1 Green Flag for Marqeta in 2022, and 1 Red Flag
Inflation and rising interest rates have weighed on stocks this year, with the S&P 500 index down over 20% in the year's first half. During this time, markets have been ruthless to young, unprofitable companies trading at lofty valuations. Marqeta (NASDAQ: MQ) is one such company.
After going public in June and reaching a valuation of more than $16 billion at one point, Marqeta's stock has fallen almost 80%. The company has achieved stellar top-line growth and has long-term investors optimistic about its growth trajectory. However, the company has one big red flag that could hinder its future development. Here's what you need to know about this fintech.
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Source Fool.com
