By Mill Chart
Last update: Sep 4, 2023
In this article we will dive into MERCADOLIBRE INC (NASDAQ:MELI) as a possible candidate for growth investing. Investors should always do their own research, but we noticed MERCADOLIBRE INC showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.
ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.
We assign a fundamental rating of 6 out of 10 to MELI. MELI was compared to 34 industry peers in the Broadline Retail industry. MELI scores excellent on profitability, but there are some minor concerns on its financial health. MELI is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make MELI suitable for growth investing!
Our latest full fundamental report of MELI contains the most current fundamental analsysis.
More growth stocks can be found in our Lois Navellier screen.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
NASDAQ:MELI (11/24/2023, 6:51:12 PM)After market: 1535.5 0 (0%)
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