Shares of Marqeta Inc. (NASDAQ:MQ) traded at a new 52-week low today of $25.75. So far today approximately 333,000 shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
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.
In the past 52 weeks, shares of Marqeta Inc. have traded between the current low of $25.75 and a high of $32.75 and is now at $26.80.
Based on a current price of $26.80, Marqeta Inc. is currently 16.0% above its average consensus analyst price target of $22.52.
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