Marqeta's Valuation Under Scrutiny Amid Recent Trading Volatility

Marqeta (MQ) shares have recently traded around $4.73, sparking investor reassessment. The stock has a mixed year-to-date return of 1.94% and a 1-year total shareholder return of 28.88%. Investors are reassessing its risk and growth profile, and the completed TransactPay acquisition unlocks new revenue streams and improves earnings scalability. The narrative sets fair value at $5.80, leaning heavily on future profitability, faster growth, and a premium earnings multiple. However, market ratios signal caution, with a P/S ratio of 3.5x, compared to a fair ratio of 2.5x and a peer average of 1.4x.