre (NASDAQ: MELI) was a big underperformer. The short explanation for today's move is that MercadoLibre reported its fourth-quarter earnings on Monday after the market's close, and investors don't seem too thrilled with the results. On the fintech side of the business, the Mercado Pago payments platform saw payment volume soar by 134% from the same quarter in 2019, and the most important component, off-platform volume, grew by 150%.
Once again, the Nasdaq Composite (NASDAQINDEX: ^IXIC) took the brunt of the hit, falling more than 1% even as other major stock benchmarks had only fractional percentage declines. What's interesting about the Nasdaq's behavior lately is that a bunch of high-growth stocks have seen their share prices fall even after delivering strong financial results. Shares of Zoom Video Communications fell nearly 5% Tuesday afternoon.
MercadoLibre's (MELI) fourth-quarter results reflect benefits of growing commerce and fintech revenues. However, the reopening of retailers has been risky and mounting expenses have been concerning.