Marqeta Inc. (NASDAQ:MQ) traded at a new 52-week low today of $23.89. This new low was reached on below average trading volume as 333,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
In the past 52 weeks, shares of Marqeta Inc. have traded between the current low of $23.89 and a high of $32.75 and is now at $25.01.
Marqeta Inc. (NASDAQ:MQ) defies analysts with a current price ($25.01) 9.9% above its average consensus price target of $22.52.
Marqeta Inc is a modern card issuing platform. Its platform empowers businesses like Affirm, DoorDash, Instacart, Klarna, and Square to create customized payment cards that provide innovative payment experiences for their customers and end-users. It derives the majority of revenue from Interchange Fees generated by card transactions through its platform. The company also generates revenue from other processing services, including monthly platform access, ATM fees, fraud monitoring, and tokenization services.
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