As of May 26, 2023, DLocal‘s shares have taken a significant hit in the stock market due to reports of an investigation in Argentina. Rumors have surfaced that the Argentine government is looking into the fintech’s alleged “improper maneuvers” and transfers, which could potentially amount to $400 million or more. This news has caused DLocal’s shares to plummet by 17-18% during afternoon trading.
Despite the negative reports, it’s worth noting that DLocal is a Uruguayan fintech and the first unicorn in South America. The company has made significant strides in the fintech industry, and its reputation has been built on innovation and trust.
In response to the investigation, DLocal has released a statement claiming that the reports are misleading and that they are working closely with the Argentine government to address any concerns. Despite the current dip in the stock market, DLocal remains confident in its ability to continue to thrive in the fintech industry.
DLO Stock Analysis: Promising Investment Opportunity in Technology Services Industry
On May 26, 2023, DLO stock opened at 13.78, slightly lower than its previous close of 13.82. Throughout the day, the stock fluctuated within a range of 9.04 to 13.78. The trading volume for the day was 521,981, which is lower than the average volume of 1,468,511 over the past three months.
DLO is a technology services company that operates in the packaged software industry. Its earnings growth for the last year was 39.05%, while its earnings growth for this year is projected to be 59.06%. Over the next five years, DLO is expected to have a steady earnings growth rate of 27.44%. Its revenue growth for the last year was 71.61%, indicating that the company is expanding rapidly. Its net profit margin is also high at 25.94%.
The P/E ratio for DLO is 30.1, which is slightly higher than the industry average. However, its price/sales ratio of 11.00 is quite high, indicating that investors are willing to pay a premium for DLO’s shares. DLO’s next reporting date is on August 16, 2023. The EPS forecast for this quarter is $0.13. In the last fiscal year, DLO generated $418.9M in annual revenue and $108.7M in annual profit.
Overall, DLO’s strong revenue and earnings growth, as well as its high net profit margin, suggest that it is a promising investment opportunity in the technology services industry.
Dlocal Ltds Stock Performance: Analysts Predict 40.11% Increase with Median Target of $16.00
On May 26, 2023, Dlocal Ltd’s stock performance was in the spotlight as investors and analysts eagerly awaited the company’s next move. According to data sourced from CNN Money, the 11 analysts offering 12-month price forecasts for Dlocal Ltd had a median target of $16.00, with a high estimate of $25.00 and a low estimate of $10.00. This represented a +40.11% increase from the last price of $11.42.
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