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Lost Money on Marqeta, Inc.(MQ)? Join Class Action Suit Seeking Recovery Contact Levi & Korsinsky
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Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Marqeta - Class A trades on the NASDAQ stock market under the symbol MQ.
As of February 10, 2025, MQ stock price climbed to $3.79 with 536,565 million shares trading.
MQ has a beta of -0.66, meaning it tends to be less sensitive to market movements. MQ has a correlation of 0.02 to the broad based SPY ETF.
MQ has a market cap of $1.90 billion. This is considered a Small Cap stock.
Last quarter Marqeta - Class A reported $128 million in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-113,000 and met earnings estimates .
In the last 3 years, MQ traded as high as $12.63 and as low as $3.37.
The top ETF exchange traded funds that MQ belongs to (by Net Assets): VTI, IWM, VB, VBK, VXF.
MQ has underperformed the market in the last year with a return of -36.0%, while the SPY ETF gained +22.7%. In the last 3 month period, MQ fell short of the market, returning -1.0%, while SPY returned +1.8%. However, in the most recent 2 weeks MQ has outperformed the stock market by returning +0.5%, while SPY returned -0.6%.
MQ support price is $3.64 and resistance is $3.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MQ shares will trade within this expected range on the day.